Start Searching NOW ! Click On The Button Below COMPARE MORTGAGES Our Mortgage Comparison Tool Can Help ✨ Find The Best Mortgage Deals ✨ Searching for the right mortgage can feel overwhelming, but comparing rates is the smartest way to get started. Our free whole-of-market comparison tool makes it easy to view the latest mortgage […]
Compare Mortgage Rates – Take Control of Your Mortgage Search Read More »
Global Risks Reflect Cautious Approach The Bank of England held the base rate at 4.25% this week, citing the need for more evidence that inflation is falling sustainably. While headline inflation has eased to 3.4%, it remains above the 2% target, with services inflation and wage growth still exerting upward pressure. The Monetary Policy Committee
BoE Holds Rates as Inflation Slows – What It Means for Mortgages Read More »
Further Rate Cuts Anticipated The Bank of England reduced the base rate from 4.5% to 4.25% on 8 May 2025. This 0.25% cut directly benefits approximately 600,000 tracker mortgage holders, who can expect average monthly savings of around £29. Those on standard variable rate (SVR) mortgages may also see reductions, though the extent depends on
BOE Cuts Interest Rates, How Will It Affect Your Mortgage Read More »
🎉 Celebrating 30 Years 🎉 This month marks a remarkable milestone for Gary Howe, Principal at Independent Mortgages Direct NE – 30 years of delivering trusted, expert mortgage advice to clients across the UK. Gary’s commitment to integrity, professionalism, and client care has made him a respected leader in the industry. Under his guidance, IMDNE
Celebrating 30 Years of Mortgage Advice with Gary Howe Read More »
Stability Until May Predicted The Bank of England has maintained the base rate at 4.5%, aligning with economists’ expectations amid global uncertainties, including U.S. trade policies and domestic economic challenges. Inflation has decreased from a peak of 11.1% in October 2022 to 3%, but remains above the 2% target. The UK economy grew by just
Bank of England Holds Base Rate at 4.5% Amid Global Uncertainty Read More »
Product Summary Accord Mortgages has enhanced its criteria for first-time buyer mortgages, making its existing product even more attractive for those entering the property market for the first time. To qualify, at least one applicant must be a first-time buyer—someone who has never owned a property—and applicants must have a minimum deposit of just £5,000.
£5k Deposit Mortgages for First-Time Buyers: Eligibility Criteria Explained Read More »
Mortgage Rates Drop – Will It Last? Recently, many lenders have reduced their fixed mortgage rates despite ongoing rises in swap rates. This apparent contradiction arises from lenders competing aggressively for business, temporarily cutting margins to attract borrowers. However, persistent inflation remains a significant concern. Inflation rates continue to exceed Bank of England targets, prompting markets
Mortgage Rates Drop Temporarily Despite Persistent Inflation Concerns Read More »
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
Competition Intensifies The UK mortgage market is becoming increasingly competitive, with lenders reducing rates to attract borrowers and expand market share. Despite swap rate fluctuations, banks and building societies are aggressively pricing mortgages to meet lending targets. With housing transactions below pre-pandemic levels and affordability concerns persisting, lenders are using lower rates to retain customers
Base Rate Reduced – 4.50% Today, the Bank of England reduced its base interest rate by 0.25% to 4.5%. This is the third cut since August 2024 and is aimed at boosting the economy, which has been struggling to grow. The decision was made as inflation is expected to rise to 3.7% in the short
Bank of England Cuts Base Rate – What It Means for You Read More »
