For the first time in a more than a decade the Bank of England decided to increase the base rate by 0.25% up to 0.50% (read the Bank’s article here). This means that an estimated 40% of mortgage borrowers have seen their first rate rise.…
Tag: advice
How to move your mortgage and get a better interest rate
Manchester Mortgages were contacted by a new client in Didsbury who wanted to review their existing mortgage deal with the NatWest as they felt that they were paying too much but were also potentially wanting to move within the next 18-24 months to ensure that…
Getting a mortgage if you have a recent default
Situation Our clients had been living and renting a property together for 2 ½ years paying £800 per month. They had accumulated a deposit of £20,000 through savings and a small inheritance. Both have been in long term employment (In excess of 10 years each)…