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Latest inflation rate at 7% - WOW
On the 13th of April, the BBC reported that the UK’s inflation rate had reached 7%. This is the highest rate of inflation for three decades, and it’s putting financial pressure on scores of households.
Remortgage 6 months ahead to beat rate rises
With interest rates on the rise, it’s smart to start considering how your mortgage payments could be affected – and what you can do to save money. You might be able to switch mortgage deals to save, but when should you start looking for a new deal?
Inflation vs recession: Could the Fed cause a recession?
What happens in the US doesn’t always stay in the US. In fact, economic and financial events that unfold across the Atlantic can often be reliable – but not certain – projections of what will happen in the UK and other nations.
Six more interest rate hikes in 2022?
The Bank of England raised its base rate to 0.75% after the Monetary Policy Committee voted 8-1 in favour of another increase. When the base rate was increased to 0.5% in the previous meeting, it was the first back-to-back interest increase since 2004.
Switch mortgages to help against rising living costs
Now could be an optimal time to remortgage your current deal to get a better one, and combat against rising household expenses due to the reasons mentioned earlier, especially the projected rise in inflation. The savings you make from switching mortgage could counter any rising energy prices – and potentially much more.
