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...
A monthly update from our Sales Manager, Phil Leivesley, on property prices and mortgage interest rates. How did the August base rate rise (from 5% to 5.25%) affect the mortgage market? The recent increase had been expected by the market, and so it had already...
Buyers may have some renewed confidence in the property market as mortgage rates have been cut by some major lenders. Mortgage rates were cut by several large lenders last week. The Telegraph reported that Nationwide, TSB, and Barclays reduced rates after HSBC was the...
Zoopla’s latest House Price Index shows reduced demand for properties due to interest rates being higher than they were earlier this year, with the South of England affected more than the rest of the country. Demand for properties in the UK has fallen by 18% in the...
A new scheme for those worried about rising mortgage payments has been introduced by the government. We look at what it covers – and explain why our message to borrowers is always to seek advice. The government has launched a new Mortgage Charter scheme with lenders...
The government’s new 95 Per Cent Mortgage Guarantee Scheme launched on Monday 19 April 2021. The aim of the scheme is to make more 95 per cent mortgages available to those with smaller deposits. First-time buyers can apply but you don’t have to be one to be eligible.
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