Record number of homeowners lock in to long-term mortgages
Five-year deals now make up 60pc of mortgages sold by Nationwide
Source: telegraph.co.uk
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Bank of England ups base rate to 1.75%: What it means for mortgages and savings
The 0.5 percentage point base rate increase is likely to drive up mortgage rates, with those on SVRs now paying £196 a month more on average than they were last November.
Source: dailymail.co.uk
£50-a-month rise in average tracker mortgage costs following rate rise
The increase adds up to more than £600 extra in mortgage costs over the course of a year.
Source: winsfordguardian.co.uk
UK recession explained: What mortgage interest rates rise means for my savings
The 0.5 percentage point base rate increase is likely to drive up mortgage rates, with those on SVRs now paying £196 a month more on average than they were last November.
Source: thisismoney.co.uk
House price growth to slow to single digits by year end: Knight Frank
Double-digit house price growth is expected to slow to single digits by the end of the year as mortgage rates rise, the cost of living crisis continues, and supply increases, according to analysis by Knight Frank on what the Bank of England’s (BoE) latest economic predictions mean for the UK housing market. However,
Source: mortgagestrategy.co.uk