The UK mortgage market has a wide selection of both variable-rate and fixed-rate mortgages. It also has other niche mortgage products such as offset mortgages. One of the more recent entrants to the market is the 40-year mortgage on a fixed rate. In principle, this offers long-term certainty. In practice, it has significant, potential drawbacks […]
COVID19 And The Mortgage Market
The pandemic has created a rather contradictory situation in the housing market. On the one hand, sales of residential property have been booming. On the other, the pandemic has created, or exacerbated, financial challenges for many homeowners. This could lead to some interesting times over the next year or two. Here is a quick guide […]
How To Get A Yes From A Mortgage Lender
Fundamentally, there is only one way to get a yes from a mortgage lender. That is to convince them that you are able and willing to pay back whatever they lend you. Part of this depends on your general situation, especially your financial situation. Another part of it depends on what lender you approach and […]
Brace Yourself For Interest-Rate Hikes
The government has now unwound most of its COVID19-specific support and relief measures. There is, however, one unofficial support measure still remaining. That is the 0.1% interest rate set by the Bank of England way back at the start of the pandemic. This too is expected to be rolled back shortly with further increases possibly […]
Act Now To Safeguard Your Mortgage Repayments
Although nobody has a crystal ball, everybody can read numbers or, more accurately, ratios. Currently, interest rates are at historic lows while inflation is well above the government’s 2% target. This means that mortgage holders should be making absolutely sure that they’re on the best deal for them and may wish to give particular consideration […]
Autumn Budget 2021
Budgets are always interesting for mortgage-holders. The October 2021 budget probably contained very few real surprises (if any). Some of its forecasts, and the decisions based on them, could, however, significantly impact the finances of mortgage-holders. Here’s a quick guide to what you need to know. The inflation forecast For mortgage-holders, probably the single most […]