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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
Britain faces a mortgage bomb as interest rates rocket and the property market looks set to implode. Yet there are still hopes that the damage can be contained.
Mortgage and Property experts have been sharing their reaction - and concerns - to this latest base rate hike as follows:
The inflation rate in the UK is now below double digits - falling to 8.7% in April from 10.1% in March. A welcome drop but below market expectation. What does the industry make of the latest figure? Livemore managing director of capital markets and finance Simon Webb explains that high energy prices have played a big
There were 76,630 homeowner mortgages in arrears of 2.5% or more of the outstanding balance in the first quarter of 2023, 2% greater than in the previous quarter, according to the latest data from UK Finance. Within the total there were 27,700 homeowner mortgages in the lightest arrears band (representing between