What are swap rates?

What are swap rates?

Discover how swap rates influence mortgage interest rates and gain a clear understanding of what swap rates actually are. When it comes to mortgage interest rates going up or down, you may have heard the media and mortgage industry experts talking about swap rates....
The base rate remains at 5.25% again

The base rate remains at 5.25% again

The Bank of England reviewed the base rate on 14 December and chose to keep it the same for the third consecutive time. The Bank of England’s Monetary Policy Committee (MPC) has today voted to keep the base rate at 5.25%. The rate increased 14 times between December...
The base rate stays the same

The base rate stays the same

The Bank of England has reviewed the base rate and chosen to keep it where it is. The rate currently stands at 5.25%. If the rate had gone up, this would have been the 15th consecutive rate rise. While anyone on a fixed-rate deal would not have been affected, those on...
‘Property prices have seen only a mild decline so far’

‘Property prices have seen only a mild decline so far’

A monthly update from our Managing Director, Monica Bradley, on property prices and mortgage interest rates. How did the August base rate rise (from 5% to 5.25%) affect the mortgage market? The market had expected the recent increase, and so it had already been priced...