The number of mortgage approvals made to home buyers jumped in March to the highest level since September 2022, according to Bank of England figures. In an indication of property sales to come, mortgage approvals for house purchases rose from 60,500 in February to 61,300 in March. It was the highest total since more than
Mortgage lenders are hiking rates again. (Bennett Dean) Anxiety has set in among UK mortgage lenders, with rates being hiked left, right and centre, amid uncertainty about how the Bank of England‘s interest rate path will play out. While Barclays hiked its rates for the second time in seven days on Monday, having been the
The British government is reportedly readying legislation for stablecoins and crypto staking, exchange and custody. “We are now working at pace to deliver the legislation to put our final proposals for our regime in place,” said Economic Secretary Bim Afolami, whose comments Monday (April 15) at the Innovate Finance Global Summit were reported by CoinDesk. “Once it goes
Fixed mortgage rates are expected to dip below 4pc within weeks, following lower-than-expected inflation figures and an upbeat outlook from the Bank of England. Experts said lenders were poised to trim five-year mortgage rates as they react to an improving economic picture, easing affordability pressures on borrowers and fuelling optimism among homeowners. The Bank of
Central bankers rarely get an easy ride. They are always doing too much or too little, depending on your outlook. If there’s one man who has escaped that inferno without even a dusting of charcoal, it is Andy Haldane. That’s no mean feat — the former chief economist of the Bank of England spent 32
Leading figures in the financial sector are shunning Davos this year, as the World Economic Forum fights to compete with a growing number of rival conferences around the world. Bank of England governor Andrew Bailey, Dame Anne Richards of Fidelity International, John Studzinski of Pimco and Hendrik du Toit of Ninety One have all opted