Watch: Jeremy Hunt questioned on mortgage rates and cost of living
1 year, 6 months ago

Watch: Jeremy Hunt questioned on mortgage rates and cost of living

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Watch as Jeremy Hunt is questioned by opposition MPs in the House of Commons on mortgage rates and the cost of living on Tuesday, 20 June. Labour’s Gerald Jones asked te chancellor what assessment he has made of the potential impact of the kamikaze mini-Budget from September 2022 on mortgage rates, while the SNP’s Patricia Gibson questioned Mr Hunt on what assessment he has made of the potential effects of his policies on inflation on the cost of living. Levelling Up secretary Michael Gove has suggested that mortgage rates fixed for 25 years could help ease the crisis. Mr Gove and Rishi Sunak have ruled out government help for homeowners, instead asking banks to offer “bespoke support” to those struggling with interest rates.

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History of this topic

Autumn Budget 2024: What will it mean for my mortgage?
2 months, 2 weeks ago

Autumn Budget 2024: What will it mean for my mortgage?

The Independent  

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Mortgage approvals jump but housing market on ‘tenterhooks’ ahead of Budget
2 months, 2 weeks ago

Mortgage approvals jump but housing market on ‘tenterhooks’ ahead of Budget

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The number of mortgage approvals …

Bank of England interest rate cut joy for mortgage holders as Rachel Reeves blames mini-Budget for inflation - UK politics live
5 months, 2 weeks ago

Bank of England interest rate cut joy for mortgage holders as Rachel Reeves blames mini-Budget for inflation - UK politics live

The Independent  

✕ Close Rachel Reeves admits taxes will rise in first Budget Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy …

Starmer promises economic stability to bring down ‘punishing’ mortgage costs
6 months ago

Starmer promises economic stability to bring down ‘punishing’ mortgage costs

The Independent  

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Watch live: MPs grill Jeremy Hunt on economy in House of Commons
9 months, 3 weeks ago

Watch live: MPs grill Jeremy Hunt on economy in House of Commons

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Watch live as Jeremy Hunt answers questions on the economy from …

Chancellor Jeremy Hunt announces date for 2024 spring Budget
1 year ago

Chancellor Jeremy Hunt announces date for 2024 spring Budget

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Chancellor Jeremy Hunt …

Tories to promise more help for first-time buyers in bid to turn around polling woes
1 year ago

Tories to promise more help for first-time buyers in bid to turn around polling woes

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Gove told the newspaper that, while longer-term fixed-rate mortgages …

Hopes raised that upward pressure on mortgage rates could start to ease
1 year, 5 months ago

Hopes raised that upward pressure on mortgage rates could start to ease

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. “The Bank …

Rishi Sunak making economy even worse than ‘arsonist’ Liz Truss, says Labour
1 year, 6 months ago

Rishi Sunak making economy even worse than ‘arsonist’ Liz Truss, says Labour

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rishi Sunak and his chancellor Jeremy Hunt are pushing the UK …

1m households to face £500 a month hike in mortgage payments by 2026, Bank of England warns
1 year, 6 months ago

1m households to face £500 a month hike in mortgage payments by 2026, Bank of England warns

The Independent  

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SNP’s Mhairi Black urges Government to take mortgage crisis ‘seriously’
1 year, 6 months ago

SNP’s Mhairi Black urges Government to take mortgage crisis ‘seriously’

The Independent  

Get Nadine White's Race Report newsletter for a fresh perspective on the week's news Get our free newsletter from The Independent's Race Correspondent Get our free newsletter from The Independent's Race Correspondent SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy SNP deputy Westminster leader Mhairi Black challenged the …

Mortgage rates soar again to surpass Liz Truss mini-Budget peak
1 year, 6 months ago

Mortgage rates soar again to surpass Liz Truss mini-Budget peak

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Rishi Sunak acknowledged “things are difficult” for families struggling with …

UK mortgage rates spike to highest level since Truss tax plan spooked markets
1 year, 6 months ago

UK mortgage rates spike to highest level since Truss tax plan spooked markets

Associated Press  

LONDON — Homeowners and renters in the U.K. faced further grim news Tuesday as mortgage rates hit levels not seen since unfunded tax cuts announced by the government last fall spooked investors. That’s the highest since the aftermath of last fall’s tax plan from Liz Truss’ short-lived government, which caused investors to lose faith in the state of Britain’s public …

Jeremy Hunt pushes for investigation into firms exploiting inflation crisis for profit
1 year, 6 months ago

Jeremy Hunt pushes for investigation into firms exploiting inflation crisis for profit

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “It’s time that corporate social responsibility included the concept of behaving responsibly in an inflationary …

Jeremy Hunt agrees measures with banks aimed at cooling mortgage crisis
1 year, 6 months ago

Jeremy Hunt agrees measures with banks aimed at cooling mortgage crisis

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The Chancellor stressed that tackling stubbornly high inflation, which …

Mortgage measures ‘could help to create some breathing space’ for borrowers
1 year, 6 months ago

Mortgage measures ‘could help to create some breathing space’ for borrowers

The Independent  

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Mortgage crisis to deepen as Bank unexpectedly hikes interest rates to 5%
1 year, 6 months ago

Mortgage crisis to deepen as Bank unexpectedly hikes interest rates to 5%

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “But if we don’t raise rates now, it could …

Government under fire over mortgage crisis as Bank set to hike rates again
1 year, 6 months ago

Government under fire over mortgage crisis as Bank set to hike rates again

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. With the Government and Bank of England under rising …

Rishi Sunak warned homeowners face ‘serious shock’ as Bank of England poised to raise interest rates
1 year, 6 months ago

Rishi Sunak warned homeowners face ‘serious shock’ as Bank of England poised to raise interest rates

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rishi Sunak has been warned homeowners face a “serious shock” as …

Tories face ‘blue wall’ wipeout from mortgage time bomb
1 year, 6 months ago

Tories face ‘blue wall’ wipeout from mortgage time bomb

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rishi Sunak is facing a wipeout in the Tories’ “blue wall” …

Michael Gove says 25-year fixed rates could ease mortgage crisis
1 year, 6 months ago

Michael Gove says 25-year fixed rates could ease mortgage crisis

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Cabinet minister Michael Gove has suggested that mortgage rates fixed for …

UK ‘hurtling into mortgage disaster’ as rates near highs seen during Truss turmoil
1 year, 6 months ago

UK ‘hurtling into mortgage disaster’ as rates near highs seen during Truss turmoil

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK is “hurtling headlong into a mortgage disaster”, experts …

Sunak rules out mortgage support as he urges banks to help struggling homeowners
1 year, 6 months ago

Sunak rules out mortgage support as he urges banks to help struggling homeowners

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rishi Sunak has urged the banks to offer “bespoke support” for …

Mortgage crunch ‘on track to increase annual household bills by £15.8bn by 2026’
1 year, 6 months ago

Mortgage crunch ‘on track to increase annual household bills by £15.8bn by 2026’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. As the UK’s “mortgage crunch” …

More mortgage pain for homeowners as rates rise to highest since Truss mini-Budget disaster
1 year, 7 months ago

More mortgage pain for homeowners as rates rise to highest since Truss mini-Budget disaster

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Governor Andrew Bailey told peers in an assessment of the situation today: “As I’m …

More mortgage pain to come as some to pay £200 more a month, experts warn
1 year, 8 months ago

More mortgage pain to come as some to pay £200 more a month, experts warn

The Independent  

There is more mortgage pain to come for the UK’s homeowners, many of whom are yet to feel the full impact of rising interest rates, according to a think tank. The trend towards homeowners taking out longer fixed-rate mortgages has delayed the impact on some households, with two-thirds of the eventual £12 billion increase in annual mortgage costs still to …

UK households paid £1.05bn in higher mortgage payments since mini-budget last year, Labour claims
1 year, 8 months ago

UK households paid £1.05bn in higher mortgage payments since mini-budget last year, Labour claims

The Independent  

Labour has accused Rishi Sunak of being “personally responsible” for what it branded a £1.05bn “Tory mortgage penalty” ahead of another predicted rise in interest rates. Shadow chancellor Rachel Reeves has told the Prime Minister to “take his fingers out of his ears” as the financial burden on homeowners continues to leave “so many worse off”. Households have paid £1.05bn …

Mortgage approvals fall to lowest level since Covid hit
2 years, 1 month ago

Mortgage approvals fall to lowest level since Covid hit

The Telegraph  

The mortgage market chaos following Liz Truss's mini-Budget pushed down approvals for home loans to their lowest level in more than two years in October. The figures cover the period immediately after Kwasi Kwarteng delivered the mini-Budget when lenders withdrew hundreds of mortgage products and rates were pushed up in response to expectations for aggressive Bank of England action. Forecasters …

Misery for millions as economy slumps into recession
2 years, 1 month ago

Misery for millions as economy slumps into recession

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The OBR’s assessment said: “Rising prices erode real wages …

Jeremy Hunt warns 'there are no easy options' after record interest rate rise
2 years, 2 months ago

Jeremy Hunt warns 'there are no easy options' after record interest rate rise

The Telegraph  

Jeremy Hunt has warned there are "no easy options" to stabilise the economy after the Bank of England hiked interest rates. The Chancellor said "inflation is the enemy and is weighing heavily on families, pensioners and businesses" as he responded to the Bank's decision to increase rates from 2.25 per cent to three per cent - the biggest single rise …

Ministers ‘blame Bank of England’ for soaring mortgage costs as housing crisis grows
2 years, 3 months ago

Ministers ‘blame Bank of England’ for soaring mortgage costs as housing crisis grows

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. But the Sunday Telegraph reports ministers laying the fault at the Bank of England’s …

Housing crisis cost us votes, says Michael Gove
2 years, 8 months ago

Housing crisis cost us votes, says Michael Gove

The Telegraph  

Many voters who turned against the Conservatives this week were punishing the party for falling rates of home ownership, Michael Gove has warned. In an interview with The Telegraph, the Housing Secretary said that his first lesson from the local election results was: “We’ve got to do more on home ownership.” He warned that the Tories “have a problem” because …

Mortgage borrowers face further squeeze on living costs as interest rates look set to rise
2 years, 8 months ago

Mortgage borrowers face further squeeze on living costs as interest rates look set to rise

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Consumer confidence plunged last month, while retail sales came …

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