Budget 2024: OBR lifts forecast for mortgage rates and house prices
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 …
Budget 2024: Stamp duty on second homes rises to 5%
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 …
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Historical interest rates in the UK, 1979-2017: rise and fall
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 …
Resi mortgage values up in Q3 but new mortgage commitments …
Dec 10, 2024 · The outstanding value of all residential mortgage loans increased by 0.6% from the previous quarter to £1,670.9bn, the highest stock of outstanding mortgage loans since …
Halifax introduces further advance affordability calculator
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 …
TMW announces rate changes across range – Mortgage Strategy
Nov 20, 2024 · The Mortgage Works has confirmed changes to selected rates across its New Business and Existing Customer Switchers product ranges. From 21 November for New …
Budget 2024: Property exempted from Reeves CGT hike
Oct 30, 2024 · The Chancellor Rachel Reeves announced to the Commons in her Budget speech that capital gains tax (CGT) will increase. Reeves confirmed to the House that the lower rate of …
Santander outlines raft of rate changes across range
Nov 11, 2024 · Santander has confirmed that from 12 November it is increasing most of its residential and Buy to Let (BTL) fixed rates across the new business and product transfer …
Santander lowers BTL affordability rates – Mortgage Strategy
Nov 19, 2024 · Santander has made changes to its buy-to-let (BTL) affordability rates, effective 20 November. Rates will be lowered on the lender’s standard affordability rate from 7.31% to …