Mortgage market
The costs of borrowing for a mortgage have remained the same this month as the The Bank of England has held interest rates at the record low of 0.5%. The Bank’s Monetary Policy Committee (MPC) voted by 8 to 1 to keep rates unchanged. One committee member, Ian McCafferty, disagreed with the majority outlook and…
The August 2015 mortgage market grew to a seven year high as buyers and people remortgaging returned to the market, according to the British Bankers’ Association. A total of £12.22bn was advanced during the month, the highest amount since August 2008, according to the British Bankers’ Association (BBA). Net lending, which strips out repayments and…
The Bank of England’s chief economist has warned that the cost of mortgages, interest rates, looks set to fall after evidence that the global financial crisis is entering its third phase. Andy Haldane cited evidence of a slowdown on the domestic front and risks to the global economy from China, where an economic downturn has…
Coventry estate agents Foster Lewis and Co are pleased to announce two properties sold on the August Bank holiday and have several new instructions for a great start to September 2015. Rip roaring day after the bank holiday.. Two sold.. New instructions flying in and our week has just begun 😊 #coventry — Foster Lewis…
Owning a home is a keystone of wealth… both financial affluence and emotional security.
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