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…
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,…
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…
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…
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…
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…
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…
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…
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…
Life is full of uncertainties. Health issues, accidents, or unforeseen events can suddenly disrupt our ability to work and earn an income. For most people, their income is their most valuable financial asset—it funds everyday living expenses, mortgage repayments, family…