Following a sustained period of record high interest rates, the Bank of England have voted by a majority of five-to-four to reduce the base rate of interest from 5.25% to 5% – the first drop since the start of the COVID-19 pandemic in March 2020. The decision from the BoE […]
The previous year will go down as one of the most unique on record for the property market, claims David Hannah, Group Chairman of Cornerstone Tax, the UK’s leading property tax advisory. 2023 has been a year defined by extremes, the fall-out from the Bank of England’s (BoE) fourteen consecutive […]
After much speculation over the last few weeks, the Governers of the Bank of England have voted to raise interest rates in the UK by 0.75% from 2.25% to 3% – the highest one day rise in 30 years, but what does this mean for you? Giles Coghlan, Chief Market […]
Whether you’re on a fixed rate mortgage, or a tracker or variable rate deal, there’s a lot to be concerned about right now. When the Bank of England increases its base rate, mortgage rates follow suit. If you don’t remortgage when a fixed deal concludes, your interest rate converts to […]
The Bank of England (BoE) today raised interest rates by 0.5% to 2.25%, the highest levels since 2008. In addition to this, the government is likely to cut stamp duty in an announcement tomorrow, in another shake-up to the housing market. In a decade defined by soaring inflation and an energy […]
In the wake of base rate increases, a silver lining has been created for UK landlords as interest rates plummet in the slow and volatile buy-to-let market. When it comes to tax reforms, it tends to be all doom and gloom for both investors and landlords alike, and it usually […]
Will the New Year bring renewed optimism for Britain’s beleaguered landlords? Landlords faced a wave of change during 2017, but despite a number of high and low points, buy to let continued to deliver competitive returns. So what does 2018 have in store? Andrew Turner, chief executive at Commercial Trust […]
For the first time in more than 10 years, the Bank of England has raised interest rates. What does this mean for buy-to-let? Can landlords mitigate the interest rate hike? Is now the time to remortgage? Portico London estate agents ask finance experts, Capricorn Financial, for their advice, plus their […]
Today’s announcement by the Bank of England that interest rates will rise from 0.25 to 0.5% has not come as a surprise, but marks a significant change in direction following almost a decade of record low interest rates. First Time Buyers who have purchased a property in the past 10 […]
The UK Government has announced its intentions to reform the home-buying process by addressing practices like gazumping. At the same time, with interest rates set to rise for the first time in a decade to 0.5%, industry bodies are also calling for the Government to scrap Stamp Duty in next […]
