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Did the Bank of England (BoE) have any choice over the latest interest rate hike? And is a further raise warranted or even justifiable given how homeowners are suffering already? Confidence in BoE governor Andrew Bailey is at rock bottom. His effective stewardship of the Bank has been widely called into question. And
Glenhawk reports a record month of lending in May, providing £54m of short-term finance. This represented a 47% increase on the previous record month and a 34% increase in enquiries in May versus April. According to the Association of Short Term Lenders, bridging lenders transacted a record £278.8m in bridging loans
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
House prices in the UK rose 9.5% in the year to September, says Nationwide, which compares to 10% recorded for August. With precisely zero growth noted from August to September – the first month not to see a rise since July 2021 - the average price now rests at £272,259, says the lender. Nationwide adds that 10 out
UK house annual price growth “slowed modestly” to 10.7% in June leaving the average price of a home at £271,613, according to Nationwide. This figure represents a fall from 11.2% in the year to May, says the mutual’s June House Price Index, although prices grew by 0.3% this month, the 11 monthly increase in a row.