View more on these topics

UK inflation falls to 2.5%

UK Britain Union Jack 480

The UK consumer prices index has fallen to 2.5 per cent per cent in August, according to the Office for National Statistics.

The consumer prices index fell by 0.1 per cent from 2.6 per cent in July, while the retail prices index dropped to 2.9 per cent in August, a fall of 0.3 per cent from 3.2 per cent in July.

The drop in CPI was fuelled by downward pressures from furniture, household equipment & maintenance, housing & household services and clothing & footwear, although there was upward pressure from transport.

The fall in RPI came as downward pressures were seen in the household goods, clothing & footwear and food segments. According to the ONS, the only significant upward pressure came from fares & other travel costs.

Inflation has fallen markedly since its high in September 2011, but still remains well above the Bank of England’s 2 per cent target. CPI reached a record high of 5.2 per cent in September 2011 while RPI stood at 5.8 per cent in September 2011, its highest point since June 1991.


John Malone MS blog

We CAN beat crime if we work together

Welcome to my first column.Over the coming months, I will highlight the current trends and issues that are prominent for lenders in combating fraud in the mortgage market. Fraud is not just confined to the mortgage market. It is a major problem in the UK, with estimates of all types of fraud now costing the […]

LTV cap would prevent NewBuy being a success, says CML

The Council of Mortgage Lenders has warned the Government it risks jeopardising the success of the NewBuy scheme if it gives the Bank of England’s Financial Policy Committee the power to cap loan-to-values and loan-to-income ratios. Earlier this week, the Government launched a consultation the macro-prudential powers that could be given to the Bank of […]

Principality BS joins the Buy to Let Business Mortgage Club

Principality Building Society has today joined the Buy to Let Business Mortgage Club’s lender panel. A 3.69 per cent BTL two-year tracker mortgage is now available as a shared exclusive, available for purchases and remortgages up to 60 per cent LTV and with a 1 per cent arrangement fee and £99 mortgage commitment fee. The […]

Creating opportunity out of change

By Denise Wond, marketing manager The buy-to-let market has recently been the subject of a raft of tax changes, all of which make it a less profitable and less appealing proposition for investors. In response, we’ve seen a dip in demand for BTL mortgages and that’s bad news for many advisers who will now be looking […]


News and expert analysis straight to your inbox

Sign up