The latest data from UK Finance shows a rise in mortgage arrears and possessions in the second quarter of 2025, although lenders continue to offer support to struggling homeowners.
Annuity rates for pensions have climbed to their highest levels in years, making now a potentially opportune time for retirees to purchase a guaranteed income stream.
The Bank of England reduced rates by 25bp to 4.0%, with a closely divided MPC underscoring policy uncertainty.
The Bank of England's Monetary Policy Committee voted to cut the base rate by 0.25 percentage points to 4.0%, marking the fifth consecutive cut in a year.
BoE reduces rates as UK inflation spikes to 3.5%, signaling confidence in falling prices ahead.
The British Pound is experiencing its weakest month against major currencies in nearly two years.
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