Bank of England raise rates by 0.5%, as UK heads towards recession and 13% inflation

Bank of England Raise Rates by 0.5%, as UK heads towards recession UK heading into recession say BoE, and Inflation set to hit 13% this Autumn Mortgage affordability rules relaxed by Bank of England The Bank of England (BoE) has raised rates by 0.5 percentage points to 1.75%. The news marks the biggest UK interest rate rise in 27 years. This is the BoE’s latest attempt to calm soaring inflation levels, which are expected to reach 13% by the end of the year as the UK faces the biggest squeeze on living standards in 60 years. Property transactions are already down 55% on 2021 - https://youtu.be/Q4ycEfF7ER4 See: 6 Tips to get on the property ladder - https://youtu.be/F4spqKpYZo4 Learn how to get started as a first-time property buyer. Open House South Herts is advertising property deals in the north of the UK from just £30,000 asking price with yields of between 10 and 15%. – see https://www.facebook.com/estateagentswatfordelstreeandborehamwood A slowdown in the property market means more opportunities for buyers and investor! Find out more about property investing. You can learn the secrets of professional property investors who have built huge portfolios with other people’s money. FREE TRAINING – BEGINNERS PROPERTY SECRETS This Beginner Property Investing Secrets free training webinar is designed by the industry’s top investing trainers to bring you valuable content; providing you with the tools to successfully invest in buy-to-let properties, raise finance and build a mighty portfolio from the ground up. Live training Wednesday at 7pm UK time. CLICK TO JOINTHE LIVE ONLINE EVENT https://bit.ly/3DlSlCL