Base rate is unchanged in December’s review, possibly due to inflation creeping up again in November. The Bank of England has today voted to keep the base rate at 4.75%. While many might have hoped for another rate cut following November’s reduction from 5%, inflation...
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The latest news and information on mortgages, the property market and other financial matters.
UK mortgage market predicted to grow next year
Gross mortgage lending is forecast to rise by 11% as affordability improves, and steady growth is predicted for 2025. UK Finance has recently released its latest housing and mortgage market forecasts, which project continued growth throughout 2025. The forecasts...
Self-employed mortgage market set to rise
The changing face of the workplace means the number of ‘non-standard’ mortgage applications is set to grow by 67% over the next five years. According to new research from specialist lender, Together, lending to self-employed mortgage applicants is set to grow from...
Half the population worried they don’t have enough for retirement
Millions of older people are concerned they don’t have an adequate pension or cash savings to fund their later years. More than one million people over 45 have zero cash savings, according to recent research conducted by not-for-profit organisation Fair4All Finance,...
House prices see the biggest increase this year
The property market is showing encouraging signs of being busy and thriving, according to new figures from Halifax. House prices have gone up by 4.8% annually, compared to 4% last month, according to the lender. Halifax's latest House Price Index, published on 6...
A third of women ‘trapped’ due to lack of financial independence
New findings lift the lid on financial abuse… but there are ways you can regain control of your money. Here’s our top tips for taking care of your finances. Almost one million women in the UK are trapped in a relationship due to a lack of financial independence,...