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Warning that mortgage costs could rise 13% by 2023

Homeowners are being told to prepare for a 13% increase in their mortgage interest costs by 2023 as rates are forecast to rise to rein back inflation. Expectations for rising mortgage interest costs predicted by the Office for Budget Responsibility (OBR) were buried in the Budget documents. They show that the OBR expects mortgage interest [...]

News letter

Interest Rate Rise: What Could It Mean For Your Mortgage?

The prospect of a rise in interest rates, perhaps by the end of this year, is looming large. But what it’s all about, and how could it affect you? Find simple answers to the most common questions below. What are interest rates now? The Bank of England base rate is currently pegged at 0.1%. It [...]

UK government explores mortgages tied to ‘green’ home improvements

The government is exploring plans to link mortgages to green home improvements by imposing targets for lenders, to help decarbonise the UK’s ageing and leaky housing stock. Highlighting the move in its net zero strategy, published on Tuesday, the government said it was working with mortgage lenders to support homeowners in improving the energy performance [...]

Equity Release

Large fall in equity release borrowers switching deal 0 Written by: Christina Hoghton 08/10/2021 There are many factors to consider when weighing up the value of switching an equity release mortgage, so it makes sense to take professional advice The pace at which lifetime mortgage customers are switching lender for a better deal has slowed dramatically, [...]

Low deposit mortgage deals see dramatic rate cuts

Borrowers with a five or 10 per cent deposit are seeing significant reductions in the cost of mortgages There have been large rate cuts across low deposit mortgages in the last month, according to Moneyfacts, driven by continued competition among providers. The financial information provider said that the most dramatic month-on-month average rate cuts were [...]

News Letter – October 2021

Furlough scheme ends with almost 1 million left in limbo

The furlough scheme closes on Thursday, with uncertainty ahead for people who have not yet fully returned to work. Nearly one million workers were expected to be on the scheme at the end of September, according to research by the Resolution Foundation. Of those on furlough in late July, about half on the scheme were [...]

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