August Newsletter
Our latest newsletter can be accessed by clicking the link below https://tinyurl.com/4tjtpkdy
Should you fix your mortgage for two-years or opt for a tracker rate?
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,…
The Bank of England pledged rate rises would be ‘gradual and...
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…
35% struggling to afford rent or mortgage payments, says ONS
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…
Another interest rate hike – Help is available
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…
Bank of England will implement further rate hikes but markets may be...
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…
Calls for emergency mortgage summit
The Liberal Democrats are urging Prime Minister Rishi Sunak to organise an emergency summit with banks and mortgage lenders at Downing Street. This call comes amidst fears that homeowners may face financial hardship as cheaper mortgage deals are being withdrawn…
June Newsletter
Welcome to our June Newsletter. It’s been a busy couple of months at Mc Daid Mortgages and we’ve loved helping so many new people with their first mortgage. We’ve also managed to alleviate a lot of concerns for existing customers who…
Mortgage rate concern at an all-time high, research finds
Public concern about mortgage rates and defaulting on payments is at an all-time high, according to research by the debt advisory specialists, Sirius Property Finance. Sirius Property Finance has analysed UK Google Interest Scores for mortgage-related search terms to see…
Why lenders are pulling mortgage deals and what it means for you
Inflation remains high and mortgage lenders are getting the jitters. Last week they began pulling mortgages and raising prices. What does it mean for homebuyers and remortgagers? Just when we thought things had settled down, another mortgage storm as erupted….