Skipton’s building society faces tough times as Premium Bonds payouts drop, just as UK house prices hit £300K. Big local player since 1853.
Mortgage rates in the UK have declined following recent market reactions to global conflicts and economic uncertainty. Lenders are passing on savings from falling swap rates, but geopolitical tensions continue to cause market volatility, impacting borrowing costs and demand for home loans. The Bank of England's upcoming rate decision remains a key factor.