Hot on the heels of HSBC, Halifax has announced it is reducing its mortgage rates again on Wednesday 15th November. Following the news, one broker said some rates, based on the current direction of travel, could even start with a three before the…
The Bank of England’s decision to hold the base rate at 5.25% has led to a flurry of mortgage rate cuts this week. Following the announcement the central bank had voted against raising interest rates again, several big lenders announced a…
Another interest rate decision is looming. Whether rates remain the same or go up the good news is fixed-rate mortgage prices are still falling. Coventry Building Society has been the latest lender to cut rates this week on all its…
Over the last week lenders have begun gently slicing back mortgage rates. Is this the end of the mortgage crisis? Will rates return to normal any time soon? You saved your deposit, spoken to your independent mortgage broker, established how…
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This is despite five-year fixed rates being substantially cheaper than two-year fixes at present. The average five-year fix is 6.35 per cent, according to Moneyfacts, compared to 6.84 per cent for two-year fixes. The cheapest two-year is 5.79 per cent,…
Not so long ago, the Bank of England repeatedly pledged interest rate rises would be ‘gradual and limited’. Instead, they’ve been sudden and brutal. Those reassuring words were aimed at the generation of borrowers who had no choice but to…
More than a third (35%) of adults reported that it was difficult to afford rent or mortgage payments, according to figures released by the Office for National Statistics (ONS). This rose among those receiving support from charities (57%), in a…
With yet another interest rate rise today, many mortgage holders are worried about what this will mean for their monthly payments Help is available to anyone that needs it – we would be more than happy to have a chat…
Whilst next week’s interest rate decision from the Bank of England looks nailed on Susannah Streeter, head of money and markets at Hargreaves Lansdown, has warned that markets could be overestimating how many rises will come after that. As of…