See our regularly updated article on the market's latest predictions -moneytothemasses.com/owning-a...
---------------------------------------------------------------------------
On 20th June 2024 the Bank of England (BOE) kept the base rate at 5.25%, its highest level in 15 years.
The BOE has raised the base rate 14 times since December 2021 in an attempt to reduce the UK's annual inflation rate, which has now fallen to 2%, down from a high of 11.1%. This means that inflation is now at the target rate of 2%, although the BOE does expect it to increase slightly in the autumn.The BOE has stated that it will not hesitate to raise interest rates further if inflation proves persistent.
In this video, I reveal the market’s latest predictions on where the Bank of England base rate is likely to be over the next 5 years and then also reveal the latest best mortgage rates available in the UK.
00:00 - Interest rates - Latest market predictions
02:34 - Best Mortgage Deals
Check out our article, "Remortgaging in 2024 - is now the right time to fix & for how long?" - moneytothemasses.com/owning-a...
Use our Mortgage Repayment Calculator to quickly calculate the impact of an interest rate rise on your mortgage payments
moneytothemasses.com/mortgage...
Check out our article to find the best mortgage rates in the UK - moneytothemasses.com/owning-a...
More information can be found in our article moneytothemasses.com/owning-a...
If you don't already have a mortgage broker, then you may want to check out our article "VouchedFor Review: How to find a financial adviser" - moneytothemasses.com/saving-f...
---------------------------------------------------------------------------
Since 2010 Money to the Masses has been helping people with their personal finances for FREE. Money to the Masses is one of the UK’s leading independent personal finance websites specialising in all aspects of financial planning including investments, pensions, property, insurance, mortgages, budgeting and saving. We bring together expertly written content, interactive tools and technology to help over 4 million people a year across our platform.
If you are looking to get your finances in shape then check out Damien's FREE Money MOT at mot.moneytothemasses.com/
---------------------------------------------------------------------------
Follow Money to the Masses on social media:
Website - moneytothemasses.com/
Facebook - / moneytothemasses
Instagram - / moneytothemasses
Twitter - / money2themasses
#interestrates #remortgage #houseprices
27 июл 2024
