TODAY the @bankofengland on #Housing and #Mortgages.
- "rates on new mortgages have risen by slightly over 100 basis points"
- "Over the next three years, average monthly payments are expected to rise by approximately £80"
- "53% of UK mortgage holders are expected to see their payments rise"
- "Housing market activity has nevertheless remained subdued."
- "reported increased availability of secured credit to households."
Mortgage rates moving fast — SWAP rates pushing buy-to-let costs higher.
Remortgaging? Old low fixes ending = bigger payments ahead. Buying? Speed matters before products disappear.
Lower competition may help negotiation, but numbers must still work.
#Landlords Urgent Action required before 31 May.
New Renters’ Rights Act Information Sheet MUST be served to every tenant on existing tenancies by 31 May 2026.
More Info: https://t.co/kv4VwwChgS
Bank Rate cut to 3.75% (vote 5–4) — MPC reduced Bank Rate by 0.25 percentage points.
Five members favoured the cut; four preferred to keep Bank Rate at 4% citing risks from persistent inflation and wage pressures
#Landlords A common concern for property investors contemplating a new buy-to-let investment is if they earn enough income. Now you will know the answer! https://t.co/JbENvWXFxr