{"id":140695,"date":"2023-12-14T20:38:18","date_gmt":"2023-12-14T13:38:18","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-uks-interest-rate-freeze-means-for-mortgage-borrowers\/"},"modified":"2023-12-14T20:48:40","modified_gmt":"2023-12-14T13:48:40","slug":"what-uks-interest-rate-freeze-means-for-mortgage-borrowers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-uks-interest-rate-freeze-means-for-mortgage-borrowers\/","title":{"rendered":"What UK\u2019s interest rate freeze means for mortgage borrowers"},"content":{"rendered":"


\nHome loans could be unlikely to fall by much in short term as Bank of England keeps fighting inflationMortgage borrowers will be able to breathe a sigh of relief after Thursday\u2019s announcement that the Bank of England has decided to hold rates at 5.25% \u2013 but amid the good news was a hint that the cost of home loans may not fall much further.The Bank\u2019s decision to hold rates was no surprise to the money markets, which are anticipating cuts next year. The consensus is that the base rate will fall to 4% in the next 12 months, but before today\u2019s announcement some economists suggested it could drop to as low as 3.75%. Continue reading…
\n
\nSource : theguardian.com
\nRead more…What UK\u2019s interest rate freeze means for mortgage borrowers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Home loans could be unlikely to fall by much in short term as Bank of...<\/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-140695","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-ABh","jetpack-related-posts":[{"id":80977,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-rate-rise-of-1-would-cost-average-uk-homeowner-930-a-year\/","url_meta":{"origin":140695,"position":0},"title":"Interest rate rise of 1% would cost average UK homeowner \u00a3930 a year","date":"February 26, 2018","format":false,"excerpt":"\r A Bank of England rate change would add \u00a310bn to UK mortgage bill, Savills saysA 1% rise in interest rates would add around \u00a310bn to the UK\u2019s mortgage bill, according to analysis from estate agent Savills. The increase would equate to adding \u00a3930 a year to the cost of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":133016,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-england-interest-rate-rise-what-it-means-for-borrowers-and-savers\/","url_meta":{"origin":140695,"position":1},"title":"Bank of England interest rate rise \u2013 what it means for borrowers and savers","date":"December 15, 2022","format":false,"excerpt":"\r Rate rise to 3.5% affects everything from mortgages to credit cards, loans and savings. Here is all you need to knowAnalysis: UK borrowers face a serious reality checkNews story: interest rates rise to 3.5%The Bank of England has once again raised interest rates \u2013 this time by 0.5 percentage\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139275,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-uk-mortgage-interest-rates-fall-should-you-choose-a-two-year-or-five-year-fix\/","url_meta":{"origin":140695,"position":2},"title":"As UK mortgage interest rates fall, should you choose a two-year or five-year fix?","date":"September 22, 2023","format":false,"excerpt":"\r Bank of England halts run of base rate rises but borrowers still have much to ponderThis week\u2019s decision by the Bank of England to hold the base rate at 5.25% after 14 back-to-back rises has left borrowers sighing with relief. It was a close-run thing, with almost half of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125245,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-does-uk-interest-rate-rise-mean-for-savers-and-borrowers\/","url_meta":{"origin":140695,"position":3},"title":"What does UK interest rate rise mean for savers and borrowers?","date":"March 17, 2022","format":false,"excerpt":"\r Mortgage holders, house hunters and savers will be affected by the Bank of England raising rate to 0.75%The Bank of England has increased interest rates to 0.75% in an attempt to tackle rising inflation in the UK. That means the base rate is back to its pre-pandemic level. What\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21979,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lenders-urged-to-pass-on-interest-rate-cut-to-borrowers\/","url_meta":{"origin":140695,"position":4},"title":"Lenders urged to pass on interest rate cut to borrowers","date":"August 4, 2016","format":false,"excerpt":"\r Bailed-out banks NatWest and Lloyds appear reticent to cut SVR rates despite warning from Bank of England governor Mark CarneyLenders have been told that they have \u201cno excuse\u201d not to pass on the Bank of England\u2019s base rate cut to borrowers \u2013 although the two bailed-out banks said they\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6992,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-rates-continue-to-fall\/","url_meta":{"origin":140695,"position":5},"title":"Mortgage rates continue to fall","date":"March 6, 2016","format":false,"excerpt":"\r Borrowers still benefit from Bank of England cutting base rate to 0.5%Seven years of record low interest rates may have hammered savers, but borrowers are continuing to benefit.Yesterday marked the seventh anniversary of the Bank of England slashing interest rates to their current 0.5% historic low. And while the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/140695"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=140695"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/140695\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=140695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=140695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=140695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}