LATEST NEWS
MB Associates Mortgage Shop
MB Associates has a walk-in mortgage shop in Sutton. Located at 27 Stonecot Hill, Sutton, SM3 9HB, the MB Associates Mortgage Shop is the perfect place for anyone who would like to speak to an experienced adviser in person about anything to do with their mortgage....
Mortgage rates go up
Major lenders have made small increases to some of their fixed-rate mortgage loans in response to inflation not coming down as fast as expected and rising swap rates. Read on if you’re due to remortgage this year. This week, five major lenders have raised their...
Possible stamp duty change to benefit homebuyers
The threshold at which stamp duty is paid could be increased to save homebuyers money, according to the media. Over the past few days, several newspaper websites have reported rumours of a possible stamp duty change later in the year, which would benefit certain...
Headline inflation falls in March
Inflation continues to come down gradually, but a base rate cut in the summer may be less likely, according to financial analysts Inflation fell again in March, with Consumer Price Index inflation – known as “headline inflation” – dropping to 3.2%. In February, it...
Annual house price growth slows
The housing market remains stable but is still sensitive to the scale and pace of interest rate changes, according to Halifax. House prices went up by 2% in March compared to the previous quarter, but annual house price growth has slowed, and house prices fell by 1%...
House sales volume increase
For a long time, there was a short supply of properties, but this seems to be changing. There are more properties coming to the market, and house sales have gone up in the past year. Read more… House sales have gone up by 9% annually, according to Zoopla. The property...
The base rate remains unchanged
In the latest base rate review, the Bank of England’s Monetary Policy Committee has voted to keep the rate the same. The Bank of England reviewed the base rate on 21 March and decided to keep it at 5.25%. It has remained unchanged since August. Recent news...
Inflation falls in February
Inflation went down last month, edging closer to the government’s 2% target. What does this mean for interest rates? Consumer prices index (CPI) inflation fell to 3.4% in February, down from 4% in January – the lowest level in two and a half years. CPI inflation is...
Halifax reduces maximum working age for some older borrowers
You may have heard about Halifax reducing the maximum working age for some mortgage applications, which could affect older borrowers. Read more… Earlier this week, Halifax announced that it would reduce its maximum working age for a mortgage from 75 to 70 for some...
UK House Prices Rise In February
Halifax reports another month of rising property prices, indicating positive trends in the property market. UK house prices went up for the fifth consecutive month in February, according to Halifax. The lender’s latest House Price Index, published yesterday, showed...