Real estate news

• ‘It’s a bloodbath’: the UK homeowners on variable rate mortgages

  03-08-2023 06:00
  
  As the cost of borrowing rises again, we speak to some of the 1.4m people on variable rates dreading the effectsFull story: Bank warns rates will remain high for at least two yearsAnalysis: tough-talking Bank raises rates and a few eyebrowsExplainer: interest rate rise: what it means for you“It’s a bloodbath, that’s the way I’d like to describe it,” says John*, a father of two struggling with the ever-increasing interest rate on his home loan.He is one of the 1.4 mi
  
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• ‘It’s a bloodbath’: the UK homeowners on variable mortgages fearing another rate rise

  03-08-2023 06:00
  
  With the cost of borrowing likely to rise again, we speak to some of the 1.4m people on variable rates dreading the latest decisionBank of England poised to raise UK interest rates to 5.25%“It’s a bloodbath, that’s the way I’d like to describe it,” says John*, a father of two struggling with the ever-increasing interest rate on his home loan.He is one of the 1.4 million people in the UK on a variable rate residential mortgage, who have watched the monthly payments s
  
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• Bank of England poised to raise UK interest rates to 5.25%

  03-08-2023 06:00
  
  Fears remain over stubborn inflation but slowing economy likely to fuel more cautious approach from rate-setters, say analysts‘It’s a bloodbath’: UK homeowners on variable mortgagesThe Bank of England is poised to push interest rates to 5.25% on Thursday as it tries to bring down inflation with a 14th consecutive increase in the cost of borrowing.Amid government concerns that cost of living pressures are proving persistent, the Bank is likely to push rates up by 0.25 percentage
  
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