Mortgage market
Welcome to the property insights blog brought to you by Foster Lewis & Co Estate Agents. Here, we delve into the dynamic realm of UK mortgage interest rates, providing a comprehensive analysis of the historical patterns and economic forces that have culminated in the present-day mortgage rate of 5.25%, as recorded in November 2023.
The new chancellor Phillip Hammond has announced that the government’s help to buy mortgage scheme will be closed by the end of 2016. In a letter to the Bank of England, the chancellor said the scheme had a “specific purpose that has now been successfully achieved”. The scheme was launched in late 2013. It meant…
Predicting property market trends is never easy but with the best available information we can highlight some factors that will influence the UK property market in 2016. The saying goes “if America sneezes, we catch a cold”, so the decision decision of the US central bank, the Federal Reserve, to raise interest rates in December…
The Bank of England policymakers voted unanimously to keep interest rates February 2016 on hold at 0.5%. The decision was based on recent sharp sell-off in global stock markets and investors’ worries about a slowdown in China. In recent meetings policymaker Ian McCafferty had been arguing for a small rate rise but he has dropped…
Owning a home is a keystone of wealth… both financial affluence and emotional security.
Please enter the 6-digit OTP sent to your email.
Time remaining: 05:00