Bank of England Expected to Lower Interest Rates to 4.75%
Posted on Tuesday, 5 November, 2024
Experts anticipate that interest rates will be cut, despite Rachel Reeves’s October Budget likely adding to inflation. The Bank of England’s Monetary Policy Committee (MPC) is expected to reduce the interest rate from 5% to 4.75% this Thursday. The Bank had previously lowered rates from a 16-year high of 5.25%…
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“Impact of the Recent Budget on the Housing Market: Key Changes and Financial Pressures”
Posted on Monday, 4 November, 2024
The recent Budget has had a notable impact on the housing market, particularly for landlords and potential homebuyers. Here are some key changes and their effects: In summary, the Budget introduced cost increases for buy-to-let investors without providing substantial reliefs for buyers, potentially leading to increased rent prices, limited supply…
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Property Sector Responds to Stamp Duty Hike on Second Properties
Posted on Monday, 4 November, 2024
The residential property sector is grappling with the news of a 2% increase in Stamp Duty on buy-to-let properties, effective immediately. Chancellor Rachel Reeves announced this increase, raising the tax on investment properties from 3% to 5% in the recent Budget. This change is expected to heavily impact landlords, though…
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Bank of England Governor Hints at Potential Interest Rate Cuts if Inflation Remains Stable
Posted on Saturday, 5 October, 2024
Bank of England Governor Andrew Bailey has signalled that further interest rate cuts could be on the table, provided inflation stays under control. Bailey indicated that the Bank might adopt a “somewhat more aggressive” approach to the base interest rate in the coming months. In an interview with The Guardian,…
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