interest rate

Mortgage Broker John Charcol claim variable rate mortgages are still a better deal for consumers, despite expecting another rate rise before the end of the year.

Interest rate rises caught the UK's fifth largest mortgage lender, Northern Rock, on the back foot and profits have suffered as a result.

A considerable number of homeowners are being forced to sell their homes due to interest rate rises making their mortgages unaffordable, according to repossession litigations specialists, Moore Blatch.

Building societies have been hit hard by recent interest rate rises and have seen a decline in lending in June 2007 compared with the same period last year, according to the British Association of Estate Agents.

Minutes from the Monetary Policy Committee's monthly meeting, released today, show that Bank of England policymakers voted 6-3 to increase interest rates.

The Assetz House Price Watch, an aggregate of five major UK house price indicies, has found that the average annual rate of house price growth reached 11% in June.

Leeds Building Society has launched a 3-year fixed rate mortgage with a rate below the current Bank of England base rate of 5.75%.

Demand for re-mortgages on overseas property has increased by 30% since the Bank of England raised interest rates in May, and is set to accelerate, according to Assetz.

More than two-thirds of all first time buyers have paid, or will be liable to pay, Stamp Duty, according to Bradford & Bingley.

Almost half a million homeowners missed a monthly mortgage payment in the last six months, according to MoneyExpert.com.