Bank of England


10 Per Cent of Mortgages Taken Off UK Market

Two leading commentators give their perspective on a recent analysis showing a fall in the number of residential mortgage products available in the United Kingdom. Nearly 10 per cent of mortgages have been taken off the UK market due to concerns about increasing interest rates, according to data from Moneyfacts. The figures indicate that approximately…


Bloomberg Intelligence Comments Ahead of Bank of England Interest Rate Decision

Bloomberg Intelligence (BI) housing, real estate and construction analyst Iwona Hovenko, and senior equity research analyst Philip Richards, comment on tomorrow’s anticipated increase in interest rates by the Bank of England. Iwona Hovenko, Property, Real Estate & Mortgage Analyst at BI, says: “The Bank of England’s 50 bps rate hike on Thursday may not change…


deVere Mothballs UK Property Investment Advisory Citing Mortgage Woes

deVere Group, which has US $12bn under advisement, has announced the temporary closure of its UK property investment division as inflation fears suggest the Bank of England will need to hike interest rates more aggressively to combat rising prices. James Green, deVere Group Investment Director, explains: “We are concerned about the availability of credit and,…

FM Magazine

UK Real Estate Sector Reacts to BoE Interest Rates Rise

FM Magazine sounded out Paresh Raja, CEO of Market Financial Solutions (MFS) and Shojun CEO, Jatin Ondhia, on the 50 basis point hike in interest rates announced today by the Bank of England.  Paresh Raja, CEO, MFS, says: “The property market is being pulled strongly in two different directions. Today’s interest rate hike is significant, impacting…


deVere CEO Brands BoE Plans to Axe Mortgage Affordability Requirements as ‘Utter Madness’

Bank of England plans to scrap mortgage affordability rules have been described as “utter madness” by Nigel Green, the CEO of deVere Group, who says the move underscores how the central bank is “failing Britain.” The damning analysis from the head of deVere Group, one of the world’s largest independent advisors of specialist global financial…

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