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Bank of England raises UK interest rates

Image copyrightREUTERS The Bank of England has raised the interest rate for only the second time in a decade. The rate has risen by a quarter of a percentage point, from 0.5% to 0.75% – the highest level since March 2009. While the decision means that the 3.5 million people with variable or tracker mortgages […]

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Are interest rates to blame for real estate market woes?

There is a lot of discussion regarding the implementation of interest rate cap law and how it has affected the economy and the real estate market over the last two years. However, it’s important to understand if (IRC) interest rate cap is the reason behind the industry’s stagnation and bad performance, or if it is […]