UK interest rates: How high could they go and how therise affects you?
The Bank of England raised interest rates for a tenth consecutive time last week from 3.5% to 4%.
Catherine Mann, a Bank of England Monetary Policy Committee member has said today that further interest rate increases are still more likely than not even after the bank raised rates to 4%last week.
https://www.bbc.co.uk/news/business-57764601
England’s shrinking HMO market
Latest figures from Octane Capital show that the number of HMOs has decreased by a staggering 21,000 properties in the last two years despite a growing need for affordable rental accommodation.
Numbers were down by -2.4% in 2022 to 489,701 as local councils imposed tighter licensing regimes.
https://www.propertyreporter.co.uk/englands-shrinking-hmo-market.html
Capital! Highest rental demand in the UK found in London
Rental properties in Central London have been reported as having the highest levels of tenant demand across England and Wales.
Research from Paragon Bank has revealed that more than 94% of landlords with properties in the capital reported having strong levels of tenant demand, with only 6% reporting levels as unstable.
