Tag: Hargreaves Lansdown
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UK Mortgage Troubles Escalate to a Six-Year High
The proportion of mortgages falling into arrears reaching its highest point in six years. According to the Bank of England’s latest report, the proportion of mortgage balances in arrears has increased alarmingly. In the third quarter of this year, this figure rose from 1.02% to 1.14%. This is the highest level witnessed since the second…
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Interest Rates Expected to be Held High Again
A recent survey of financial experts predicts that the Bank of England will maintain the base interest rate at 5.25% – the highest it’s been in 15 years. For context, over the last two years, policymakers at the Bank have increased the interest rate 14 times consecutively. This frequent uptick resulted in substantial mortgage cost…
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Bank of England Rates Predicted to Remain Steady
According to several economists, the Bank of England is predicted to maintain the interest rates at 5.25% in the upcoming week. This decision is set to be confirmed next Thursday. For those new to the terminology, this is often referred to as the ‘base rate’ – the interest rate at which the BoE lends money…
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Mini-Budget Disaster Distorting House Prices
Last year’s mini-budget, introduced by Liz Truss and Kwasi Kwarteng, sent ripples through the property market. It led to a significant surge in mortgage costs, causing an initial hike in house prices to an apex of £291,909 in September, followed by a substantial dip to £282,115 by March. These fluctuations are a testament to the…
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UK Housing Market Facing 50,000 Homes Shortfall
In recent times, the UK housing market has been a hotbed of discussion, especially with property being a significant focus for investors and homeowners alike. The government has made ambitious pledges, and house builders have been under the spotlight to deliver. But as the Mail highlights, it’s evident that we are possibly facing a challenging…
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Landlords Poised for Property Bargains?
In a shifting UK property market, landlords might be poised for their next great opportunity. A new analysis from the Royal Institution of Chartered Surveyors (RICS) suggests that house prices might be on a downward spiral. And while such scenarios could be a cause for concern for many homeowners, it may spell out a boon…
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WeWork Struggles to Stay Afloat
Coworking startup WeWork is facing problems and has “substantial doubt” over whether it can keep going. The Big PictureWeWork, once a superstar in the office rental business, with a valuation of a whopping $47 billion, is currently facing serious financial challenges. They’ve openly expressed doubts about their ability to keep the business running because of…