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Interest Rates drop to 4.5%

The Bank of England voted to reduce the base rate From 4.75% to 4.5% today, great news, or is it? Perhaps not!

Interest rates held at 4.75%

There was hope that interest rates would be reduced at the last meeting of the year, but it wasn't.

Interest rate drops to 4.75%

The Bank of England Monetary Policy Committee voted to reduce interest rates again today, but that may be the last this year.

Can't afford to repay interest only mortgage

For many who purchased a house with an interest-only mortgage, particularly those that did so many years ago, in fact up to 25 years ago the time may have arrived when the mortgage is due to be repaid. That is exactly what is approaching for one visitor to the site who is going to be unable to repay and have the desired outcome that was originally promised.

Interest Rates Held again at 5.25%

Interest rates have been held at 5.25% again; this is the 5th time rates have been steady at this level, having peaked in August 2023. There may be some good news on the horizon though.

How far will interest rates fall in 2024?

It's the question everyone is asking. Assuming interest rates will come down, how far will they drop? It depends on who you ask or whose opinion you value.

Interest Rate held at 5.25%

Interest rates have once again been held at 5.25%.

Interest Rates Fall to 5%

In a surprising move the Bank of England has reduced interest rates by 0.25% in a pretty close vote.

Interest held again at 5.25%

And interest rates are held yet again at 5.25%, not what I was expecting at all!

Bank of England Governor expects interest to fall

Andrew Bailey, the Governor of the Bank of England, has suggested he expects interest rates to fall but is not so open to suggesting when. However, let's take it as good news.

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