MORTGAGE RATES HEADING DOWN WITH MORE CUTS ON THE WAY - YOUR MONEY Rising confidence among lenders and a priced in March base rate rise could lead to further mortgage rate falls in the coming days, a property analyst suggests. Rightmove’s mortgage expert, Matt Smith, said: “Mortgage lenders had [...]
MORTGAGE RATES: PRICE GAP BETWEEN FIXED-RATE AND SVR MORTGAGES REACHES RECORD HIGH - WHICH? Find out how standard variable rates compare among some of the biggest UK mortgage providers. The average rate for a standard variable rate (SVR) mortgage has surpassed 7% for the first time since 2008 - [...]
I COULD "STAIRCASE" THE 30% SHARE OF MY FLAT TO 100% BUT HOW WOULD IT AFFECT STAMP DUTY? - THE GUARDIAN Paying SDLT for the entire property was not within budget back then and I am unsure if I count as a first-time buyer. Q I bought a 30% [...]
WILL INTEREST RATES RISE, AND WHAT COULD THIS MEAN FOR MORTGAGES? - RIGHTMOVE If you’re thinking of buying a home, or are coming to the end of your current mortgage deal, you might be wondering what’s going to happen to mortgage rates over the coming months. The Bank of [...]
UK HOMEOWNERS STILL BETTER OFF THAN RENTERS DESPITE SPIKE IN INTEREST RATES - THE GUARDIAN Average monthly cost of owning 3-bed home is £500 a year less than renting, but the gap is narrowing. Homeowners in the UK are almost £500 better off a year than renters, according to [...]
SHOULD I OVERPAY MY MORTGAGE? FINANCE EXPERTS EXPLAIN WHAT TO CONSIDER - IDEAL HOME Wondering if you should overpay your mortgage? We explain what you need to think about before making your decision. Money is tight right now for many households but if you have some savings put aside [...]
STRUGGLING TO PAY YOUR MORTGAGE? FCA CONFIRMS HELP IS AT HAND - WHAT MORTGAGE A lifeline has been thrown to borrowers struggling to pay their mortgage after new guidance has been firmed up which puts lenders under obligation to support customers in financial difficulties. Lenders must now have tools [...]
7 WAYS TO PREPARE FOR AN INTEREST RATE RISE - WHICH? With another likely base rate rise on the way, find out how to get your finances ready. Interest rates are expected to rise yet again later this month as the Bank of England continues its efforts to calm [...]
SHOULD I USE A £75,000 INHERITANCE TO PAY OFF THE MORTGAGE? THE GUARDIAN I am wondering whether to keep some of the money in savings to help cover extra costs if we move. Q I’m due to inherit about £75,000 and I’d like some advice on what best to [...]
7 FIRST TIME BUYER SCHEMES THAT ARE AVAILABLE NOW THAT HELP TO BUY HAS CLOSED - WHICH? Find out what support is on offer for first-time buyers trying to get on the housing ladder. Ten years after its introduction, the curtains are to be fully drawn on the Help [...]
