Remortgage

What is happening in housing April 2023

What’s happening with housing? April 2023

Rising rates dominated the news around housing and mortgage markets throughout 2022, setting the tone for an expected market downturn in 2023. After the latest Bank Rate rise in February increased repayments for those on variable rates, how will the mortgage and housing markets react? Up and down On 2 February, the Bank of England …

What’s happening with housing? April 2023 Read More »

Why remortgage a house? % reasons to do so

Why Remortgage a House? Here are 5 reasons to consider.

Why remortgage a house? We understand that mortgages and remortgaging can seem complicated especially when you hear terms like fixed rate, variable rates, tracker mortgages and so much more. So, what does remortgaging mean and why remortgage your home? Remortgaging is where you take out a new mortgage on a property you already own – …

Why Remortgage a House? Here are 5 reasons to consider. Read More »

Will remortgaging be cheaper?

Will remortgaging be cheaper? 6 things to consider!

One of the most asked questions when a clients’ current mortgage deal is coming to an end is: Will remortgaging be cheaper? Whilst there are many factors to consider when remortgaging such as interest rates, fees and terms of the new mortgage, Remortgaging can still save you money especially, if the alternative is to go …

Will remortgaging be cheaper? 6 things to consider! Read More »

What are variable mortgage rates?

Variable mortgage interest rates, also known as tracker or discounted mortgage products, are mortgage loans with interest rates that can fluctuate over time. The interest rate on a variable mortgage is tied to an economic index, such as the Bank of England base rate or the own building society standard variable rate. As the index …

What are variable mortgage rates? Read More »

Biggest interest rate increase in 33 years

After the Bank of England’s Monetary Policy Committee (MPC) voted to increase Bank Rate to 3% in early November, households across the country are feeling the effects of pricier borrowing.   Going up The rise of 0.75 percentage points, an eighth consecutive increase and the biggest since 1989, has a significant impact on borrowers. Future …

Biggest interest rate increase in 33 years Read More »

The disadvantages of staying on a Standard Variable Rate (SVR)

Have you thought about your re-mortgage options? Recent consumer research carried out by Legal & General Mortgage Club, found that 41% of respondents were considering not re-mortgaging, and instead staying with their existing lender and accepting the switch to a Standard Variable Rate (SVR). So why are people opting to stay? The research uncovered these …

The disadvantages of staying on a Standard Variable Rate (SVR) Read More »