Why the Bank of England’s interest rate hikes aren’t slowing inflation enough and what that means for mortgages: Consumer price inflation stuck at 8.7% in May, defying expectations of a slowdown and making a further rise in UK interest rates inevitable. The May figures came out the day before the Bank of England’s Monetary Policy …
Inflation: why prices look likely to stay high in the UK and Ireland, and what that means for mortgages: Counting the cost of rising prices. Drazen Zigic/Shutterstock The European Central Bank (ECB) has raised its three key interest rates by 0.25% to their highest levels in more than 20 years. The ECB’s “main refinancing rate” …
How leaseholds bought at cost, with mortgages, are still tenancies – and why that should change: The UK government has promised to ban new houses being sold as leaseholds. K303 | Shutterstock Long leasehold is a prominent feature of the property market in England and in Wales. Homes owned under leasehold in each country number …