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Historical interest rates in the UK, 1979-2017: rise and fall
2018年3月29日 · 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.
Budget 2024: OBR lifts forecast for mortgage rates and house prices
2024年10月30日 · 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
Mortgage industry predictions for 2025 – Mortgage Strategy
2024年12月23日 · As the market closes on a somewhat turbulent year, there is cautious optimism within the industry for 2025. The Intermediary Mortgage Lenders Association (IMLA) has predicted that 2025 will see healthy lending growth, greater intermediary business and more remortgaging. In its latest report the association expects
Budget 2024: Stamp duty on second homes rises to 5%
2024年10月30日 · 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
Goldman Sachs upgrades Bank rate forecast to hit 2.75% by …
2024年10月21日 · The Bank of England is about to begin a series of rate cuts that will lead the base rate to hit 2.75% next November, according to Goldman Sachs. The forecast is an upgrade by the US investment bank, which last month said the UK central bank would settle at a 3% interest rate by September 2025. It says that “rapidly
Mortgage lending set to rise 11% in 2025: UK Finance
2024年12月16日 · Mortgage lending will grow by 11% next year to reach £260bn driven in part by a large increase in remortgaging, UK Finance forecasts. The banking trade body expects gross lending for 2024 to be £235bn when the final numbers are counted, marking an increase of 4% on last year’s total. Within the full-year estimates
TMW announces rate changes across range – Mortgage Strategy
2024年11月20日 · The Mortgage Works has confirmed changes to selected rates across its New Business and Existing Customer Switchers product ranges. From 21 November for New Business there are a combination of rate increases and rate cuts. These include: TMW’s buy to let two year fixed 65% LTV with no application fee has increased to
Halifax Intermediaries cuts rates by up to 33bps
2024年7月31日 · Halifax Intermediaries has made rate reductions across various product ranges by up to 33 basis points, effective 1 August. Remortgage products will see complete by and end dates extended as well as lowered rates. The 80% loan-to-value (LTV) five-year fixed rate has been reduced from 5.25% to 4.93% while the 80% LTV
HSBC debuts high earner product, cuts resi rates
2025年1月10日 · HSBC will introduce a new fixed-rate product for high earners and launch a range of residential rate cuts on Monday. The high street bank will debut a two-year premier exclusive range with a £999 fee for most residential, purchase, remortgage and existing customers, The announcement came in a note to brokers without