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General Election called for by Rishi Sunak

Wednesdays inflation figures have triggered Prime Minister Rishi Sunak to call a snap general election for July, in a surprising move for some. The UK inflation rate is at it’s lowest level for almost 3 years meaning it is back to more normal levels, something not unexpected but it does seem to have happened slightly […]

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 […]

How does the bank of England interest rate freeze help you?

On February 1st the bank of England made a decision to freeze interest rates at 5.25% for the fourth time in a row. This has been seen as a positive by many however some in the industry are calling for a cut in the rate to help ease the effects of inflation on real families […]

Mortgage Rate News – December 2023

mortgage news december 2023

Below is an update on the mortgage rates for both new and existing borrowers from some of our lenders. Get in touch with us today if you think any of these changes could benefit you and your family. NATWEST Natwest has announced they are cutting their rates for existing customers, both in the residential and […]

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 […]