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Today's announcement from the Bank of England that UK base rates are to increase by 0.25% from the previous rate of 4.25% to a new rate of 4.5%, must hardly
The consumer prices index (CPI) rate of inflation has eased slightly to 10.1% in the 12 months to March 2023, down from 10.4% in February.
The value of new mortgage commitments in the final quarter of 2022 stood at £58.4bn, says the Bank of England (BoE) in its new Mortgage Lenders and Administrators Statistics report. This marked a 33.5% fall on Q3 2022, when this value stood at £87.8bn and presents a 24.5% drop compared to a year previous (£77.3bn).
Inflation in the UK was 10.1% in January, the latest data from the Office for National Statistics (ONS) reveals. January’s figure is down from the 10.5% reported in December and down from a peak of 11.1% in October. The easing in the annual inflation rate in January 2023 mainly reflected price changes in the
The number of mortgage approvals granted fell from 46,186 in November 2022 to 35,612 the following month, new Bank of England (BoE) figures show. The value of these approvals fell from £10.2bn to £8.1bn on the month. This compares to a six-month average of 62,180 approvals and a value of £14.1bn. Remortgage approvals