How does an Interest rate cut effect Mortgage borrowers?
It is no surprise that The Bank of England have voted today to cut interest rates from 4.5% to 4.25%. It has been heavily predicted in the market that there would be a rate cut. If you are a mortgage borrower the impact depends on the type of mortgage you have. Variable or Tracker mortgage […]
Good news for First time buyers as lenders reduce Fixed rate mortgages.
Mortgage lenders over the last 2 weeks have been reducing their fixed rate mortgage deals. This is welcome news for First time buyers and clients looking to move house or remortgage their property. The main reason for this is the rate at which Mortgage lenders borrow money at has been falling over the last few […]
Are you a first-time buyer? Struggling with a deposit?
I have been advising on mortgages for over 15 years and the deposit has always been the main issue for most first-time buyers. As well as finding the deposit money, you need funds for solicitors, valuation fees, potentially stamp duty and then furnishing your property. Not every first-time buyer can rely on the “Bank of […]