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News Archive for 2023

Homes for Ukraine Scheme - decision time

The National Audit Office says the government will soon have to take hard decisions on the future for the Homes For Ukraine scheme. It's on record that by end of July 2023, the Home Office had processed over 182,000 visa applications from Ukrainians, of which 77 per cent were processed within 15 working days, though rates have slowed for more recent applicants. It was also recorded that as at the end of September 2023, the government had ...

Lenders set to cut mortgage rates as choice rises

Though the Bank of England is expected to increase base rates by another quarter point in the coming weeks, but investors are split on whether there will be one further rate rise before the end of the year.

However, since Andrew Bailey came out with his comments recently, swap rates [used by banks price mortgage deals] are down a little bit. Last week, Bailey told MPs that interest rates, which currently stand at 5.25% after 14 ...

Mortgage Property News

Introduction: In the ever-evolving landscape of the UK housing market, mortgage rates remain a critical factor influencing the dreams of homeownership and property investment. The intricacies of these rates are woven into the tapestry of economic dynamics, including inflation, central bank policies, and market sentiment. However, as the world has seen, economic conditions can change rapidly. While this article provides insights based on ...