Understanding Mortgage Interest Rate Changes
Understanding Mortgage Interest Rate Changes | Interest rates are a major factor in the mortgage market. They affect how much borrowers pay each month and how lenders assess affordability. For homebuyers, landlords, or those remortgaging, rate changes can have a direct financial impact. In June, the Bank of England raised interest rates for the 13th consecutive […]
The Challenges Homeowners Face | Extraordinary Rate Rises
Shortly after we released the “Secure A Remortgage – During Unprecedented Times” post, data from Moneyfacts revealed that the average 2-year fixed rate in the UK climbed to 6.66% on Tuesday. This exceeded the previous rate of 6.63% and marked the highest level in 15 years, surpassing figures seen during the global financial crisis. With […]