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...
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 […]
