Articles
Direct rates offered through lender portals can be costly?
What examples of this can be seen?
Rates offered directly through lender portals can be 0.20% to 0.50% higher than those available through brokers for the very same lenders. This is known as Lender Dual Pricing.
Lender Dual pricing: what it means to the mortgage seeker
First, let’s look at exactly what dual pricing is.
Dual pricing is where lenders offer a different set of rates to those going direct rather than through a broker. Although many lenders have abolished this practice, it has become more common recently. Today, around 70% of mortgage applications are made through brokers.
Bank of England January 2020 base rate meeting
With just one day to go before Brexit, the Bank of England (BoE) met and issued an unpromising forecast.
The central bank opted against a rate cut, though it warned of slow growth following Britain’s departure from the European Union.
The Bank of England’s Monetary Policy Commitee (MPC) voted 7-2 in favour of keeping the base rate at 0.75%.
Help to Debt (HTD) – the importance of good advice when it comes to making borrowing decisions
Despite many changes in regulations regarding mortgages and other types of lending, low interest rates have given many the temptation to borrow more or consolidate existing debt.
How the Great British Pound is faring against Euro and US Dollar
It’s business as usual for us when it comes to measuring the Great British Pound (GBP) against other economies. Naturally, the mortgage market is affected – either positively or negatively – as outside influences alter, so we continually keep our finger on the pulse of what’s going on.
