mortgagebroker

Be prepared for soaring mortgage costs, warns OBR

Be prepared for soaring mortgage costs, warns OBR

Buried deep in last week’s avalanche of Budget paperwork was a stark warning to the UK’s millions of 🏠homeowners with outstanding mortgages – be prepared for a big leap in mortgage costs.Figures show the Office for Budget Responsibility – the public body responsible for ensuring independent ✔️economic forecasting and analysis of the public purse – …

Be prepared for soaring mortgage costs, warns OBR Read More »

Higher interest rates ‘could weigh on UK housing market

Higher interest rates ‘could weigh on UK housing market’

Nationwide Building Society has said there could be a “cooling” of the UK’s red-hot housing market because of rising inflation and interest rates.Robert Gardner, the chief economist at the UK’s second-largest mortgage lender, said the housing market is currently “remarkably robust” despite the end of incentives such as the government’s stamp duty holiday at the …

Higher interest rates ‘could weigh on UK housing market’ Read More »

First time buyers face nine year wait to get on the ladder

First-time buyers face nine-year wait to get on the ladder

Concurring to the research🧐, more than a third of UK adults matured 👩‍🦰18-34👨‍🦱 see owning their own home as the most imperative life occasion they will spare for.Three in five anticipate to own their own home inside four years of beginning to save for a deposit but with the normal UK house cost standing at …

First-time buyers face nine-year wait to get on the ladder Read More »

What UK inflation rise means, how the Bank of England could respond

What UK inflation rise means, how the Bank of England could respond

The Bank🏦 of England cautioned earlier this month that expansion will rocket to its most elevated level for 10 years which it is likely to hike interest rates💹 within the “coming months” to undertake and bring CPI back to its 2 per cent target.However, the Bank’s governor Andrew Bailey has expelled conversation of expansion proceeding …

What UK inflation rise means, how the Bank of England could respond Read More »

https://californianewstimes.com/lenders-raise-uk-mortgage-rates-as-inflation-fears-take-hold/573923/

Lenders raise UK mortgage rates as inflation fears take hold

British banks🏦 and building-and-loan unions have started to raise mortgage rates in reaction to rising expansion, marking the end of a period of ultra-low borrowing costs and building on them. Pressure Around family👪 budget. HSBC and NatWest will raise interest rates on settled rate transactions on Thursday, and Barclays will take after on Friday. There …

Lenders raise UK mortgage rates as inflation fears take hold Read More »

Interest Rate Rise

What does an interest rate rise mean for mortgages?

One of the biggest concerns around a rise📈in intrigued rates is the potential affect on the cost of mortgages.Property holders with tracker mortgage 🤝🏻 deals ought to see a quick change to their monthly installments, as their rate is specifically pegged to interest rates.In due course, a rate rise will nearly certainly affect mortgage holders …

What does an interest rate rise mean for mortgages? Read More »

First time buyers

First Time Buyers urged to ‘move quickly’ as mortgage rates rise – ‘now is the time’

First-TIME BUYERS are encouraged to get themselves “financially prepared and move quickly” to be able to urge themselves on the property🏠 ladder.In spite of an anticipated interest💶rate hike to come from the Bank of Britain, mortgage rates are still at all-time lows, and first-time buyers ought to not be disheartened by the rising rates. Even …

First Time Buyers urged to ‘move quickly’ as mortgage rates rise – ‘now is the time’ Read More »