The Bank of England Base Rate went down, so why didn’t mortgage rates fall?
The simple answer is that the Bank of England base rate drop we saw recently was widely expected, so swap providers had already factored this into their rate. However, alongside the reduction in Bank of England base rate, the prediction of when the next base rate drop will occur has been pushed back. The current rate will remain in place longer than was expected.
How Specialist Mortgage Brokers Can Help You Secure a Loan
Finding the right mortgage can be confusing, especially with unique circumstances. This is where specialist mortgage brokers can help. They are experts in navigating the mortgage market. These brokers offer specialist mortgage advice for people with bad credit, complex income, or unusual property types.
October 2024 Budget: What it means for First Time Property Buyers and Buy to Let Investors
The October 2024 Budget presents a mixed bag for the residential property market. For BTL investors, the higher stamp duty on second properties and stability in CGT rates are a double edged sword.
Helping you Beat the 6 Month Rule
What is the 6 month rule? The 6 month rule is generally found when either buying a new property, that’s been owned less than 6 months by the vendor of the property, or where you are looking to refinance a property you have owned for less than 6 months. Whilst the two issues might seem […]
How long does it take to get a mortgage?
In this article we answer the question how long does it take to get a mortgage? Most importantly, the things we can do to minimise this and ensure rapid offers and completion.
Protecting yourself from scams whilst buying a property
Scams are getting clever! With the advent of more powerful computers, more complex online systems and the reliance on conducting business online as well as the rapid advancement of AI systems, you need to be more careful than ever to protect yourself against fraud. Whilst we want to highlight some key steps you can take […]
Waiting for rates to drop? That might not be a good idea…
There appears to be an assumption that mortgage rates are directly tied to Bank of England base rates, and that mortgage rates will only come down in the latter part of this year. That isn’t the case, and the reality is that if the Bank of England decide not to reduce the rate, rates could actually go up.
Maximizing Your Borrowing Potential: Mortgage Affordability Explained
This guide explains mortgage affordability in the UK for residential buyers and buy-to-let investors. Learn how affordability is calculated, including income assessments, essential expenses, and regulatory limits. Discover strategies to maximize your borrowing potential and navigate the mortgage landscape effectively to achieve your property investment goals.
Trends and predictions for the UK Property Market – 5 years of data
Over the past few years, the UK property market has experienced significant changes, driven by fluctuating interest rates, economic uncertainties, and evolving demand patterns. For potential Buy to Let (BTL) investors, understanding these dynamics is crucial for making informed investment decisions. This analysis delves into the recent data on house prices, mortgage rates, and rental trends to provide a comprehensive outlook for BTL investments in 2024 and onwards.
Gifted Deposit Mortgages- What you need to know
The genesis of this article stemmed from a case where a client consolidated various funds for a gifted deposit mortgage into one account. Contrary to their expectations, this move created an administrative nightmare and nearly pushed the family to the brink, as the document requirements ballooned with the discovery of additional fund sources. The crux […]
