“The cross-party Committee of MPs examines the current state of the mortgage market, including levels of mortgage stress, arrears and forbearance, and the outlook for the market in light of higher interest rates.” https://parliamentlive.tv/event/index/6fb90f4f-9133-4a62-88c4-cfb83fc07372

8th July 2023

“Latest Money Facts” https://moneyfacts-news.co.uk/187N-8CCWM-26832CE3A88ABA6D90VXX44846F20AF9CFEE49/cr.aspx

“Why hasn’t mortgage pain led to a housing crash?” https://www.bbc.co.uk/news/business-66133116

“Shamplina Speaks – Can I Still Afford To Be A Landlord?” https://www.landlordtoday.co.uk/the-big-issues/2023/7/shamplina-speaks–can-i-still-afford-to-be-a-landlord

7th July 2023

“House prices fall at fastest rate in 12 years, says Halifax” https://www.bbc.co.uk/news/business-66130798

21st June 2023

“Bank of England raises base rate to 5%” https://www.bankofengland.co.uk/monetary-policy/the-interest-rate-bank-rate

Today sees another rise in interest rates from the Bank of England. The base rate has increased from 4.5% to 5%. This represents a larger then expected rise and the 13th consecutive increase in the base rate due to the sticky nature of the inflation rate for May 2023 which was expected to fall but remains stubbornly at 8.7%.

The MPC voted by a majority of 7–2 to increase Bank Rate by 0.5 percentage points, to 5%. Two members preferred to maintain Bank Rate at 4.5%.

New energy efficiency rules for rental properties scrapped

https://www.simplybusiness.co.uk/knowledge/articles/energy-efficiency-rules-for-rental-properties-scrapped/?ref_id=enews_signup&utm_source=email&utm_medium=newsletter&utm_campaign=oct2023landlordkcwidget

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