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UK interest rates kept at record low

UK interest rates have been held at 0.5% for another month by the Bank of England. The decision by the Monetary Policy Committee comes more than six years after the record low was introduced. The half-dozen years of ultra-low interest rates have cut returns on savings, while mortgage...

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UK house price growth hits five-month high in March - RICS

British house prices grew at their fastest pace in five months in March, fuelled by a shortage of properties, a survey showed on Thursday, adding to other signs that a cooling of the market may be ending. The Royal Institution of Chartered Surveyors' (RICS) monthly house price balance rose to...

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Momentum is returning to the mortgage market

According to data released by the Bank of England, lenders approved 61,760 mortgages in February – an increase of 1.7 per cent on January and the third consecutive rise. Head of lending at Mortgage Advice Bureau, Brian Murphy, comments on the report released by the Bank: “...

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