Miles & Barr Insights

The Bank of England's Monetary Policy Committee (MPC) confirmed today, 23 March 2023, that the UK base rate will increase by 0.25 percentage points, taking the base rate to 4.25%.

Climate change has become a hot topic in recent years. Society is becoming increasingly aware of how important looking after our home planet is and the mortgage market is no exception to this movement.

Today, the Bank of England’s Monetary Policy Committee (MPC) announced an increase of 0.5 percentage points to the UK’s base rate, bringing the interest rate to 4%.

A range of brand new housing developments will be launched and built across East Kent in 2023. We’ve rounded up a selection of seaside property developments that will appeal to first-time buyers, a growing family or those who are looking to downsize.

• East Kent will continue to be an attractive location for buyers.
• The number one and two reasons for why metropolitan buyers move to East Kent are ‘work from home’ and ‘reassessing work-life balance’
• It is predicted that more tenants will continue to rent, due to economic pressures.

Today, the Bank of England’s Monetary Policy Committee (MPC) announced that interest rates have increased by 0.5% - taking the base rate to 3.5%.

East Kent’s leading property group has expanded its award-winning credentials.

Miles and Barr are here to support you through these challenging and uncertain times!

The changes announced by the government will help to reduce the upfront costs for first-time buyers looking to get on the property ladder.

If you are a landlord or are considering renting your property, then as of 1st October 2022 a new UK Government Carbon Monoxide Legislation will come into effect for all rental properties with a gas supply.