The Benefits of Regularly Reviewing Your Mortgage
For many homeowners, a mortgage is their biggest financial commitment, yet it’s often something that gets set up and then forgotten about. But just like your car insurance or energy bills, your mortgage deal should be reviewed regularly to make…
First-time buyers reach record numbers in 2024 – Halifax
2024 saw a rise in first-time buyers with 341,068 people stepping onto the property ladder, a 19% increase compared to 2023, data from Halifax has revealed. This makes up over half (54%) of all home purchases made with a mortgage last year,…
House prices here rose by over 6%
The Office for National Statistics (ONS) reported UK house prices increased by an average of £10,000 in the year to October 2024. The report showed the value of a typical home to be an estimated £292,000, an annual increase of…
Bank of England cuts base rate to 4.50%
The Bank of England (BoE) has voted to lower the base rate by 0.25% to 4.50%. This follows the Monetary Policy Committee’s (MPC) decision to hold the base rate in December, after the initial move in November to reduce the rate to…
Self-employed mortgage applicants give seal of approval to brokers
The vast majority of self-employed mortgage applicants have given the thumbs up to using a broker to help them finance their home purchase. A survey by specialist provider, The Mortgage Lender (TML), found 96% of non-PAYE applicants said mortgage brokers…
Understanding the 2025 Stamp Duty Changes
In April 2025, significant changes to the UK’s Stamp Duty Land Tax (SDLT) are set to take effect, impacting homebuyers across the nation. Understanding these changes is crucial, and at Mc Daid Mortgages, we’re here to guide you through the…
New House Insurance Options Available
Is your home insurance due to renew? Please don’t just auto-renew—new insurers have now joined our panel, offering better deals and improved coverage options that could save you money! Remember, we don’t see your renewal notifications, so it’s important to…
Thank You & Happy Christmas
As 2024 comes to a close, we want to take a moment to thank you. Whether it’s your first mortgage with us or your fifth, your confidence in us is appreciated. We are truly grateful to have had the opportunity…
Bank of England governor expects FOUR interest rate cuts next year
The governor of the Bank of England says there are likely to be four interest rate cuts next year as inflation fades The ONS revealed inflation rose to 2.3 per cent in the 12 months to September, above what markets…