In the ever-changing landscape of the economy, interest rates play a pivotal role in shaping the commercial real estate market. The rise in interest rates can have far-reaching effects on various aspects of the industry, from property values to financing options. In this comprehensive guide, we will delve into the impact of high-interest rates on […]
July 22nd 2023 |
Do you know Interest rates are Too High? The troubling situation in the mortgage sector seems to be worsening, with interest rates too high for first time buyers and buy-to-let investors. TSB, Lloyds, Santander, and a few building societies also increased their costs. Halifax informed intermediaries that its refinancing rates will rise by 0.54% today […]
July 16th 2023 |
According to a recent survey conducted among 2,000 British citizens, it has come to light that a significant number of homeowners are currently facing difficulties in covering their mortgage payments due to the prevailing economic challenges. The survey revealed that a staggering 56% of homeowners find themselves in this predicament. This alarming statistic highlights the […]
July 9th 2023 |
In recent years, the availability of mortgage products on the market has increased significantly, giving borrowers with a greater variety of alternatives to fit their demands. This development of mortgage products has provided potential homeowners with additional flexibility and expanded chances to get financing that meets their unique needs. The competition between fixed interest […]
June 3rd 2023 |
The Bank of England increased interest rates from 4.25% to 4.50% in May, the 12th rise since December 2021 when the rate was 0.1%. This brings the Bank rate to its highest level since 2008 and raises borrowing costs. The next rate decision will be announced on June 22, 2023. Mortgage rates surged after last […]
May 22nd 2023 |
The study aimed to gather insights into the Mortgage Rates status of a significant number of homeowners in the UK who currently hold mortgages. The survey’s sample size was 2,304, which was considered statistically significant enough to draw conclusions. The respondents were from various regions across the UK. And the study conducts not too long […]
April 28th 2023 |
A bridging loan is a particular type of short-term property finance, covering anything between a few days to a couple of years. The loans provide an interim solution when the standard mortgage process is either unavailable or unsuitable. Bridging loans can offer a practical route to securing a property in numerous situations. For example: […]
March 17th 2022 |
As of November 2021, there were 4.2 million self-employed people in the UK, and many of them will think about owning their own homes at some point. Mortgage lenders will consider you self-employed if you own at least 20-25% of a business, and when that business provides your primary source of income. Among the many […]
February 24th 2022 |
As a nation, we’re living longer and healthier lives, which means there are more things we can and want to do in later life. Whether it’s making a final move to a dream home and location, splashing out on some well-earned luxuries or travelling around the world, older people are more active than ever and […]
January 24th 2022 |