The TelegraphLondoners now spend half of their income on their mortgagesThe Telegraph - Alexa PhillipsHomeowners in London and the South East are spending nearly half of their income on mortgage repayments, according to Britain’s biggest lender. Their spending on servicing their home loans has risen from 42pc of income in the second quarter of last year ago to 49pc in the same period this year, …
The TelegraphNS&I boosts ‘green’ savings bonds to almost 6pcThe Telegraph - Madeleine RossThe nation’s favourite savings organisation has increased the rate it pays on a popular account by 36pc in an effort to offer better rates to green-minded customers. Savers can now earn a market-leading 5.7pc on National Savings & Investments’ Green Savings Bonds over a three-year term, compared …
The TelegraphProperty sales plunge as mortgage rates hit ‘devilish’ 6.6pcThe Telegraph - Eir NolsøeJames Fitzgerald,House sales have started to drop across the country as mortgage rates hit 15-year highs. There were just 43,209 house transactions in February, 45pc less than in December 2021, and 37pc lower than the same month last year, according to data from the House Buyer Bureau. Since the Bank started hiking …
The TelegraphHow much inflation is costing you – and what you should do about itThe Telegraph - Alexa PhillipsThe rate of inflation has fallen to 3.9pc in November, and it can finally be beaten by a number of normal savings accounts. However, time could be running out to secure one of these high rates, as rates appear to have peaked. Where one-year rates once topped 6pc, the top rate is now 5.66pc. What’s …
The TelegraphHow much could your mortgage go up? Use our calculatorThe Telegraph - Alexa PhillipsBen ButcherInterest rates seem to have finally peaked, as the Bank of England chose to hold the Bank Rate at 5.25pc again following its most recent Monetary Policy Committee meeting. This is far lower than gloomier outlooks seen earlier this year, which predicted the Bank Rate to exceed 6pc. Lenders have …
The TelegraphMortgage rates expected to dive – when to ditch your tracker for a fixed dealThe Telegraph - Danielle Richardson,After a tumultuous year, there are signs of hope for mortgage borrowers as November’s inflation figures dipped to 3.9pc – with mortgage rates expected to fall further as a result. Several major lenders have already cut rates ahead of last week’s Bank Rate decision – as banks correctly guessed the …