Welcome to JRM Mortgage Solutions
Latest industry news
The Bank of England Monetary Policy Committee has voted to keep base bank rate at 0.5 per cent.
The MPC vote was unanimous.
Last month, the MPC hiked the base rate from 0.25 per cent to 0.5 per cent.
Consumers have welcomed the decision to abolish stamp duty, but this has done little to improve the negative perceptions about the housing market.
The Building Societies Association Property Tracker found that for the third quarter in a row more people said now was not a good time to buy property.
House prices in the UK have increased by 4.5 per cent over the last year, according to the Office of National Statistics UK House Price Index – based on Land Registry data.
These figures show that the rate at which house prices are increasing is slowing, this figure for October being slightly lower than the 4.8 per cent annual inflation seen in September.