Bank of England CUTS Interest Rate Rise by 0.25% from 4.75% to now 4.50%. Kickstarting 2025 with more positive news for the UK mortgage market – home buyers, sellers and anyone needing to renew their existing mortgage deal. What does this mean for you? Potentially lower mortgage rates ! Anyone currently on a tracker rateContinue reading “Bank of England CUTS Interest Rate Rise by 0.25% 6th February 2025”
Category Archives: Uncategorized
Stamp Duty Changes – A Warning To First Time Buyers
As of 1st April 2025 property buyers will be subject to increased rates of Stamp Duty. In September 2022, the Government announced a temporary increase to the thresholds above which SDLT must be paid, on 31st March 2025 this comes to an end potentially adding thousands to your Stamp Duty bill. Whilst this change willContinue reading “Stamp Duty Changes – A Warning To First Time Buyers”
Bank of England CUTS Interest Rate Rise by 0.25% 1st August 2024
Bank of England CUTS Interest Rate Rise by 0.25%. At last positive news for home buyers, sellers and anyone needing to switch their existing mortgage deal. For the first time since 2020 The Bank Of England has today reduced the base rate by 0.25% from 5.25% to 5%. What does this mean for you? **Continue reading “Bank of England CUTS Interest Rate Rise by 0.25% 1st August 2024”
Self-employed? How to get a mortgage – the do’s and dont’s!
Being self-employed doesn’t mean you can’t get a mortgage, and it doesn’t mean that you have to pay higher rates! It just means you will have to jump through a few more hoops and provide more evidence to the lender. If you are considering getting a new mortgage or need to renew your existing mortgageContinue reading “Self-employed? How to get a mortgage – the do’s and dont’s!”
The £5000 Deposit Mortgage for First Time Buyers
Yorkshire Building Society (who also own the broker only lender ‘Accord Mortgages’) launch £5k (1%) deposit mortgages for First Time Buyers – Here’s everything you need to know … To be eligible for this mortgage you must satisfy all of the following lender requirements:- Please request a FREE copy of your credit file and scoreContinue reading “The £5000 Deposit Mortgage for First Time Buyers”
First Time Buyers can borrow up to 5.5 x salary with a 5% deposit on a leasehold flat OR a Freehold house
If you don’t think you can borrow enough to buy your first home, a Helping Hand from us could help you borrow up to 20% more than all other lenders. Borrowing 5.5 times your salary is now available to eligible first time buyers with a 5 and 10 year fixed rate, up to a 95%Continue reading “First Time Buyers can borrow up to 5.5 x salary with a 5% deposit on a leasehold flat OR a Freehold house”
Do you need help / support with making your mortgage payments? Mortgage Charter 2023
Do you need help or support with your mortgage? The Mortgage Charter 2023 … What is it? And how it can offer you mortgage support and help you as an existing mortgage customer. On June 26, 2023, the UK government introduced a new initiative known as the Mortgage Charter. This development was the result ofContinue reading “Do you need help / support with making your mortgage payments? Mortgage Charter 2023”
Bank of England 0.25% Interest Rate Rise 23rd March 2023
Bank of England 0.25% Interest Rate Rise 23rd February 2023 – Today has seen yet another interest rate increase of 0.25% taking Bank Of England Base Rate to currently 4.25% – it’s second increase of 2023 and 11th consecutive increase in a row. Despite these consecutive increases mortgage lender fixed rates have been coming down since theyContinue reading “Bank of England 0.25% Interest Rate Rise 23rd March 2023”
Bank of England 0.5% Interest Rate Rise 2nd February 2023
Bank of England 0.5% Interest Rate Rise 2nd February 2023 – Today 2nd February 2023 has seen another interest rate increase of 0.50% taking Bank Of England Base Rate to currently 4% – it’s first increase of 2023 and 10th consecutive increase in a row. Unfortunately, this does have an effect on mortgages depending onContinue reading “Bank of England 0.5% Interest Rate Rise 2nd February 2023”
Is now a good time to remortgage?
Is now a good time to remortgage?Mortgage rates fell back down in the last few months of 2022, having surged after September’s ‘mini-budget’. If you’re thinking about remortgaging, could now be a good time to secure a deal? Bank Rate bluesThe Bank of England has increased Bank Rate throughout 2022 and is expected to continueContinue reading “Is now a good time to remortgage?”