Bank of England raise rates by 0.5%, as UK heads towards recession and 13% inflation

Bank of England Raise Rates by 0.5%, as UK heads towards recession

UK heading into recession say BoE, and Inflation set to hit 13% this Autumn

Mortgage affordability rules relaxed by Bank of England

The Bank of England (BoE) has raised rates by 0.5 percentage points to 1.75%. The news marks the biggest UK interest rate rise in 27 years.

This is the BoE’s latest attempt to calm soaring inflation levels, which are expected to reach 13% by the end of the year as the UK faces the biggest squeeze on living standards in 60 years.

Property transactions are already down 55% on 2021 - https://youtu.be/Q4ycEfF7ER4

See: 6 Tips to get on the property ladder - https://youtu.be/F4spqKpYZo4

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Open House South Herts is advertising property deals in the north of the UK from just £30,000 asking price with yields of between 10 and 15%. – see https://www.facebook.com/estateagentswatfordelstreeandborehamwood

A slowdown in the property market means more opportunities for buyers and investor!

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