Andrew Sheen No Comments

Bank of England Cuts Base Rate to 4.75% – What This Means for Your Mortgage

For the second time in 2024, the Bank of England has reduced the base rate, lowering it from 5.00% to 4.75%. While not a unanimous decision, the reduction reflects the central bank’s ongoing efforts to ease financial pressures.

However, Bank of England Governor Andrew Bailey has indicated that while additional cuts may be on the horizon, a further rate reduction in December is now less likely following recent budget announcements. Instead, gradual rate reductions are expected to extend into 2025.

What Does This Mean for Your Mortgage Payments…..

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family insurance benefit insurance
Jake Powell No Comments

7 Reasons Mortgage Protection is Paramount

Mortgages are a significant financial commitment for most people, and protecting you, your family, and your lifestyle is crucial. Mortgage protection is a form of insurance designed to safeguard your home and your family’s financial well-being in the event of unforeseen circumstances.

To arrange your without-charge consultation right away, call us today at 0345 512 0125 or use our online contact form.

In this blog, we’ll explore seven compelling reasons why mortgage protection is paramount.

Key benefits and reasons will include;-

  • Financial security for your loved ones
  • Preventing repossession
  • Coverage for critical illness
  • Easy application process
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Jake Powell No Comments

6 Common Mistakes to Avoid Before Applying for a BTL Mortgage

Investing in a Buy-to-Let (BTL) property can be a lucrative way to generate a steady income and build wealth over time. However, before you dive into the world of BTL mortgages, it’s essential to be aware of some common mistakes that can hinder your success. To help you make informed decisions, we’ll discuss six common mistakes to avoid when applying for a BTL mortgage.

Key mistakes that we’ll discuss in this blog post cover;-

  • Neglecting marketing research
  • Underestimating costs
  • Ignoring the importance of credit
  • Failing to seek professional advice
  • Overleveraging
  • Neglecting property due diligence 

To arrange your without-charge consultation right away, call us today at 0345 512 0125 or use our online contact form.

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Interest Rates Held at 5.25%
Andrew Sheen No Comments

Interest Rates held at 5.25%

After 14 consecutive base rate rises, the Bank of England have left interest rates unchanged at 5.25% for the first time since November 2021.

The decision by the Bank of England to leave interest rates unchanged represents a significant development in the country’s monetary policy. In this article, we provide our analysis of the situation

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Jake Powell No Comments

How To Improve Approval Chances When Your Remortgaging

Remortgaging is a financial term that involves switching your existing mortgage to a new one, often with a different lender or on renewed terms with your existing lender. People choose to remortgage for various reasons, such as securing a better interest rate, releasing equity on their property, or consolidating debt.

In this blog, we’ll explore several ways to help you improve your approval chances when remortgaging.

If you would like to speak to an experienced and helpful team about your remortgaging situation, please see our contact details at the bottom of this article.

Key points covered to improve remortgaging approval chances include;-

  • Assess Credit Score
  • Understand Your Finances
  • Reduce Debt
  • Gather Documentation
  • Choose The Right Lender
  • Demonstrate Stable Employment
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