mortgagenews

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 – …

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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 …

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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 …

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What it’s like for self employed people to get a mortgage at the moment? 🤔

If you’re one of the almost 5 million self-employed people in the UK, or you’re thinking of becoming one, you could face tougher lending rules. Speaking to an independent mortgage broker is a great idea (which of course we do 😀 so get in touch if you need help at https://lnkd.in/ddQ9AHQ). Get the full details …

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