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Higher interest rates ‘could weigh on UK housing market

Higher interest rates ‘could weigh on UK housing market’

Nationwide Building Society has said there could be a “cooling” of the UK’s red-hot housing market because of rising inflation and interest rates.Robert Gardner, the chief economist at the UK’s second-largest mortgage lender, said the housing market is currently “remarkably robust” despite the end of incentives such as the government’s stamp duty holiday at the …

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First time buyers face nine year wait to get on the ladder

First-time buyers face nine-year wait to get on the ladder

Concurring to the research🧐, more than a third of UK adults matured 👩‍🦰18-34👨‍🦱 see owning their own home as the most imperative life occasion they will spare for.Three in five anticipate to own their own home inside four years of beginning to save for a deposit but with the normal UK house cost standing at …

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What UK inflation rise means, how the Bank of England could respond

What UK inflation rise means, how the Bank of England could respond

The Bank🏦 of England cautioned earlier this month that expansion will rocket to its most elevated level for 10 years which it is likely to hike interest rates💹 within the “coming months” to undertake and bring CPI back to its 2 per cent target.However, the Bank’s governor Andrew Bailey has expelled conversation of expansion proceeding …

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https://californianewstimes.com/lenders-raise-uk-mortgage-rates-as-inflation-fears-take-hold/573923/

Lenders raise UK mortgage rates as inflation fears take hold

British banks🏦 and building-and-loan unions have started to raise mortgage rates in reaction to rising expansion, marking the end of a period of ultra-low borrowing costs and building on them. Pressure Around family👪 budget. HSBC and NatWest will raise interest rates on settled rate transactions on Thursday, and Barclays will take after on Friday. There …

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Interest Rate Rise

What does an interest rate rise mean for mortgages?

One of the biggest concerns around a rise📈in intrigued rates is the potential affect on the cost of mortgages.Property holders with tracker mortgage 🤝🏻 deals ought to see a quick change to their monthly installments, as their rate is specifically pegged to interest rates.In due course, a rate rise will nearly certainly affect mortgage holders …

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If you’ve just joined us here on LinkedIn, we wanted to let you know a bit more about us 😀👋

We’re an independent mortgage broker who help landlords and professionals in the West Midlands find great mortgages for their properties. Although City Mortgages is brand new, we’ve got over 20 years experience of finding people mortgages! Our aim is to help save everyone time and money, which is why we 👇 🏡 Provide our mortgage …

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