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Average 5 year fixed mortgage rates are rising again

The average rate on five fixed mortgages has surpassed 5% for the first time in months. The rate now matches that of January and is higher than at the same time last year when the rate was 4.56%. This means that the average monthly mortgage payment for first time buyers in the UK is 85% […]

£5000 deposit scheme launched to help first time buyers

The mortgage was launched by Accord which is owned by Yorkshire Building Society is aimed at helping first-time buyers who can afford the monthly repayments but are struggling to get a deposit together and is vaild on houses upto £500,000. The £5000 deposit mortgage has a 5 year fixed rate of 5.99% which is slightly […]

Base rate frozen at 5.25% for the second time by Bank of England

The Bank of England has announced that they have voted to freeze base rates at 5.25% for the second time, giving a suggestion that it may have peaked. This is good news for borrowers and lenders alike and gives hope that we have seen the last of the steep rate rises of recent months. The […]

Interest Rates Frozen – What does that mean for you?

Yesterday, the bank of England made the decision to freeze interest rates for the first time in a long while. Whilst this hasn’t made the current market any more affordable to home buyers or home owners it is a sign that better times may be coming. Hopefully this freeze means we’ve reached a peak and […]

Welcome to The Mortgage Desk Journal

Welcome to our new journal… In this space our expert advisors will share their knowledge and expertise of all things mortgages and financial planning. We will be building a library of content here to act as a one-stop space for mortgage news and guides to help all of our clients, whether existing or new, first-time […]