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BoE: mortgage approvals fall to 54,900 as new rates rise
Bank of England data shows August mortgage approvals fell to 54,900 as the effective rate on new mortgages rose to 4.60%.
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BoE says mortgage approvals hit 2023 low as higher rates cool demand
Mortgage approvals for house purchases fell to 56,200 in May, the lowest level since December 2023, as higher borrowing costs and a softer housing market…
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BoE holds rate at 3.75% as landlords wait longer for cheaper debt
The Bank of England has held Bank Rate at 3.75 percent, giving landlords short-term stability but also signalling that cheaper borrowing may still be some…
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Bank of England warns 5.2m borrowers face higher mortgage payments
The Bank of England’s Financial Policy Committee has warned that 5.2 million mortgage holders – including landlords – could face higher repayments by the end…
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Chancellor tells banks to contact 1.6 million mortgage borrowers as fixed deals end
Chancellor Rachel Reeves has met with the UK’s six largest banks and building societies to assess the impact of the Iran conflict on households and…
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Mortgage repricing exceeds mini-Budget crisis as 25,000 rates withdrawn in weeks
More than 25,000 mortgage rates have been repriced this month as lenders scramble to adjust to the ongoing Middle East conflict, with brokers warning that…
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Middle East conflict clouds rate cut outlook as landlords face mortgage uncertainty
Escalating tensions in the Middle East could dash hopes for further interest rate cuts this year, leaving landlords facing prolonged uncertainty over mortgage costs. Property…
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BoE holds rate at 3.75% as landlords await April cut
The Bank of England is expected to hold interest rates at 3.75% today, with markets now pricing in April as the most likely window for…
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Bank rate cut to 4% offers relief to landlords facing high mortgage costs
The Bank of England has lowered the base rate to 4.00%—its fifth cut since August 2024—despite inflation ticking up to 3.6% in June. For landlords…
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Bank of England interest rate cut expected this week
Buy-to-let investors could benefit from cheaper borrowing within days, as the Bank of England is widely expected to cut interest rates this Thursday. The anticipated…