Articles
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.
Bank of England to help mortgage affordability
The Bank of England is deciding on whether to improve mortgage affordability by withdrawing its affordability tests on all mortgages taken out in the first six months of 2022. The Bank of England’s Financial Policy Committee will meet to discuss this potential strategy soon. This could make getting a mortgage easier for some aspiring homeowners, including first-time buyers and those purchasing property in the south.
