Honan Financial Services Limited’s Post

Mortgage shelf-life drops as lenders increase rates New data from the Moneyfacts UK Mortgage Trends Treasury Report reveals that the average shelf-life of a mortgage has dropped to 15 days, down from 28 days the previous month. The average rates for 2- and 5-year fixed mortgages saw modest month-on-month rises.

The mortgage market is unpredictable at present. Bank swap rates slowly rising means deals currently available may not be around for much longer and rates could creep up slowly. If you need mortgage advce, get in touch and speak to one of our specialists. #mortgages #wealthmanagement #JRM

Moneyfacts UK Mortgage Trends Treasury Report data reveals the average shelf-life of a deal fell to 17 days, down from 30 days. The average two- and five-year fixed mortgage rates fell, halting five months of consecutive rises. #MortgageMarket #PropertyMarket

Moneyfacts UK Mortgage Trends Treasury Report data reveals the average shelf-life of a mortgage has dropped to 15 days, down from 28 days a month prior. Month-on-month rises to the average two- and five-year fixed mortgage rates were more modest. #MortgageMarket #MortgageRates

We’re seeing seeing lower rates. It’ll be interesting to see how the Bank of Canada moves on rates as we go. May be done more gradually than expected. The Fed down south doesn’t seem to be in a hurry to drop rates fast…

Lenders are increasing their mortgage rates, in the latest blow for people buying a home and homeowners due to remortgage. The rate rises come amid concerns that the Bank of England may take longer than previously predicted to cut its base rate, which impacts the cost of borrowing for banks and building societies. Here are my thought on whether the latest increases should be cause for concern, and advice on finding the right mortgage in Which?. #johncharcol #mortgagebroker #mortgagebrokers #mortgagebrokerage #remortgage #remortgaging #fixedrates #fixedrate #producttransfer #pt #switchlenders #advice #mortgageholders #lenders #mortgage #mortgagelending #mortgagebrokeruk #mortgages #mortgageadvice #mortgageadvisor #mortgage #mortgagelending #mortgagebrokeruk #firsthomebuyers #firsttimebuyer #firsthome #firsttimehomebuyers #firsttimebuyers https://lnkd.in/eCDrVmj2

Mortgage holders hoping for lower payments this summer have been dealt a blow, as the chance of an interest rate cut in June looks “slimmer” due to high levels of services inflation. While the temptation will be to wait and hold out for the best deal, it is strongly recommended that mortgage holders speak with a broker to understand the options available up until your deal is due to expire. Further thoughts in The i Paper #johncharcol #mortgagebroker #mortgagebrokers #mortgagebrokerage #remortgage #remortgaging #fixedrates #fixedrate #producttransfer #pt #switchlenders #advice #mortgageholders #lenders #mortgage #mortgagelending #mortgagebrokeruk #mortgages #mortgageadvice #mortgageadvisor mortgage #mortgagelending #mortgagebrokeruk

UK #Mortgage rates have stopped their downward trend as more mortgage providers have increased their rates on new fixed deals, bringing an end to sub-4% offers. The average rate on a two-year fixed deal this week stood at 5.74%, while for a five-year deal, rates came in at 5.29%, according to figures from Uswitch. #uk #ukproperty #ukmortgage #propertyinvestor #property #propertyinvestment #propertymanagement #wealthbuilding #personalfinance

The cost of short-term fixed rate mortgage products has reduced over the past six months, despite the recent price increases in the last month, according to market analysis by Moneyfacts. 👇 https://lnkd.in/eAjGU9vy #Mortgage #ShortTermFixedRateMortgage #FixedRateMortgage

What's happening with Buy to Let mortgage rates? This Which? article explains what's happening to BTL rates and reveals the cheapest deals currently on the market: https://lnkd.in/eviWhf_S