The Bank of England has increased interest rates by 0.25% to 1% today in a bid to push inflation back down and reduce the cost of living. The hike means borrowers on variable mortgages will see an increase to their…
Homebuyers and homeowners across the UK will be watching on with concern as mortgage rates continue to soar upwards. Since the Bank of England’s first base rate rise on 16 December, the interest rate on the average new, two-year fixed…
House prices have rocketed 14.3 per cent over the past year, Nationwide Building Society said, with property inflation hitting its highest level since 2004. Despite warnings that the cost of living crisis and rising interest rates would dampen the property…
From remortgaging to a better deal to adding value to your home – we take a look at how you can channel some Spring positivity into improving your finances The milder weather and longer days of Spring make it a…
A cash buyer may sound like an attractive prospect. But, as Peter Joseph explains, being in the fortunate position of being – or having – a cash buyer does not necessarily mean a guaranteed sale Buying a property is rarely…
From the existence of credit blacklists to living in the house of a former debtor, there are many misconceptions which are hindering people from improving their financial health. According to credit reference agency, Experian, there are a number of myths…
The latest data from Zoopla shows, whilst house prices have risen by 8.1% in the year to February, estate agents have also reported a 3.5% increase in their stock levels in March. It’s a small rise – indeed the number…
The recent announcement by the Bank of England that the base rate was to rise for the third time in four months did not really come as much of a surprise. With the rate of inflation at a 30-year high…
The Bank of England is considering ditching rules that limit how much people can financially stretch themselves when taking out a mortgage. The central bank has launched a consultation in relation to changing the affordability tests that mortgage lenders currently…
Homeowners have had the luxury of cheap mortgages for more than a decade. But the era of rock-bottom rates looks to be officially over. Last year’s record low deals of less than 1 per cent are long gone and rates…