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Oct 30, 2024 · The Office for Budget Responsibility has increased forecasts for both house prices and future mortgage rates compared to its March predictions. In its latest Economic and Fiscal Outlook, published today, the independent body says it expects average interest rates on outstanding mortgages to rise from around 3.7 per

Mar 29, 2018 · Black Wednesday September 1992 The UK’s withdrawal from the European Exchange Rate Mechanism on 16 September 1992 meant a rise in the base interest rate from 10 per cent to 12 per cent at 10.30am on that day; later that day there was a promise from John Major’s government to raise the rate further to 15 per cent.

Oct 30, 2024 · Chancellor Rachel Reeves has increased the stamp duty surcharge on second homes and investment properties from 3% to 5%, effective from tomorrow. Announced in today’s Autumn Budget, Reeves stated: "In our manifesto we committed to reforming stamp duty land tax to raise revenue while supporting those buying their

Nov 15, 2024 · Lender TSB has revealed that from 15 November it is making changes to its residential, buy to let, product transfer and additional borrowing ranges: For residential, the three-year Fixed First Time Buyer & Home mover rates have increased by up to 0.20%. The three year Fixed Remortgage 0-75% LTV rates have

Oct 8, 2024 · Halifax has launched a further advance affordability calculator. The move comes after the lender streamlined further advance applications on its broker hub last month. It says the feature comes as a new option on its existing mortgage affordability calculator, which allows intermediaries to “quickly check the maximum

Oct 21, 2024 · HSBC will make a mix of increases and decreases across its product lines from tomorrow. Changes will be made across two- and five-year fixes on the lender’s residential existing customer switching products, first-time buyer (FTB), home mover, remortgage ranges and buy-to-let (BTL). Examples of changes include:

Sep 10, 2024 · Barclays has become the latest lender to halve the amount of time borrowers have to lock down a new rate from six months to three. It follows similar moves from Halifax, Nationwide and Santander. In a message to brokers, Barclays says it is reducing its product transfer window from 180 days to 90. The lender says it

Oct 22, 2024 · Aldermore has reintroduced its two- and five-year buy-to-let (BTL) limited edition range. Products within the lender’s individual and company landlords with single residential investment properties include a two-year fixed at 4.84% to 75% loan-to-value (LTV) with a 3% fee and a five-year fixed at 4.69% to 75% LTV with a 5% fee.

Jan 3, 2025 · Mortgage approvals for house purchases fell by 2,400 to 65,700 in November from the previous month, according to the Bank of England. However, the central bank points out that this figure remains above the previous 12-month average of 60,400 in its latest Money and Credit report. Remortgages to a new lender slipped