UK House Prices Experience Sharpest Annual Drop in 14 Years In a significant blow to the UK housing market, house prices have suffered their sharpest annual drop in 14 years. Data released by Halifax, Britain’s biggest mortgage lender, revealed that prices fell by 4.6% in August, marking the largest year-on-year decrease since 2009. The decline […]
Bank of England Raises Interest Rates, Impacting Mortgage Holders and Savers Introduction The Bank of England has recently announced its 13th consecutive interest rate increase since December 2021, taking the base rate to 5%. This hike will have a direct impact on homeowners and savers across the UK. While this move is aimed at curbing […]
