CLIENTS SITUATION Manchester Mortgages received a phone from potential clients in Wythenshawe asking us to review their mortgage and existing credit commitments. The clients were in their mid 40’s with grown up children, one client was self employed with the other being employed – they…
Tag: mortgages
Interest Rates expected to rise as early as May
It is expected when the Bank of England’s policy committee meet in May that they will agree to increase interest rates. Since the beginning of March a number of Lenders including Halifax, Nationwide Building Society, Santander and NatWest have increased their rates on 2 Year,…
Mortgage payments increasing from December 2017
From 1st December 2017, mortgage payments for homeowners on Standard Variable Rates with their lenders will increase. When the Bank of England announced in November 2017 an increase in its base rate for the first time in 10 years to 0.50% ( an increase of…
The Bank of England base rate rise... what does that mean to borrowers ??
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.…
Swap rates & interest rates
According to James Connington at The Telegraph, the low interest rates we’ve been enjoying – following Brexit and the Bank of England cutting its central rate to 0.25pc last year – could be set to rise in the near future. However, for the time being,…
House price bidding wars - a familiar story?
Getting into a bidding war is something that can happen to the best of us when we’ve seen our dream home – but what happens if you’re having to pay over the asking price? CLIENTS’ SITUATION Our clients were married in their early 30s, with…