The Bank of England recently made headlines with its first interest rate rise in three years. This increase is now being passed on to people with variable-rate mortgages. It is also being factored into new fixed-rate products. What’s more, further increases are definitely a possibility. This raises the question of where the housing market goes […]
Mortgage
What Now For Mortgage Holders?
The UK’s base rate is currently just about as low as it can go (and stay in positive numbers). This means that, realistically, there is far more scope for it to go up than down. It’s likely that a lot will depend on the direction of inflation. Mortgage holders should, however, think carefully about how […]
How Quickly Can You Build A Deposit?
It’s common knowledge that first-time buyers are getting older. There are lots of reasons for this. Many of them relate to the fact that people are living longer. Some, however, relate to the difficulties of getting on the property ladder. In particular, first-time buyers often struggle to put together a deposit. The good news is […]
Decorating Trends for 2022
Home decoration has always been popular. Since the pandemic began, it’s become more popular than ever. The Christmas season tends to give some good pointers to what’s likely to be popular over the coming year. With that in mind, here are some of the top trends emerging for Christmas 2021 and what they could mean […]
The pros and cons of 40-year mortgages
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 […]