Month: June 2022

Remortgage

How does a remortgage work?

WRITTEN BY KIRSTY TELLING21ST JUNE 2022 How does a remortgage work? A remortgage is the process of moving your home’s existing mortgage to one with a new lender. Remortgaging could help you save money if you weigh up the fees involved with the savings you could make. Here’s how it works. People remortgage for many [...]
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Tax

10 ways to reduce your tax bill

WRITTEN BY KIRSTY TELLING21ST JUNE 2022 10 ways to reduce your tax bill Being tax smart means knowing the basics about how tax affects your life and money. Here are 10 ways to reduce your tax bill, which could make your money go further for you and your loved ones. Personal savings allowance You’re entitled [...]
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Interest rate

How might rising interest rates affect your mortgage?

The Bank of England has raised interest rates which means bigger mortgage bills for some homeowners. Since December 2021 the Bank of England raised interest rates from 0.1% to 1.25% to combat soaring inflation. This move will have a knock-on effect as mortgage lenders raise interest rates in response, which will increase monthly payments for [...]
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