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…
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 This call comes amidst fears that homeowners may face financial hardship as cheaper mortgage deals are being withdrawn…
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…
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…
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….
House prices in Northern Ireland saw their second consecutive quarterly fall in the first quarter of 2023. The official House Price Index saw a 1.8% decline compared to the final quarter of 2022 giving an average price of £172,000. However,…