As mortgage rates have increased, many people have explored different options to try and keep their monthly payments as low as possible. Should I switch to an interest only mortgage is a question that has been asked more in recent times, especially in light of the...
The Bank of England Base Rate As anticipated, the Bank of England has opted to keep the interest rate steady at 5.25%, maintaining its position at this 16-year high for the sixth consecutive time. The decision, favored by a 7-2 vote from the Monetary Policy...
Most of the main House Price reports suggested that February showed some positive growth for house prices.
This is a common question when it comes to mortgage related insurance. However, before answering this, the question itself needs closer inspection. Is it mandatory to have life insurance to get a mortgage? This is usually what people mean. In other words, is the...
As mortgage rates have increased, many people have explored different options to try and keep their monthly payments as low as possible. Spreading the payments over a longer period could reduce the monthly outgoing, but there are other important considerations when...
The Bank of England decided to keep rates at 5.25% for a fifth consecutive time in March which wasn’t a huge surprise. Bank of England Governor Andrew Bailey has previously said the Bank would wait for firm evidence that inflation was under control before it cuts...
Most of the main House Price reports suggested that February showed some positive growth for house prices.
As mortgage rates have increased, many people have explored different options to either lower their monthly payments or reduce the total amount of interest they pay overall. One option could be to make a lump sum overpayment, but is it a good idea to use your savings...
Most of the main House Price reports suggested that February showed some positive growth for house prices.
Mortgage rates have generally been reducing since the end of 2023, however February has seen a general increase. Major lenders including HSBC, Natwest, Nationwide and Virgin Money increased their rates in February. Although the increases vary, they have been generally...
