{"id":130406,"date":"2022-10-01T13:00:02","date_gmt":"2022-10-01T06:00:02","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-financial-chaos-a-survival-guide-for-your-mortgage-savings-and-energy\/"},"modified":"2022-10-01T13:20:50","modified_gmt":"2022-10-01T06:20:50","slug":"uk-financial-chaos-a-survival-guide-for-your-mortgage-savings-and-energy","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-financial-chaos-a-survival-guide-for-your-mortgage-savings-and-energy\/","title":{"rendered":"UK financial chaos: a survival guide for your mortgage, savings and energy"},"content":{"rendered":"


\nThe pound dived and stock markets tumbled after the mini-budget \u2013 here\u2019s what you need to knowThe financial rollercoaster we\u2019ve all been riding for a while took another lurching turn this week after the fallout from Kwasi Kwarteng\u2019s mini-budget continued to cause chaos.Mortgage deals evaporated and were in many cases dramatically repriced upwards, throwing borrowers\u2019 plans into disarray. Stock markets tumbled and the pound tanked, while homeowners and borrowers were warned to brace themselves for a sharp rise in interest rates, and some analysts claimed house prices could fall by as much as 20%. Continue reading…
\n
\nSource : theguardian.com
\nRead more…UK financial chaos: a survival guide for your mortgage, savings and energy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The pound dived and stock markets tumbled after the mini-budget \u2013 here\u2019s what you need...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-130406","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-xVk","jetpack-related-posts":[{"id":130004,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgages-next-10-days-crucial-in-how-much-rates-rise\/","url_meta":{"origin":130406,"position":0},"title":"UK mortgages: \u2018next 10 days crucial\u2019 in how much rates rise","date":"September 27, 2022","format":false,"excerpt":"\r Building society chief responds as stock market falls and pound slides after Kwarteng\u2019s mini-budgetMortgage rates in the UK will rise further in coming days, and the next 10 days in financial markets will be crucial in determining how high they will go, according to the head of Principality building\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131868,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-post-biggest-fall-since-2020-after-mini-budget-chaos-business-live\/","url_meta":{"origin":130406,"position":1},"title":"UK house prices post biggest fall since 2020 after mini-budget chaos \u2013 business live","date":"December 1, 2022","format":false,"excerpt":"\r Average UK house prices fell 1.4% in November, as \u201cthe fallout from the mini-budget continued to impact the market,\u201d says NationwidePotential buyers are now haggling house price down, reports north London estate agent Jeremy Leaf. \u2018Prices are softening but could have fallen further were it not for those two\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130046,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-may-fall-20-amid-mortgage-carnage-warn-experts\/","url_meta":{"origin":130406,"position":2},"title":"UK house prices may fall 20% amid mortgage \u2018carnage\u2019, warn experts","date":"September 29, 2022","format":false,"excerpt":"\r Lack of supply will prevent crash, say some, while others predict \u2018simple maths\u2019 mean property price bubble poised to burstAll the day\u2019s political developments \u2013 liveTurmoil on the UK\u2019s financial markets has prompted analysts to predict that house prices could fall by as much as 20% amid \u201ccarnage\u201d in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131745,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-uk-five-year-mortgage-rate-less-than-6-for-first-time-in-seven-weeks\/","url_meta":{"origin":130406,"position":3},"title":"Average UK five-year mortgage rate less than 6% for first time in seven weeks","date":"November 22, 2022","format":false,"excerpt":"\r Fixed interest rate deals starting to drop and could \u2018fall further still\u2019, says MoneyfactsThe average rate on a five-year mortgage deal has dropped below 6% for the first time since the disastrous mini-budget two months ago that ended up costing Kwasi Kwarteng his job as chancellor.Moneyfacts, a financial data\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130453,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgages-average-rate-on-a-two-year-fixed-deal-soars-to-nearly-6\/","url_meta":{"origin":130406,"position":4},"title":"UK mortgages: average rate on a two-year fixed deal soars to nearly 6%","date":"October 4, 2022","format":false,"excerpt":"\r Government\u2019s 45p tax U-turn and calmer stock markets do not result in cheaper new mortgage dealsThe average rate on a two-year fixed mortgage has jumped to just under 6%, according to data released on Tuesday, dashing hopes that government efforts to calm the financial markets might ease the cost\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138572,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-approvals-rise-despite-surge-in-borrowing-rates\/","url_meta":{"origin":130406,"position":5},"title":"UK mortgage approvals rise despite surge in borrowing rates","date":"July 31, 2023","format":false,"excerpt":"\r Surprise jump in demand for home loans as borrowers \u2018scramble\u2019 to get ahead of interest rate increasesAnalysis \u2013 mortgage rates show sign of easingBusiness live \u2013 latest updatesMortgage approvals in the UK rose to their highest level since October 2022 last month amid signs of a scramble to secure\u2026","rel":"","context":"In "Property 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