Mortgages 2.0’s Post

The Bank of England has decided to reduce Base Rate to 4.75%. Those on a tracker rate mortgage should see your monthly repayments reduce. However a number of lenders yesterday increased their rates as there are a number of factors they take into account when setting their pricing. #firsttimebuyer #homemover #newhome #mortgagetips #homebuyingtips #dreamhome #movingday #homeownership #movinghome #firsthome #firsttimebuyertips #timetobuy #timetomove #protection #lifecover #criticalillnes #incomeprotection #familyincomebenefit #lifestyleprotection #southampton

For the first time since 2020, the Bank of England cuts the Base Rate to 5%, sparking potential changes in mortgage rates. With inflation down to the 2% target, mortgage rates are stabilizing, and new sub-4% rates are emerging for borrowers with larger deposits. 🔍📉 #MortgageRates #InterestRates #BankOfEngland

📊 #Labour promises lower mortgage rates, but can they deliver? • Average 5-year fixed rates still above 5%, 2-year fixes near 6% • Economists say government has little control over rates • #BankofEngland sets rates independently • Markets expect base rate to fall to 3.5% in next two years While Labour pledges economic stability, their influence on mortgage rates may be limited. The real power lies with the Bank of England! What's your take? Can political promises impact your mortgage? 🏠💰 Full article: https://vist.ly/3d4y4 #MortgageRates #UKHousing #LabourParty #EconomicPolicy

Last week the Bank of England reduced the base rate from 5% to 4.75%, however there will be no change for mortgage holders that are on a fixed rate deal and it may not mean that mortgage rates will decline due to the uncertainty of the economy following the budget announcement last month. 

We are observing a unique situation where several banks are increasing their fixed-rate prices. According to The Telegraph, “Lenders raise mortgage rates despite Bank of England (base rate) cut.” Our MD, Adrian Anderson, warned that "while there is plenty of pent-up demand from buyers who have been waiting for fixed mortgage rates to come down, rates staying higher for longer will not help the property market." Swipe for the full comment. This can be a complicated scenario to grasp, but our team is here and committed to providing you with a customised solution tailored to your needs. Read the full article here: https://lnkd.in/dg2mGTZ9 #UKMortgageRates #UKPropertyMarket #FixedRatesUK #FinancialAdviceUK #UKHomeBuying #CustomMortgageSolutions

🏦 NEW BLOG: https://lnkd.in/ev57YNuS 🏦 The UK is still recovering from 2023’s mortgage crisis and, amidst efforts by the Bank of England, things may finally be looking up in 2025. Read our latest #CCGBlog for an exclusive forecast of next year’s mortgage rates. Will you be able to afford them without breaking the bank? #MortgageRates #InterestRates #BankOfEngland

Mortgage rates are on the rise! 📈 Market trends indicate the Bank of England might not cut borrowing costs as much as hoped due to stubborn inflation, leading banks to hike their fixed rates. According to Moneyfacts, the average two-year fixed mortgage rate is now at 5.83%, and it’s unlikely to drop below 4% anytime soon.  With about 1.6 million fixed-rate deals ending this year, it’s crucial to explore your options.  Find out more about our loan and mortgage options on our website. #propertyze #ukpropertyinvestment #househunting #onthemarket

BASE RATE COMES DOWN TO 5%. Good news! The Bank of England has reduced the base rate from 5.25% to 5% in today’s review. The base rate has remained at 5.25% since August 2023, so this reduction is significant and will be a boost to the property market.   ℹ️ If you’re on a tracker rate mortgage, which moves in line with interest rates, your monthly payments should come down.   ℹ️ If you’re on a standard variable-rate mortgage, your monthly payments may well be reduced, depending on your lender.   ℹ️ If you’re on a fixed-rate deal, your monthly payments will stay the same until the fixed term ends. Questions? I'm here to help. #baserate #interestrate #bankofengland #mortgagerates

Interest rates are coming down - so why are there fears mortgage rates may be about to rise? Markets expect a series of interest rate cuts over the winter - yet those hoping mortgage deals are on a straight path down may be disappointed. Swap rates, which dictate how much it costs lenders to lend, rose at the end of last week on fears the Middle East crisis could impact oil prices and cause inflation. If that were to happen, the Bank of England may take longer to cut the base rate. Smaller lenders such as Aldermore and Keystone today announced either rate increases or product withdrawals - and there are predictions more familiar names could soon follow suit.

👏 Bank of England have lowered the base rate to 5%! 🥳 This has come after SEVEN consecutive holds at 5.25%... What does this mean for mortgages? 🙌 If you have a base rate tracker mortgage, you may notice a reduction in your repayments in the coming weeks... 🙌 We could see lenders boost their rate reductions more We've seen lenders consistently reducing their rates over the last few weeks by small margins So this is a very positive sign for the housing market 🤩 For anyone with cases going through with me at the moment, I will be keeping an eye out on those reduction emails for you 😃 On a more important note... I had my hair chopped off yesterday 🤣 It's so short! 🙈 but I'm getting used to it 👏 #Rates #RatesDrop #bankofengland #mortgagerates #RateReduction #housingmarket #housepurchase #homebuying #lenders #baserate #MortgageAdviser #mortgagebroker #newhaircut