Base Rate Held – 4.75% The Bank of England’s Monetary Policy Committee (MPC) has decided to keep the Bank Rate steady at 4.75%. However, the vote was split, with six members supporting the hold and three advocating for a 0.25% reduction to 4.5%. This divergence highlights differing views on the current economic landscape. The decision […]
Base Rate Stays At 4.75% As Inflation Climbs To 2.6% Read More »
Festive Opening Hours As 2024 comes to a close, we want to thank you for your continued trust and support this year. It has been a pleasure working with you, and we look forward to assisting you in 2025. Wishing you a joyful festive season and a prosperous New Year! From all of us at
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What’s Ahead In 2025 As 2024 ends, the mortgage industry reflects on a year of challenges, including economic uncertainty and fluctuating interest rates. Looking ahead to 2025, the landscape remains complex, with refinancing pressures and mixed expectations about base rate changes. With nearly half of UK mortgages due for refinancing by 2027, borrowers and advisers
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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
Bank of England Cuts Base Rate to 4.75% – What This Means for Your Mortgage Read More »
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
Will the Budget and Swap Rate Spike Trigger Mortgage Rate Increases? Read More »
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%
UK Inflation Falls Below 2% Target, Pressure On Bank of England to Act Read More »
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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