Legal & General Mortgage Club says that without seeking mortgage advice, these individuals would have missed out on the thousands of extra mortgage deals that are only available through a mortgage adviser.”

https://www.mortgagefinancegazette.com/lending-news/many-borrowers-unaware-role-mortgage-advisers-03-06-2019/?fbclid=IwAR29XWwZUEWH75LJV87DzhxyMAmhYkmSt_j-2AnUeSYx-kYliGKVB-poAAo

martin lewis on interest rates and brexit

Martin lewis explaining what is likely to happen in relation to interest rates and Brexit

“Mortgage rates are related to interest rates” he explained

“The complicated things about interest rates under Brexit is that we dont know if it will be no deal or a deal”

“As markets dont like a no deal , this meansit will drop.As rates come down the pound will drop.

“If the pound drops the imports get more expensive, means inflation goes up, and interest rates go up”

“If we get a deal things are more likely to be smoother

“However he said “it is a long wayof saying i dont know”

“As we know we dont know, we need to look at the current situation,which is mortgages at an all time low.

“You wont save that much on waiting but there is a risk of them going up.

“If you are looking to get a mortgage now, rates are cheap now- it is a good time to get a mortgage

 

https://www.express.co.uk/life-style/property/1048077/martin-lewis-money-show-brexit-mortgage-property-advice

 

UK house price growth accelerates, Halifax says

UK house prices picked up last month, rising at the fastest annual pace since November, the Halifax has said.

The lender says prices in the three months to July rose by 3.3% from a year earlier, with the average cost of a house hitting a record £230,280.

Prices in July rose a stronger-than-expected 1.4% from the month before.

Despite the rises, Halifax said housing activity remained “soft”. It also said it did not expect last week’s interest rate rise to have much impact.

The Halifax’s latest survey echoed that of rival Nationwide, which also reported a pick-up in the annual rate of price growth in July.

Nationwide said annual house price growth accelerated to 2.5% in July, with the cost of the average home rising to £217,010.

https://www.bbc.co.uk/news/business-45095021

 

bank of england base rate increases again

The Bank of England has raised the interest rate for only the second time in a decade.

The rate has risen by a quarter of a percentage point, from 0.5% to 0.75% – the highest level since March 2009.

While the decision means that the 3.5 million people with variable or tracker mortgages will pay more, the rise will be welcomed by savers.

Mark Carney, the Bank’s governor, said there would be further “gradual” and “limited” rate rises to come.

#wallsend#mortgages#newcastle

 

https://www.bbc.co.uk/news/business-45043776

Bank of England governor Mark Carney says the UK economy will pick up interest rates newcastle upon tyne bbc finance

https://www.bbc.co.uk/news/av/business-44075316/bank-of-england-governor-mark-carney-says-the-uk-economy-will-pick-up

review your mortgage now before its too late

When was the last time you reviewed your mortgage . You may be paying far too much.

Interest rates are on the move and now is the time to look to fixing this before its too late

I can help.

I have saved clients thousands of pounds whilst providing them with stability and peace of mind from potential interest rate increases.

Get in touch now via contact to arrange I free chat to discuss further

 

borrowers ignoring mortgage timebomb

http://www.bbc.co.uk/news/business-42872432

 

Hundreds of thousands of homeowners could be at risk of losing their homes by ignoring how they will pay off their mortgage, a regulator has warned.

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predicted interest rate forecast by bank of england and how it may look for next few years

 

“The key question now is how quickly base rate is lifted beyond this and the Inflation Report mapped out an expected path that with rates at 0.7 per cent at the end of next year, 1 per cent in 2019 and then sticking there through 2020.”

Read more: http://www.thisismoney.co.uk/money/news/article-1607881/When-UK-rates-rise.html#ixzz56QR1YHzp