Page 3 - Rate Deal News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Rate deal. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Rate Deal Today - Breaking & Trending Today
Rate deal will hit 6 point 25 per cent later this year. the bank of england is expected to raise interest rates again next week. the government is delaying its planned ban on two for one junk food deals for another two years due to the cost of living crisis. the policy which is part of the anti obesity strategy had already been delayed until later this year, it s now been pushed back to october 2025. borisjohnson has committed a clear breach of the ministerial code by not clearing a new role writing a column for the daily mail with the parliamentary authorities. it comesjust days after the former prime minister was found to have deliberately misled parliament about gatherings in downing street during lockdowns. 0ur political correspondent, charlotte rose, joins us now. good morning to you. rules and whether or not they have been broken and this is a conversation around borisjohnson? this and this is a conversation around boris johnson? and this is a conversation around boris joh ....
Have continued to rise in cost with the average two year fixed rate deal now 35 pounds more expensive than a few weeks ago. inflation has remained higher than predicted, and many lenders are expecting another increase in the bank of england s interest rate. our economics editor faisal islam has the details. up up untila up until a fortnight or go mortgage rates were settling as a go mortgage rates were settling as a go mortgage rates were settling as a go mortgage rates were settling as the pekin bank of interest was widely assumed to be here after 12 rate rises. that last set of figures on the rate of price increases showed inflation below 10% for the first time since last autumn. but it s the underlying rate of inflation across the economy and yellow hair, core inflation which strips out direct energy and food cost actually went out. this is what the bank of england is most concerned about when it decides interest rates for the a fortnight ago mortgage company started to assume two ....
Has their own personal do you say to them? i think everyone has their own personal circumstances and reasons for wanting to buy a house or move home so it s important for those people to get advice and find out what their situation is so they can make an informed decision about whether to buy a property. bind about whether to buy a property. and when ou about whether to buy a property. and when you are talking to people, particularly those who might be in the process of renegotiating, are you having some difficult conversations at the moment? i think it s fair to say conversations at the moment? i think it s fair to say rates conversations at the moment? i think it s fair to say rates have it s fair to say rates have increased for those coming to the end of a fixed rate deal, so now more than ever it s really important to find out what the best deal for that person might be. to limit the increase extra cost. increase extra cost. what do you exect to increase extra cost. what d ....
Of the mortgages on offer. if we look at the grass, what has happened, if you took out a fixed rate at the start of december, then you are looking at two to 3% interest rate, and that rose consistently over the following months, as the bank of england revised those rates, so that is over the course of months. the second column we see is the day of the mini budget, and as we can see, the two weeks after that, a new fixed rate deal has got more expensive, really jumped up, a two yearfixed rate deal over 6% interest rate for the first time for 14 years, so we are going back to the financial crisis, and then a five year deal over 6% for the first time for 12 years, and clearly the difference between back in december, if you took out a fixed deal then with now, could be hundreds of pounds on your monthly repayments extra that you would ....
Has been going up 12 or 13%. and we are seeing that we are battling the cost of living and even if you are getting a few more quid here and there, one of the big things i could say and bearing in mind yesterday s base rate rise from the bank of england is that for the people who are on the standard variable rate mortgages or tracker mortgages it s well worth looking to see if you can consider if you want to do it, locking into a fixed rate deal, because we are expecting rate rises to keep coming, and if you are locked into a fixed rate deal it means you can budget so you know how much you are paying each month, ongoing, and if you are on a fixed rate deal right now and even in the last three to six months, you can speak to your lenders, shop around and a lot of lenders will let you switch from one deal in the last three to six months, so you don t ....