Even if you’re not a homeowner, you’ve probably noticed that the Bank of England raised interest rates in both December and this February. Given the state of inflation, there may well be more rises on the cards and they may be sooner rather than later. With that in mind, here are some thoughts on how […]
Mortgage
Are You A New First Time Buyer?
Last year, saw 408,379 people collect the keys to their first home. It was the first year the number of first-time buyers had exceeded 400K since 2006. If you were one of those first-time buyers, you might be feeling somewhat nervous about the future. Here are some tips to guide you. Prepare for interest-rate rises […]
Mortgage Lenders Pass On Interest Rate Rise
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 […]
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 […]
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 […]