US Inflation and Its Ripple Effects on the UK Mortgage Landscape
As the markets react to surging US inflation what does it mean for interest rates back home? How are lenders reacting to the news and what changes have happened this week that may make it easier for some self-employed to secure a mortgage? Insight into US Inflation and Its Potential UK Impact With a powering […]
Subtle Shifts in the UK Property Market
Another week another update, it’s been a quiet one following the easter break with not too many changes across the market. House Prices Wobble in Latest Reports from Nationwide and Halifax This week, both Halifax and Nationwide Building Society released their latest house price indices, providing valuable insights into the UK’s housing market. Here, we […]
Weekly Roundup – Accord Offers Help To First Time Buyers
First up some exciting news! We’re delighted to share that Rita Kohli has made the Rising Star shortlist in this year’s Financial Reporter Awards – We’re very excited and wish her the best of luck in the finals – stay tuned for details on how to vote! You can learn more here. Accord’s 1% Deposit […]
Are Interest Rates About to Plummet?
Having barely shifted since last autumn, many analysts expect that interest rates may start edging down. What will that mean for mortgage borrowers and anyone looking to remortgage? Time for a Fall? Most analysts agree that interest rates have peaked but there is less consensus on exactly when they will start to drop. One forecast1 has […]
Weekly Roundup – Bank of England’s Base Rate Stance
Another big week for the mortgage and property market with more lender updates, the latest inflation figures and a shift in stance from the Bank of England on the base rate. Inflation Drops to Lowest Level Since September 2021 The biggest news this week was that inflation fell to its lowest point since September 2021 […]
When Will The Bank Rate Go Down in 2024?
Some leading experts have suggested that the Bank of England (BoE) could be forced to bring forward its first planned interest rate cut sooner rather than later in 2024 if inflation drops to 2% by April. Chief economist at Oxford Economics, Andrew Goodwin has expectations that the Consumer Price Index (CPI) will average 2.1% in […]
Top 5 Tips for Getting a Mortgage With a Poor Credit Score
Obtaining a mortgage can often be a complex process, made even more challenging for those with a poor credit score. A less than ideal credit history can present unique hurdles in the journey towards homeownership. However, understanding these challenges and knowing how to approach them can open up opportunities for securing a poor credit mortgage. […]
Understanding The Risks and Rewards of Debt Consolidation
Debt consolidation (adding loans, credit card balances or other debts to your mortgage) is a term that’s increasingly cropping up in recent mortgage discussions, particularly in the current economic climate with the cost of living and higher interest rates. This article aims to shed light on what debt consolidation is, how it works, and why […]
Should You Fix Or Track Your Mortgage?
If your mortgage deal is coming to an end, you may be deciding whether to fix or get a tracker. With mortgage rates starting to drop and uncertainty whether Bank Rate has peaked, there is a lot to consider… Tracker Mortgages After 14 consecutive rises, the Bank of England held Bank Rate at 5.25% in […]
Tax Year Overviews and Tax Calculations Explained
In the complex landscape of a mortgage applications, understanding the intricacies of your tax year overview and tax calculations is very important. These essential documents, provided by HM Revenue and Customs (HMRC) serve as record of an individual’s income and tax details for a specific tax year. Whether you are self-employed or someone with multiple […]