Profound Unpredictability of Interest Rates
Profound unpredictability of interest rates In June, the Bank of England increased interest rates for the 13th consecutive time to bring inflation back to its target rate of 2%. Currently, the base rate of interest is set at 5%. Meanwhile, UK inflation has declined from its peak of 11.1% in 2022 to 8.7% in […]
The Challenges Homeowners Face | Due To Extraordinary Rate Rises
The challenges homeowners face Shortly after our publication of “Secure A Remortgage – During Unprecedented Times” post, according to data from Moneyfacts, the average 2-year fixed rate in the UK rose to 6.66% on Tuesday, surpassing the previous rate of 6.63%. This marks the highest level since the global financial crisis, reaching a peak […]