Interest rate raised to 3%, the highest level since 2008
The Bank of England’s 0.75% hike represents the eighth consecutive increase since December, pushing the rate to its highest level for 14 years.
NEWS ARCHIVES
Bank of England set to confirm biggest interest rate hike in 33 years
Warning mortgage repayments could spike again as Bank of England interest rates hike expected.
Estate agency worker who stole almost £200,000 narrowly escapes jail
A victim impact statement was issued by the joint owner of the estate agency.
Sharp rise in property sales falling through amid rising mortgage rates
With mortgage rates spiralling in recent weeks, many buyers are getting cold feet, having already agreed a sale but not contending with a far higher cost of borrowing.
Franchisee completes on the second largest resale in Belvoir’s history
Husband-and-wife team say they have acquired “a large and very successful estate and lettings agency”.
Angels Media offers to fill the void left by the collapse of Boomin
Angels Media, publisher of Estate Agent Today and Letting Agent Today, is offering ‘a special deal’ for Boomin agents that sign up with them direct.
Well-known estate agency opens new office in the heart of Leeds city centre
The well-established estate agency now has nine offices across the North East and Yorkshire.
Buy-to-let landlords urged to start planning for tougher standards
Research suggests that many landlords are at risk of failing to comply with new proposed regulations.
Residential street becoming ‘ghost road’ due to rent hike exodus
A residential street is in danger of becoming a “ghost road” because rent increases are forcing residents to move out.
Bankrupt landlord jailed for hiding property from trustees
Bankrupt landlord from Leamington Spa has been jailed for eight months after he failed to disclose rental property to his trustees.