MORTGAGES; YOUR OPTIONS IF YOU WANT TO SWITCH DEALS OR ARE A FIRST TIME BUYER - THE GUARDIAN The lowdown for different categories of borrower as interest rates continue to rise. Rates on new mortgages are continuing to climb, leaving millions of people in the UK – from those [...]
MORTGAGE BORROWERS URGED TO 'MOVE SWIFTLY' TO SECURE A DEAL - YOUR MORTGAGE People considering a new mortgage "may wish to move swiftly" as product numbers and typical shelf life fall while rates are on the rise. Mortgage products now have an average shelf life of 17 days, down [...]
OVER 600,000 PAYING MORTGAGE LOYALTY PENALTY - YOUR MONEY Around 630,000 mortgage borrowers are paying a loyalty penalty, adding an average £1,000 to annual bills. Analysis of 165,000 budgets of people who approached Citizens Advice for debt help revealed 8% of people, or 11% of fixed rate mortgage customers, [...]
BANK OF ENGLAND DROPS MORTGAGE AFFORDABILITY TEST - WHAT THIS MEANS FOR YOU - IDEAL HOME The Bank of England's decision to take away the mortgage affordability test comes into effect today (Monday, August 1st). While this removes one barrier for prospective homebuyers and spells good news for the [...]
