Bank of England pushes rates 25bps to 5.25% in 14th successive hike
The Bank of England (BoE) has raised interest rates by 25 basis points (bps) to 5.25%, bringing rates to their highest since February 2008.
Source: professionaladviser.com
Page 3 - Andrew Gething News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Andrew Gething. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Andrew Gething Today - Breaking & Trending Today
Consumer Duty arrives – is tech key to compliance? – Mortgage Strategy
The Financial Conduct Authority’s (FCA) Consumer Duty regulation comes into force today. As FCA outlined earlier this year, It introduces a more outcomes-focused approach to consumer protection and sets higher expectations for the standard of care that firms give customers. Consumer Duty introduces new rules and
Source: mortgagestrategy.co.uk
Industry reacts as inflation falls to 7.9% – Mortgage Strategy
There could still be a ‘choppy period’ ahead for mortgage holders despite inflation in Britain falling to a 16-month low, industry experts warn. Inflation has dropped to 7.9% in the year to June, according to the Office for National Statistics (ONS). It also fell from 8.7% in May - a better result than many
Source: mortgagestrategy.co.uk
Latest interest rate hike sounds alarm bells on vulnerable clients
The latest interest rate hike from the Bank of England (BoE), which today rose to 5%, is ringing alarm bells among advisers and providers as the potential for more people to fall into the category of ‘vulnerable client’ rises.
Source: professionaladviser.com
Industry reacts to highest base rate for 15 years – Mortgage Strategy
There has been mixed reaction from the sector to the latest interest rate rise announced today by the Bank of England. MT Finance head of buy-to-let lending Marylen Edwards believes that while a reduction in the base rate would have been welcome news, another increase was necessary at this moment in time to combat
Source: mortgagestrategy.co.uk