UK Fixed Mortgage Rates Drop Below 5% As Inflation Falls to 4.6%

UK Fixed Mortgage Rates Drop Below 5% As Inflation Falls to 4.6%

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Fixed mortgage interest rates have dipped below 5% after new figures show that inflation fell from 6.7% in September to 4.6%, less than half the 11.1% rate in October 20022.

In his Autumn Statement, Chancellor Jeremy Hunt announced plans to increase state pensions by 8.5, benefits by 6.7%, unfreezing Local Housing Allowance and the National Living Wage from £10.42 to £11.44 an hour from April 2024 – whilst simultaneously cutting NI for the self-employed and business taxes.

More planning reforms announced to speed up building and infrastructure projects.

Mortgage Rates Fall – Interview with Mortgage Broker Miriam miriam@smfinancialpln.co.uk

YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.

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