The number of residential mortgage products has fallen by almost 7% from 5,385 deals to 5,012, while the number of buy-to-let mortgages has decreased by 14% from 2,748 deals to 2,343 in the last week which is having the predicted impact on mortgage rates with the average rates on a two and five year fixed […]
Mortgage Product Numbers Fall As Lenders Pull Deals Read More »
Several lenders have been forced to withdraw their mortgage products over the last 24 hours in the face of ongoing Swap rate volatility and the adjustment funding markets are making in anticipation of further increases by the Bank of England (BoE). The changed expectation follows the release of data from the Office for National Statistics
Lenders Withdraw Products Following Swap Rate Volatility Read More »
The Office for National Statistics (ONS) confirmed inflation has eased to 8.7% in April down from 10.1% in March, following a recent peak of 11.1% in October 2022. The easing has been attributed to gas and electricity price changes while other categories such as recreation, alcohol, tobacco, communication and transport increased. Although headline inflation has
Headline Inflation Falls but Mortgage Rates Predicted to Rise Read More »
The Client A client had an initial enquiry to purchase a fire damaged property at auction. The client was looking to purchase the property for £67,000 and carry out £20,000 of restoration work to bring the property back to the original condition when it was built in 2014. At the time, the client had enough
Case Study – Fire Damaged Property Read More »
The Bank of England (BoE) has today raised interest rates for the 12th consecutive time by a further 0.25% taking the Base Rate from 4.25% to 4.50% pushing the rate to it’s highest level since 2008.
BoE Increase Base Rate By 0.25% To 4.50% Read More »
Skipton Building Society have launched a 100% mortgage product at 5.49% fixed for 5 years without the need for a guarantor. The lenders qualifying criteria includes the following:
Skipton Building Society Launch 100% Mortgage Read More »
The Bank of England (BoE) has today raised interest rates by a further 0.25% taking the Base Rate from 4.0% to 4.25% in their eleventh consecutive increase in a further attempt to control increasing inflation.
BoE Increase Base Rate By 0.25% To 4.25% Read More »
The Bank of England (BoE) has today raised interest rates by a further 0.5% taking the Base Rate from 3.5% to 4.0% in their tenth consecutive increase in a further attempt to control inflation.
BoE Increase Base Rate By 0.5% To 4.0% Read More »
The Bank of England (BoE) has today raised interest rates by a further 0.5% taking the Base Rate from 3% to 3.5% in their ninth consecutive increase in the last 12 months with the rate now at it’s highest level since October 2008 in an attempt to control inflation that fell from 11.1% to 10.7%
BoE Increase Base Rate By 0.5% To 3.5% Read More »
In November, house prices were down 2.3% in a month to an average of £285,579, according to the latest Halifax House Price Index. Overall almost £7,000 was wiped off house prices as the UK registered its third consecutive month of price falls and the largest since the financial crisis in 2008. But average prices are
House Prices Down 2.3% In November – Largest Drop Since Financial Crisis Read More »
