INTERNET bank Egg has warned that this week’s 0.25 per cent increase in the Bank of England’s base rate, coupled with the same increase in August this year, will mean that the eight million or more people with standard variable rate mortgages could…
Tag: Mortgages
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This Is Money: Halifax Hikes Mortgage Rate
Halifax, the UK’s largest mortgage lender, has disappointed borrowers by bumping up its mortgage rate
This Is Money: Cheaper Mortgages On The Horizon
Building societies could be able to offer cheaper mortgages following a review of their funding arrangements
Motley Fool: A New Savings War!
If you’re a homeowner with a variable rate mortgage, you will no doubt be lamenting yesterday’s decision by the Bank of England to raise interest rates. The 0.25% rise means that UK interest rates are now set at 5%, the highest they have been for five years, and will certainly result in an increase in repayments for some borrowers and mortgage holders.
MoneyExpert: New Homeowners Urged To ‘check Mortgage Very Carefully’
Those looking for the best mortgage rate are being advised to consider what they can afford, following Thursday’s rise in interest rates.
Motley Fool: Could You Survive Payment Shock?
As was widely expected, the Bank of England has just lifted its base rate from 4.75% a year to 5%. This decision takes the base rate to a five-year high, with mortgage rates soon to rise in its wake. What’s more, the money markets are pricing in another 0.25% hike in February, so there’ll be more pain to come for borrowers!
Motley Fool: Selling Your Endowment Policy
If like many people you’ve become rather disillusioned with endowment policies – particularly if you have a mortgage-related endowment and you’re facing a shortfall – you may be wondering what to do with it.
Motley Fool: Find £100 Extra A Month To Be Safe
Unsurprisingly, interest rates have just been raised to 5%. I’m not going to dwell on the obvious. (Expect your mortgage rate to rise soon, look out for better savings accounts – blah blah blah). Instead I’m going to consider how to stay solvent and prosper during a prolonged period of rising interest rates.
This Is Money: Interest Rates Rise To 5%
The Bank of England has raised interest rates to their highest level for five years, putting up mortgages and the cost of Christmas
MoneyExpert: Lenders Urged To Provide Ethical Products
Companies that offer financial services such as loans and mortgages are being urged to provide ethical products by the Norwich and Peterborough Building Society.