Bank of England “stuck in between a rock and a hard place”
The Bank of England is currently in a no-win situation where it’s forced to decide between sky-high inflation and shrinking economic activity.
Investment Mortgages & Property Finance News
Whether you are an existing landlord or want to Buy-to-let, whether you are a property developer or looking for your first investment project – the latest investment mortgages & property finance news and stories from around the UK brought to you by Property Investor Post are an essential daily read.
The mortgage cost of the latest base rate rise
People on variable rate mortgages need to tighten their belts another notch with today’s increase adding to their costs, analysis from Hargreaves Lansdown shows.
Bank of England hikes base rate by 0.5%
The Bank of England has increased the base rate by 0.5% – the biggest increase seen in 27 years.
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‘Cowboy Builder’ complaints rising – tips on not being caught out
A total of 43,359 people in England were scammed by Cowboy Builders in 2021.
Global house prices slowing down
House price growth has fallen across Prime cities, dropping from 10.0%% in the first quarter of 2022 to 7.5% in Q2, as the post-pandemic surge begins to run out of steam.
Hampshire Trust Bank increases max buy-to-let loan size to £25m
Hampshire Trust Bank has increased its maximum loan amount from £15 million to £25 million, effectively opening up the lender’s products to more wealthy individuals.
Monthly mortgage costs climb considerably in 2022
Rising interest rates mean UK homebuyers have seen a £71.50 increase in the monthly cost of their mortgage so far in 2022 alone, analysis from Revolution Brokers has found.
Loosening Bank of England stress tests “poor timing”
The Bank of England’s decision to scrap its mortgage stress test has been branded “poor timing” as the Bank steadily increases the base rate.
House price growth surges to 11%
Yearly house price growth rose to 11% in the year to July, bringing typical prices up to £271,209.
Zoopla: Fears of a market crash are unfounded
Zoopla has called fears of a market crash and double-digit house price falls “unwarranted”.
