You may be wondering how the expected changes in the market for 2025 could affect you. The outlook could be promising, with potential improvements in affordability, opportunities to secure better rates, and tailored support for those who need it.
Continue reading “Mortgage Market: What You Need to Know for 2025”
The Bank of England has warned that mortgage payments for half of homeowners will rise over the next three years, putting 4.4 million households under financial pressure. Continue reading “Preparing for Mortgage Payment Increases in 2025”
As 2024 comes to a close, many homeowners and first-time buyers are looking for ways to secure the best mortgage deal before the new year. With fluctuating interest rates and shifting market conditions, it’s crucial to act strategically to lock in a favourable rate. Here’s how you can make the most of the current market to secure a great deal before 2025: Continue reading “Unlock the Best Mortgage Deal Before 2025”
Securing a mortgage with a low credit score may seem challenging, but it’s not impossible. Lenders assess your credit score to determine how likely you are to repay your mortgage on time. A low score signals higher risk, often leading to higher interest rates or limited mortgage options.
Continue reading “Low Credit Score: Securing a Mortgage Deal”
A decrease in the Bank Rate makes borrowing cheaper. Homeowners with variable-rate mortgages might see their monthly payments decrease, providing relief and increasing disposable income. However, people also face the downside of lower returns on their savings. Continue reading “Bank Rate: Understanding the Impact of its Fall”
Under the leadership of a Labour government, an ambitious housing agenda promises strong changes designed to address affordability, increase supply, and protect renters. Continue reading “Labour: A New Beginning for the Housing Market”
There’s promising news on the horizon, with mortgage rates continuing to fall. If this development progresses into the year, it could open up new opportunities for those looking to enter the property market but also bring significant benefits for existing homeowners. Continue reading “Falling Mortgage Rates”
As the mortgage market continues to evolve, staying informed is key to securing the best deal when purchasing a home. Several factors influence the mortgage landscape, and being aware of these can enable you to make informed decisions. Continue reading “Navigating the Mortgage Market in 2024”
In July, both two and five-year fixed-rate deals dropped by 0.02% for the first time since May. Although the forecast for further changes is uncertain, the initial drop in rates is promising and could lead to a more favourable environment for prospective buyers if rates continue to fall in 2023. Continue reading “Could falling fixed rates help prospective buyers?”
