Automated Valuation Model (AVM) An Automated Valuation Model (AVM) can be beneficial prior to taking a mortgage as it provides a quick, cost-effective, and reliable estimate of a property’s current market value. This information helps borrowers determine their loan-to-value (LTV) ratio, understand potential borrowing limits, and assess their eligibility for specific mortgage products. Additionally, it […]
Start Saving NOW ! Click On The Button Below CALCULATOR Our Overpayment Calculator Can Help ✨ Save Interest ✨ ✨ Pay Your Mortgage Off Early ✨ The Mortgage Overpayment Calculator is designed to simplify your financial planning by showing how extra payments can reduce your mortgage balance and help you pay off your loan faster.
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Honoring Sacrifice: Reflecting on Remembrance Sunday and Its Lasting Legacy On Remembrance Sunday, we pause to honour those who died for freedom. “Lest We Forget” is more than a tribute; it’s a solemn vow to remember their courage and sacrifice. As we stand in silence, we hold close the stories and dreams of those who served,
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Base Rate Cut – Mortgage Impact With inflation currently below the Bank of England’s 2% target, the Bank had little choice but to reduce the base rate by 0.25% to 4.75%. This cut will affect mortgage borrowers in different ways, depending on their mortgage type. For those on variable or tracker mortgages, which track the
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Swap Rate Spike Following Rachel Reeves’ Budget announcement, swap rates—a key determinant of fixed-rate mortgage costs—have surged significantly. Two-year swap rates hit 4.51%, reflecting higher expectations for future interest rates. If this trend continues, mortgage rates could rise, prompting lenders to prepare for rate increases. Given this volatility, it’s crucial for homeowners to review their
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Inflation falls To 1.7% The Office for National Statistics (ONS) has reported a sharp drop in inflation for September 2024. The Consumer Prices Index (CPI) rose by just 1.7% in the year to September, down from 2.2% in August.This is the lowest inflation rate in over three years, falling below the Bank of England’s 2%
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Specialist Property Finance 🌟 Huge congratulations to Paul Mansell, for passing the London Institute of Banking & Finance (LIBF) Certified Practitioner examination in Specialist Property Finance (CPSP)! 🌟 This is a fantastic achievement and a testament to Paul’s expertise and dedication in the field of specialist lending. If you’re seeking expert advice on specialist property finance,
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Mortgage Rates Rise Mortgage lenders are raising rates in response to global economic uncertainty and a consistent rise in swap rates. This shift intensifies market competition as lenders battle it with reduced profit margins to secure market share and build a strong pipeline ahead of 2025. Several factors contribute to this trend, including the increasing
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Budget Anticipation The upcoming Autumn Budget is becoming a critical factor influencing financial markets. This budget is particularly significant as it arrives at a time when the UK is grappling with inflation, slowing economic growth, and the need for fiscal responsibility after years of pandemic-related borrowing. The budget’s impact on inflation, government debt levels, and
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