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19 August 2024 Bank of mum and dad funds...

19 August 2024 Bank of mum and dad funds £9.4bn of home purchases in 2023

The bank of mum and dad funded £9.4bn worth of property purchases in 2023, research from Savills has found. This represents a twofold increase since 2019 which, the estate agency said, indicates a more stringent mortgage market and higher mortgage rates. The report found a total of 164,000 first-time buyers had family assistance in 2023, […]

04 February 2024 Bank of England holds i...

04 February 2024 Bank of England holds interest rates at 5.25%

The Bank of England held interest rates at 5.25 per cent today (February 1) in its first interest rate decision of 2024. It it the fourth month in a row the central bank has decided to keep rates the same. The bank said it will keep interest rates high for long enough to get inflation […]