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Viewing entries tagged with 'property market uk'
After August's interest rate rise, things were back to normal in September when the Bank of England kept things on hold. And despite the increase in inflation from 2.5% to 2.7%, rates are not expected to rise again until next year.
Last week, the Bank of England announced it was raising its base rate from 0.5% up to 0.75%. This is only the second base rate rise in a decade, and financial advisors are busy calculating the impact it’s going to have on mortgages, savings and the property market.