As two-year fixed-rate mortgages soar to 6%, what can flat owners expect from their maintenance fees? Homeowners across the country are currently facing turmoil as it has been reported that the UK is ‘hurtling into mortgage disaster’. With two-year fixed UK mortgage rates rising above a staggering 6%, amid an […]
NatWest and Nationwide, two of the UK’s largest mortgage lenders, have announced today that they will increase interest rates by as much as 0.45% while removing some of their mortgage products from the market altogether. The move from the lenders, experts predict, is due to the financial markets reaction to the stubbornly high […]
The Bank of England recently increased its base rate for the first time in a decade. This historic interest rate rise to 0.5% may have been expected – but it has raised lots of questions, nonetheless. What does the rise mean for mortgages? Is now the right time to fix? […]
It’s probably fair to say that the mortgage market drives the UK housing market. Of course, there are cash-rich investors, who can buy property without finance, but they are the minority. Generally speaking, therefore, the health of the UK mortgage market is a very good indicator of the health of […]
Growing up we’re taught that debt should be avoided at all costs, but in the property world this isn’t strictly true. The single most important secret known and used by all the great property investors is that using other people’s money can make us rich. Or, to put it another […]
