Independent Mortgages Direct NE

Gary

Qualified and experienced Mortgage Broker and Principle of IMDNE with over 30 years experience looking after retail mortgage customers. Authorised and Regulated by the Financial Conduct Authority (FCA Ref 301727) and a member of the Association of Mortgage Intermediaries (AMI).

Lender Rate Reductions

Lenders Drop Rates As Swap Rates Stabilise

Mortgage Rates Reduced Following the election, the swift rise in swap rates led many lenders to increase their mortgage rates. This strategic move was designed to protect against potential future borrowing costs. However, as swap rates stabilised, lenders grew more confident in the market’s equilibrium. This newfound stability enabled them to reduce mortgage rates, benefiting […]

Lenders Drop Rates As Swap Rates Stabilise Read More »

Royal Exchange Bank of England London Picture

Base Rate Held At 5.25% While Inflation Meets 2% Target

Base Rate Held At 5.25% Bank of England’s (BoE) Monetary Policy Committee (MPC) again voted 7-2 to maintain the current Base Rate at 5.25% for the seventh consecutive month despite inflation falling further to their 2% target. This decision was again followed, as in previous months, by initial promises of an imminent rate reduction. However,

Base Rate Held At 5.25% While Inflation Meets 2% Target Read More »

General Election Ballot Box

Inflation Falls To 2.3% – Why Are Short Term Rate Cuts Unlikely?

Rate Cut In Doubt As Inflation Falls It was announced this week that inflation fell from 3.2% to 2.3%, slightly above the market forecast of 2.1%. Though smaller than expected, the drop is still positive as it is now lower than the Eurozone and US inflation figures. A rate cut in June now seems highly

Inflation Falls To 2.3% – Why Are Short Term Rate Cuts Unlikely? Read More »

Royal Exchange Bank of England London Picture

Base Rate Held At 5.25% While Inflation Falls To 3.2%

Base Rate Held At 5.25% At todays Bank of England’s (BoE) Monetary Policy Committee (MPC) meeting they voted 7-2 to maintain the current Base Rate at 5.25% for the sixth consecutive month despite inflation falling further to 3.2%. This decision was followed, as in previous months, by initial promises of an imminent rate reduction. However,

Base Rate Held At 5.25% While Inflation Falls To 3.2% Read More »

Base Rate & Swap Rates

Lenders Increase Rates As Swaps Continue To Rise

Base Rate Battles Inflation while Swap Rates Shape Mortgage Costs Mortgage rates are frequently subject to speculation, especially when a notable shift in the Base Rate is currently at a 16-year high of 5.25%. This increase aims to combat inflation, which has significantly declined from 11.1% in October 2022 to 3.2% in March. The central

Lenders Increase Rates As Swaps Continue To Rise Read More »