News
UK inflation holds at 2. 8% as transport costs offset easing food prices
2+ hour, 23+ min ago (1317+ words) UK inflation remained unchanged at 2. 8% in May, with rising transport costs offset by lower food inflation, reinforcing expectations that the Bank of England will leave interest rates unchanged this week. UK inflation remained unchanged at 2. 8% in the 12 months to May,…...
Easing Middle East tensions raise hopes of lower inflation and stable interest rates
2+ day, 2+ hour ago (547+ words) Falling oil and gas prices following a reported agreement involving Iran, the US and Israel have fuelled expectations that inflationary pressures could ease, reducing the likelihood of further interest rate rises. Financial markets rallied after reports of a more durable…...
Detached home deposits could top "69, 000 within a decade, research finds
5+ day, 1+ hour ago (432+ words) Sell House Fast analysed long-term housing market trends and projected house prices. The average deposit required to buy a detached home could exceed "69, 000 within a decade, according to research from Sell House Fast. The property company analysed long-term housing market…...
IMLA publishes guide to help advisers explain mortgage rate changes
5+ day, 2+ min ago (351+ words) The Intermediary Mortgage Lenders Association (IMLA) published a report and a five-minute guide to help mortgage advisers explain why fixed-rate mortgage prices change and products disappear." The report showed the impact of swap rates in early 2026, when conflict involving the…...
UK economy slips into contraction as GDP falls 0. 1% in April
5+ day, 2+ hour ago (487+ words) UK GDP contracted by 0. 1% in April as rising energy costs and global uncertainty weighed on economic activity, although quarterly growth remained positive at 0. 7%. The UK economy contracted by 0. 1% in April, according to the latest figures from the Office for National…...
NACFB Expo: HSBC predicts two base rate rises before end of 2026
6+ day, 22+ hour ago (311+ words) Emma Wilks noted that while Q1 2026 saw some economic improvement, this was "deja vu for us economists." Speaking at the NACFB Expo today (10th June 2026), Emma Wilks, UK economist at HSBC, predicted that the Bank of England would likely hike the base…...
Nationwide cuts switcher mortgage rates for existing customers - The Intermediary - Latest UK mortgage news
1+ week, 19+ hour ago (256+ words) Nationwide is cutting switcher mortgage rates for existing customers by up to 0. 12%. The new rates apply to 2-, 5- and 10-year fixed products and will be available from tomorrow, 10th June." Switcher rates start from 4. 56% and are aimed at customers coming to the…...
Mortgage searches down 15% year-on-year as borrowers take cautious approach " Twenty7tec
1+ week, 4+ day ago (331+ words) Total mortgage searches were down 7% compared with April and 15% lower than May 2025. Mortgage searches fell by 15% year-on-year (Yo Y) in May, with borrowers taking a more cautious approach, according to data from Twenty7tec. The latest Mortgage Market Snapshot showed total mortgage searches…...
Borrowers shift to shorter-term fixed mortgages amid rising rates, finds Moneyfacts
1+ week, 5+ day ago (491+ words) The share of users comparing 2-year fixed-rate mortgages increased from 48. 4% in February to 55. 6% in May." Demand for 5-year fixed deals dropped from 27. 7% to 21. 8% and searches for 10-year fixed-rate mortgages eased from 6. 5% to 4. 5%. The average 5-year fixed mortgage rate was 5. 68% in…...
Pepper Money cuts mortgage rates and launches new affordability-focused fix
1+ week, 5+ day ago (361+ words) Pepper Money has cut rates across its residential and buy-to-let (BTL) ranges and launched a limited edition 2-year fixed product to give brokers more options on affordability." The lender reduced rates by up to 0. 80% on Pepper 48 and Pepper 48 Light 2-year…...