News

07 November 2024

Bank of England Base Rate reduces 

On Thursday 07 November 2024, the Bank of England (BoE) base rate reduces to 4.75%.

If you have a fixed rate that is approaching the end date or if you're on a lender's Standard Variable Rate, please contact me and I can explore the mortgage options available to you.

21st September 2023

Bank of England Base Rate remains unchanged

On Thursday 21st September 2023, the Bank of England (BoE) base rate remains unchanged at 5.25%, as inflation continues to fall. This is a positive step and many lenders are slowly reducing their interest rates.

If you have a fixed rate that is approaching the end date or if you're on a lender's Standard Variable Rate, please contact me and I can explore the mortgage options available to you.

20th September - 26th September 2023 

Shared Ownership Week

From 20th - 26th September celebrate a whole week of Shared Ownership. This is becoming an increasingly more popular and affordable way for some people to become homeowners. The minimum deposit required is just 5% of the share purchase price. Shared Ownership works by purchasing a share of a property (typically between 25% - 75%) and renting the remaining from a local authority or registered housing association. You can purchase a greater share of the property in the future, which is known as 'staircasing.'

For more information about Shared Ownership or to understand whether a property is affordable from a mortage point of view, please contact me and I'd be delighted to assist.

03rd August 2023

Bank of England Base Rate Increase

On Thursday 03rd August 2023, the Bank of England (BoE) base rate increases by 0.25% from 5.00% to 5.25% in a move to control inflation.

If you have a fixed rate mortgage, you won't experience any changes to the rate or your monthly repayment (until the initial fixed term ends). If you have a tracker rate or are on the lender's Standard Variable Rate (SVR), you will see an increase to the interest rate and your monthly repayment in due course. Your lender will contact you to confirm the revised interest rate and new monthly repayment. If you are on a variable-style mortgage rate and want to have a set monthly repayment for budgeting reasons and to prevent future potential monthly increases, please contact me and I can research the best re-mortgage solution for your need.

22nd June 2023

Bank of England Base Rate Increase

On Thursday 22nd June 2023, the Bank of England (BoE) base rate increases by 0.50% from 4.50% to 5.00% in a move to control inflation.

If you have a fixed rate mortgage, you won't experience any changes to the rate or your monthly repayment (until the initial fixed term ends). If you have a tracker rate or are on the lender's Standard Variable Rate (SVR), you will see an increase to the interest rate and your monthly repayment in due course. Your lender will contact you to confirm the revised interest rate and new monthly repayment. If you are on a variable-style mortgage rate and want to have a set monthly repayment for budgeting reasons and to prevent future potential monthly increases, please contact me and I can research the best re-mortgage solution for your need.

11th May 2023

Bank of England Base Rate Increase

On Thursday 11th May 2023, the Bank of England (BoE) base rate increases by 0.25% from 4.25% to 4.50%.

If you have a fixed rate mortgage, you won't experience any changes to the rate or your monthly repayment (until the initial fixed term ends). If you have a tracker rate or are on the lender's Standard Variable Rate (SVR), you will see an increase to the interest rate and your monthly repayment in due course. Your lender will contact you to confirm the revised interest rate and new monthly repayment. If you are on a variable-style mortgage rate and want to fix your repayments to prevent future potential monthly increases, please contact me and I can research the best re-mortgage solution for your need.

09th May 2023

Skipton introduce Track Record Mortgages with 0% Deposit 

Skipton is the first lender to offer mortgages without a deposit. Mortgages up to 100% loan-to-value for first-time buyers currently renting who can demostrate a track record of affordability of ALL monthly rent and household expenditure for a minimum of 12 months in the last 18-month period. 

23rd March 2023

Bank of England Base Rate Increase

On Thursday 23rd March 2023, the Bank of England (BoE) base rate increases by 0.25% from 4.00% to 4.25%.

If you have a fixed rate mortgage, you won't experience any changes to the rate or your monthly repayment (until the initial fixed term ends). If you have a tracker rate or are on the lender's Standard Variable Rate (SVR), you will see an increase to the interest rate and your monthly repayment. Your lender will contact you in due course to confirm the revised interest rate and new monthly repayment. If you are on a variable-style mortgage rate, please contact me and I can research the best re-mortgage solution for your need.

02nd January 2023

Bank of England Base Rate Increase

On Thursday 02nd January 2023, the Bank of England (BoE) base rate increases by 0.50% from 3.50% to 4.00%.

If you have a fixed rate mortgage, you won't experience any changes to the rate or your monthly repayment (until the initial fixed term ends). If you have a tracker rate or are on the lender's Standard Variable Rate (SVR), you will see an increase to the interest rate and your monthly repayment. Your lender will contact you in due course to confirm the revised interest rate and new monthly repayment. If you are on a variable-style mortgage rate, please contact me and I can research the best re-mortgage solution for your need.

15th December 2022

Bank of England Base Rate Increase

On Thursday 15th December 2022, the Bank of England (BoE) base rate increases by 0.50% from 3.00% to 3.50%.

If you have a fixed rate mortgage, you won't experience any changes to the rate or your monthly repayment (until the initial fixed term ends). If you have a tracker rate or are on the lender's Standard Variable Rate (SVR), you will see an increase to the interest rate and your monthly repayment. Your lender will contact you in due course to confirm what your revised interest rate will be and the new repayment. If you are on a variable-style mortgage rate, please contact me and I can research the best re-mortgage solution for your need.

14th December 2022

Christmas Closure 

The office will be closed from midday on Friday 23rd December and will re-open at 9am on Tuesday 3rd January 2023.

I'd like to take this opportunity to 'thank you' for your support throughout the year and wish you all a "Merry Christmas and a Happy New Year."

03rd November 2022

Bank of England Base Rate Increase

On Thursday 03rd November 2022 the Bank of England announced an increase to it's base rate from 2.25% to 3.00%. If you have a fixed rate mortgage, you won't experience any changes to your rate or monthly repayment (until the fixed end date). If you have a tracker rate or are on the lender's Standard Variable Rate (SVR), you will see an increase to your rate and monthly repayment accordingly. Your lender will contact you in due course to confirm the revised rate and repayments. If you are on your lender's Standard Variable Rate, please contact me and I can research the best re-mortgage solution for your needs.

23rd September 2022

"Mini-budget" announces changes to Stamp Duty

Friday's "mini-budget" meant there are new Stamp Duty rules when purchasing a property.

What does this mean for first-time buyers? You can now purchase a home up to £425,000 without paying stamp duty, an increase from the previous £300,000 threshold. The following £425,001 - £625,000 will incur a 5% charge.

What changes are there for next-time buyers? The first £250,000 is exempt from Stamp Duty; the next £250,0001 to £925,000 is charged at 5% and from £925,0001 to £1.5 million at 10%.

22nd September 2022

Bank of England Base Rate Increase

On Thursday 22nd September 2022 the Bank of England announced an increase to it's base rate from 1.75% to 2.25%. If you have a fixed rate mortgage, you won't experience any changes to your rate or monthly repayment (until the fixed end date). If you have a tracker rate or are on the lender's Standard Variable Rate (SVR), you will see an increase to your rate and monthly repayment accordingly. Your lender will contact you in due course to confirm the revised rate and repayments. If you are on your lender's Standard Variable Rate, please contact me and I can research the best re-mortgage solution for your needs.

13th September 2022

Queen Elizabeth II's Funeral - 19th September 2022

I join the rest of the UK, and many across the world, in mourning the loss of our longest-serving monarch.

As a mark of respect, I will join the nation in observing a National Bank Holiday for Her Majesty's funeral, and my office will be closed on Monday 19th September and open as usual on Tuesday 20th September at 9am.

04th August 2022

Bank of England Base Rate Increase

On 4th August 2022, the Bank of England announced an increase to it's base rate to 1.75%. If you have a fixed rate mortgage, you won't experience any changes to your rate or monthly repayment. If you have a tracker rate or are on your lender's Standard Variable Rate (SVR), you will see an increase to your rate and monthly repayment. Your lender will contact you in due course to confirm your new monthly mortgage repayment.

Your home may be repossessed if you do not keep up repayments on your mortgage

The Financial Conduct Authority does not regulate on Buy-to-Let mortgages