With the Bank of England’s base rate holding steady, many are questioning whether this is an opportune moment to consider remortgaging. While the base rate remains unchanged, we find ourselves amidst the highest interest rates seen in the past 15 years. For those nearing the end of their fixed-rate mortgage deals, an upward adjustment in […]
Advice
Mortgage Charter encourages lenders to provide you with more support
Banks and Building Societies have been encouraged by Chancellor Jeremy Hunt to offer more flexibility if you are finding it difficult to make mortgage payments. Mortgage lenders, the FCA, the Government as well as organisations such as UK Finance and the Building Societies Association have come together to provide you with a new Charter to […]
Understanding Product Transfers vs Remortgaging: A Comprehensive Guide
Navigating the mortgage landscape can often seem like a daunting task. However, when your current mortgage deal approaches its conclusion, two primary avenues emerge: a product transfer or a remortgage. Each option comes with its unique set of advantages and considerations. Let’s delve into the differences and the implications of each. What Exactly is Remortgaging? […]
The Bank of Family And Its Impact On The UK Housing Market
The bank of mum and dad has expanded to become the bank of family. Its expansion has enabled it to underwrite an even bigger percentage of the UK’s mortgages. This means it has developed even more influence on the UK’s property market. This influence is, however, somewhat controversial given that not everyone has access to […]
Why Remortgages Should Often Stay With Their Current Lender
As a rule of thumb, when you renew any contract, you should be prepared to move from your current provider. That does not, however, necessarily mean that you should move from your current provider. In fact, if you’re remortgaging, there can be a lot to be said for staying with your current lender. Here is […]
What To Think About Before Buying A House In A Falling Market
Rightmove’s monthly house price index shows UK house prices on a clear downward trend. As yet, there is no sign of a crash. The behaviour is more like a slow deflation. This could be good news for homebuyers. Even so, it’s important to be clear about the implications of buying in a falling market. Here is a […]