Most don’t know the impact of a rate rise on mortgageThree quarters (74%) of mortgage holders don’t know how an interest rate rise of one percentage point could affect their monthly outgoings, according to research published today by the Consumer Financial Education Body (CFEB).
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Welsh expect interest rates to rise this year
The majority of people in Wales believe that the Bank of England base rate will rise before 2010 is out.
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Increase in interest rate rise expectations
Interest rate hawks are becoming more prevalent with 14% of mortgage advisors no anticipating an interest rate rise in the next three months.
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Interest rates remain on hold amid uncertainty
UK interest rates remain on hold at 0.5% after the Bank of Englands Monetary Policy Committee (MPC) voted to keep interest rates on hold.
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Bank of England Maintains Bank Rate at 0.5%The Bank of England’s Monetary Policy Committee today voted to maintain the official interest rate at 0.5%.
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Interest rates stay at 0.5%The Bank of England has kept interest rates at a record low of 0.5%, the 12th consecutive month.
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UK interest rates stay frozenIt’s not the weather that’s frozen up – UK interest rates have also remained frozen for another month at 0.5%.
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The housing market slowed in August, following the traditional cyclical pattern, according to the National Association of Estate Agents (NAEA).
HSBC is introducing two new mortgage deals aimed at first time buyers as part of its new mortgage range, available from Monday, 13 September.
Research conducted by money.co.uk has revealed the financial strain suffered by the one fifth of home buyers who fail to set realistic budgets for the purchase and ‘personalisation’ of their new homes.
Confidence among landlords has dipped for the first time in almost two years, driven by uncertainties including housing benefits and tax changes announced in the emergency budget, according to the latest NLA Landlords’ Optimism Index.
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