Bank of England

Bank of England make biggest base rate increase in 27 years

Blog, Financial Advice, Financial Planning, Investment, Mortgages

Bank of England make biggest base rate increase in 27 years

2022-09-05T10:35:05+01:00

The Bank of England (BoE) has voted to increase the base rate by 50 basis points, the highest increase in 27 years. It now means the base rate stands at 1.75%. The decision comes amid a backdrop of [...]

Bank of England make biggest base rate increase in 27 years2022-09-05T10:35:05+01:00

Bank of England withdraws the mortgage affordability test

Blog, Financial Advice, Mortgages

Bank of England withdraws the mortgage affordability test

2022-08-19T13:13:01+01:00

The mortgage affordability test has been scrapped by the Bank of England (BoE), making it easier for some potential borrowers to access a mortgage. The test was used by lenders to calculate if potential borrowers could afford a [...]

Bank of England withdraws the mortgage affordability test2022-08-19T13:13:01+01:00