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House price rises dropped from 9.5% growth in September to 7.2% growth in October, show new figures from Nationwide. And on a monthly basis, prices fell 0.9%, which is the first drop recorded since July 2021 and the most significant move in this direction since June 2020. This means that the average house is now
Estate agents said that there could be some re-negotiations amid a backdrop of rising interest rates, which could lead to house prices softening.
The Bank of England (BoE) announced this lunchtime that the base rate would increase by 50 basis points to 2.25%, which Market Financial Solutions chief executive Paresh Raja says “threatens to act as a bucket of cold water on what remains a red-hot market”. The latest increase is the highest the base rate has been
Bills expected to skyrocket as Bank Rate could hit 4.5pc next year
Hike in interest rates would be the biggest in 33 years and would heap renewed pressure on borrowers