Articles
Mortgage rate cuts despite economic fears
Several mortgage providers have announced cuts to mortgage interest rates, including HSBC, NatWest, TSB and Metro Bank. This aligns with the BBC recently reporting data that the average two-year fixed mortgage rate has dropped from 5.93% at the start of the year to 5.62% today.
Inflation falls to 3.9%: Will interest rates be cut?
If you’re a homeowner paying a mortgage, the latest data from the Office for National Statistics (ONS) should encourage you into action. We’ve outlined the key facts and what you need to know.
Bank of England boss has economic concerns
The Governor of the Bank of England (BoE), Andrew Bailey, has sounded the alarm on the UK’s economic growth outlook. He believes the potential for the UK to experience economic growth in the near future is lower than it has been across much of his working life, also citing that interest rates are unlikely to come down any time soon.
What the Autumn Statement means for you and your money
Chancellor Jeremy Hunt has made his Autumn Statement, which will affect – to some degree - the personal finances and economic prospects of everyone across the nation. We’ve cherry-picked some of the most notable inclusions from the Autumn Statement and explained what this could mean for you. All information below is collated from the government’s official announcement.
Inflation Down to 4.6%
The UK’s rate of inflation for October was recorded as 4.6%, which is the slowest rate of inflation for around two years1. It is a significant drop from the 6.7% reading from the previous month and is a sign that inflation is closer to being under control.
