Path of interest rates
31st July 2023
Recent rapid rises in interest rates have left borrowers wondering where this will end. The current Bank Rate is 5%.
In the short term there are expected to be further interest rate rises. The consensus of forecasts average at 5.6% for the end of this year. Over the longer term the Bank Rate is expected to come down: forecast to be below 3% again in 2026 and 2027.
The steepness of the increase is comparable with the sharp drop as the economy entered the Global Financial Crisis.
June inflation data had tentative evidence of improvement which could help improve the long term interest rate outlook.
Source: Dataloft, Bank of England
Employee of the Month – April 2024
9th April 2024
Our Employee of the Month for April 2024 is one of our Maintenance Administrators – Maddie Breed! Maddie has been…
Sales Blossom in Spring
9th April 2024
In the past five years (excluding 2020 due to Covid), springtime bloomed with 27% of home sales, the highest proportion…
Spring budget 2024
7th March 2024
The Spring Budget this year felt very much like a keep calm and carry on budget for the housing market….