Money Saving Tips

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How homeowners can put £4,000 back in their wallet this year

Switching your mortgage could save you a large amount of money With many people resolving to manage their money better in 2018, it is no surprise that January is the most popular month of the year for switching a mortgage. For the two million homeowners currently on a standard variable rate (SVR), opting for the [...]

2018-01-11T11:11:09+00:00 January 11th, 2018|Money Saving Tips, Mortgage Advice, News|

Buying a home is cheaper than renting for most

According to a recent study by Zoopla, it is cheaper to buy a property than to rent, unless you live in the capital. The study of 50 cities in the UK revealed that in 49 of them it was cheaper to buy than rent a home, saving an average of £1,600 per annum. However, London [...]

2017-12-19T10:30:55+00:00 December 19th, 2017|Money Saving Tips, Mortgage Advice, News|

New mortgage lending in UK hits highest level since 2008

Boom driven by customers remortgaging homes to lock-in cheap deals as proportion lent to first-time buyers drops British households are taking on the highest levels of new mortgage debt since the beginning of 2008, spurred by low interest rates from the Bank of England, even as the ratio of first-time buyers dwindles. Banks lent new [...]

2017-12-14T11:32:50+00:00 December 14th, 2017|Money Saving Tips, Mortgage Advice, News|

How to stay on top of mortgage debt as balances reach all-time high

British homeowners now have the greatest level of mortgage debt per household on record, due to continued house price growth and longer mortgage terms. The average outstanding mortgage stood at an eye-watering £121,678 in August, according to the October Money Statistics, produced by The Money Charity. This is the first time the average balance has [...]

2017-11-09T10:35:52+00:00 November 9th, 2017|Money Saving Tips, Mortgage Advice, News|

Interest rate rise – but what happens next?

Bank of England expects to raise interest rates at least TWICE more The Monetary Policy Committee voted seven to two to increase its base rate for the first time in a decade, doubling it to 0.5% The Bank of England has doubled its base rate to 0.5% - and predicted two more hikes to come. [...]

2017-11-02T13:22:00+00:00 November 2nd, 2017|Money Saving Tips, Mortgage Advice, News|

Impending rate rise? This is how much extra you could pay on your mortgage

The Consumer Price Index (CPI) increased to 3% in September, making the prospect of a Bank Base Rate rise next month more likely. How much would a rise increase your mortgage payments and what can you do to prepare for it? The UK’s key inflation rate – the Consumer Price Index – increased to its [...]

2017-10-18T08:48:36+00:00 October 18th, 2017|Money Saving Tips, Mortgage Advice, News|

Ten mortgage lenders increase rates within one week

Experts have predicted mortgage rate rises for years but they have stayed low - are things changing now? At least 10 lenders have increased mortgage rates in the past week – including giants Nationwide and Halifax – as expectations grow of a rise in the leading Bank Rate set by the Bank of England. The [...]

2017-10-05T14:52:37+00:00 October 5th, 2017|Money Saving Tips, Mortgage Advice, News|

Remortgage activity surges ahead of expected interest rate rise

Remortgage activity surges ahead of expected interest rate rise There was a surge in remortgage activity in August, as borrowers look to lock in to cheap deals ahead of an expected interest rate rise. According to figures from UK Finance, the new trade association which has replaced the British Bankers’ Association, there were 27,768 remortgage [...]

2017-09-26T12:53:41+00:00 September 26th, 2017|Money Saving Tips, Mortgage Advice, News|

Landlords raise rents in response to buy-to-let tax changes

The raft of regulation changes that have hit the buy-to-let sector in the past 18 months are finally filtering through, with landlords passing on rising costs to tenants, new research shows. According to the latest Your Move Buy to Let Index, the average rent in England and Wales has gone up 3.1% in the past [...]

2017-08-31T11:47:27+00:00 August 31st, 2017|Money Saving Tips, Mortgage Advice, News|

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