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Worried about increasing rates? Speak to your Mortgage Broker
Read more: Worried about increasing rates? Speak to your Mortgage BrokerThe days of cheap mortgage rates appear to be a thing of the past for homebuyers and home movers alike for now. Many will be confronted by the harsh new reality when their existing fixed-rate deals come to an end in the coming months. In the summer of 2021, mortgage interest rates were historically low…
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How it’s still possible to make a positive decision, despite the current mortgage market
Read more: How it’s still possible to make a positive decision, despite the current mortgage marketMortgages became headline news in October. Despite the current mortgage market, it is still possible to make a positive decision. Rates rise The political turmoil recently initially sent interest rates soaring and left millions of mortgage holders with hundreds of pounds more to pay each month. Liz Truss’ brief stint as Prime Minister has resulted…
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Mortgage deals at a time of rising rates
Read more: Mortgage deals at a time of rising ratesAfter increasing the Bank Rate to 2.25% in September, the Bank of England (BoE) has since said it will ‘not hesitate’ to hike rates further to curb inflation. Variable rates Changing rates have a significant impact on the amount you repay on your mortgage. Those on a tracker mortgage will see their rate increase (or…
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Inflation and how it affects your mortgage
Read more: Inflation and how it affects your mortgageAccording to the Office for National Statistics, inflation hit a near 40 year high of 9% during April and could yet rise further during the remainder of the year. Driven by a further increase in the energy price cap coming in in October, experts are predicting this figure could rise to 10% putting a further…
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Healthcare Professionals
Read more: Healthcare ProfessionalsWe provide expert mortgage and protection advice to healthcare professionals.
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Product Types – Pros and Cons
Read more: Product Types – Pros and ConsIn the main, mortgage products will fall into one of two categories, fixed or variable rate deals. Historically, the difference in flexibility between the two types was significant but in recent years, the difference has reduced substantially. To generalise, fixed rates tend to be more secure but less flexible. Whereas, variable rates tend to be…
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Budget 2021 – Help to purchase your property
Read more: Budget 2021 – Help to purchase your propertyIf you are planning to purchase or sell a property, there have been two significant announcements to be aware of: The Stamp Duty holiday extension The biggest announcement from the Chancellor is the extension of the Stamp Duty holiday. The Stamp Duty holiday was due to expire on the 31st March 2021 however, it has…
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How The Government Is Helping You Pay Your Mortgage
Read more: How The Government Is Helping You Pay Your MortgageThe economic effects of the Coronavirus “We have never in peacetime faced an economic fight like this one” – Rishi Sunak, Chancellor of the exchequer. The Coronavirus has already caused quite a lot of economic turmoil, with one of the steepest stock market declines since the 2008 financial crisis. Economic uncertainty tends to lead to…
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6 Things You Should Do To Make Sure You Get The Best Mortgage Deal
Read more: 6 Things You Should Do To Make Sure You Get The Best Mortgage DealWhether you’re a first-time buyer, homeowner or landlord the below tips will help you understand how to make the most out of your personal situation, so you can get the best mortgage deal available to you.
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How Brexit Uncertainty Is affecting House Prices and Interest Rates
Read more: How Brexit Uncertainty Is affecting House Prices and Interest RatesWhat is the latest on Brexit? As a result of the failure to find an agreement in Parliament as to the way forward, Prime Minister Theresa May has asked the European Union to give the UK further time to reach an agreement as to how we will leave the EU. The UK currently faces a…
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What Brexit means for homebuyers
Read more: What Brexit means for homebuyersWith all the political turmoil and uncertainty surrounding the UK’s exit from the European Union we look at the potential impact Brexit could have on house prices and interest rates.
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Are you losing thousands of pounds on a standard variable rate?
Read more: Are you losing thousands of pounds on a standard variable rate?[THIS ARTICLE WAS PUBLISHED ON 6 JUNE 2017 AND NOT ALL THE RATES MENTIONED ARE NOW STILL AVAILABLE – PLEASE CALL OUR OFFICE FOR AN UPDATE]Almost three million borrowers are currently paying their lenders standard variable rate. On average these borrowers could save £272.50 per month by remortgaging to a better deal. Bennison Brown has…