Tracker Mortgages – Time to Get Out? Economists and financial experts analysing the mortgage market recommend that now might be the best time to switch from a variable-rate mortgage. This advice comes after approximately 77,900 homeowners opted for variable-rate mortgages in 2023, the highest number since 2017. Currently, the lowest available tracker mortgage rate is […]
Has The Bank Of England Waited Too Long To Cut Rates? Read More »
Great meeting with Keith Smith from Paymentshield, who revealed insights into their Top 5 Claims, showcasing exactly why their NEW increased policy limits are a game-changer for your financial security. The new policy limits bring a golden opportunity to ensure your Buildings and Contents are covered adequately, safeguarding your treasured possessions against the unexpected. Don’t
Paymentshield Increase Policy Limits Read More »
Excellent team meeting today with Lucy Hall, discussing how HSBC has emerged over the last six months as a formidable force in the mortgage market, significantly influencing lending trends and interest rates. This period has seen the banking giant expand its mortgage offerings and introduce competitive rates that have benefitted borrowers. HSBC’s strategic moves have enhanced
HSBC’s Pivotal Role in Shaping the Mortgage Market Read More »
Base Rate Held At 5.25% At the first Bank of England’s (BoE) Monetary Policy Committee (MPC) meeting in 2024, they unsurprisingly voted 6-3 to maintain the current Base Rate at 5.25% for a fourth consecutive month, backed by the objective to bring inflation down to meet their 2% target. The decision to hold the UK
Base Rate Held At 5.25% While Lenders Increase Rates Read More »
Mortgage Rates Under Pressure The swift rise of swap rates to over 4% marks a critical juncture for the mortgage industry. This increase elevates the cost of borrowing for lenders, directly impacting their profit margins. Fueled by intense competition, the recent trend of reducing mortgage rates faces a sustainability crisis. Lenders can only maintain these
Swap Rates Break Through 4% As Lender Competition Slows Read More »
Excellent team meeting with Kim Dickinson, presenting Virgin Money and Clydesdale’s Enhanced Affordability calculations for Limited Company Directors. Mortgage affordability can significantly improve by strategically utilising both salary and share of company profits. Traditionally, lenders focus on personal income for mortgage assessments. However, directors often reinvest earnings into their businesses, understating their true financial capacity.
Virgin Money & Clydesdale Offer Enhanced Affordability For Company Directors Read More »
Mortgage Rates Fall As we step into 2024, the mortgage lending sector is witnessing an intense battle for market share. This competition is unfolding against a backdrop of global financial pessimism, heavily influenced by current UK and world events. The uncertainty surrounding these events is shaping monetary policies, adding layers of complexity to an already
Lenders Fight For Market Share As Swap Rates Increase Read More »
Specialist Finance An amazing start to 2024 as our Specialist Finance Team, in partnership with Cambridge & Counties helps a client achieve their goal. We have has always been driven by a passion to see clients succeed, and this year, we’re already witnessing the remarkable value that tailored financial solutions can bring to ambitious projects. Specialist lending
Specialist Lending – Helping Clients Acheive Their Goals Read More »
The UK’s largest mortgage lender, Halifax, has slashed rates to remain competitive as major lenders compete to undercut each other. This is excellent news for homeowners and mortgage borrowers for several reasons: Lower Monthly Payments Refinancing Opportunities Increased Buying Power Stimulating the Housing Market Help Ease Financial Stress Attract First-Time Buyers Market Competition Driving Down
January 2024 Kicks Off With A Bang As Lenders Slash Rates Early Read More »
Inflation Falls Below 4% The Office for National Statistics (ONS) announced today that Consumer Prices Index (CPI) annual inflation fell from 4.6% in October to 3.9% in November and is now at its lowest for over two years. Inflation below 4% is great news to end a turbulent year and should continue to ease the
Inflation Falls Below 4% And Swap Rates Continue To Fall Read More »
