interest rates

First time buyer? You may be able to borrow more than you think
Aug 27, 2019 No Comments In Blog By
Looking to get on the property ladder? You may be able to borrow more than you realise. Latest News: Bank of Mum and Dad one of UK's largest lenders.Hardly surprising given house prices and rent rates. As a First Time Buyer, it can seem like an impossible task to ...
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Average 2 year mortgage rate has actually dropped in September
Sep 24, 2018 No Comments In Blog By
Despite last month’s Bank of England rate rise, the average interest rate on a 2 year fixed rate mortgage has actually dropped! Rates are still, on average, higher than they were this time last year but it’s interesting to see rates fall again given the market sentiment and level ...
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The rise and fall of interest rates in the UK
Sep 12, 2018 No Comments In Blog By
Did you know that the interest rate back in 1979 was 17%?   Despite a recent rise in interest rates, we mustn’t lose sight of the fact that interest rates are still at historical lows and borrowing is still very cheap, comparatively speaking.   If you would like to ...
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Number of arrears and repossessions continue to fall
Aug 9, 2018 No Comments In Blog By
Thanks to a more sensible approach to affordability, the number of mortgage arrears cases and repossessions continues to fall. However, in contrast, the number of landlords in serious arrears has risen, which would suggest an increased strain on Buy to Let owners, potentially due to recent taxation changes. Will ...
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Most borrowers unlikely to be affected from rate increase
Aug 3, 2018 No Comments In Blog By
Research by UK Finance shows that up to 95% of borrowers are unlikely to be affected by this weeks BoE rate rise, at least in the short term, because they opted for fixed-rate mortgage products. Given that the cost of lending is rising for Banks, customers on a variable mortgage ...
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MPC votes unanimously to raise Bank Rate to 0.75%
Aug 2, 2018 No Comments In Blog By
Interest rates rise from 0.5% to 0.75%. At its meeting yesterday, the Monetary Policy Committee voted by 9-0 to increase Bank Rate by 0.25 percentage points, to 0.75% Contact us to find out how this might affect you or visit the Bank of England website for more details by clicking here.
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So-called ‘cheapest’ mortgage deals may cost you nearly £900!
Aug 2, 2018 No Comments In Blog By
Customers seem fixated with finding the best interest rate but often don’t realise that this may be costing them more. Read the full article via Mortgage Strategy by clicking here. The true cost of the mortgage (over the product term) is the figure you need to look at. At ...
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Will UK house prices continue to rise into the 2020s?
Jul 31, 2018 No Comments In Blog By
Despite concerns over the impact of a hard Brexit, house prices are predicted to continue rising in the UK into the 2020’s. Time will tell and whilst there is still a huge amount riding on the outcome of our Brexit negotiations, this news is definitely encouraging for those considering purchasing a home. ...
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Banks charging borrowers a £300-a-year mortgage loyalty penalty!
Jul 25, 2018 No Comments In Blog By
When a fixed-rate mortgage comes to an end, lenders will usually offer a “product transfer” to customers meaning they can switch to a new interest rate rather than being shifted onto the bank’s variable rate. However, research suggest many customers simply accept this product transfer because it’s ‘easier’ than remortgaging! ...
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