Interest rates have been put up again, rising a further 0.25% to 5.5%.
Tag: Mortgages
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Prepare For Another Interest Rate Rise
As inflation is currently running above the government’s target, it’s more than likely that rates will go up again next month, probably by 0.25%, although there is an outside chance they will rise by 0.5%.
We Don’t Trust Our Banks
A recent survey by Fool.co.uk highlighted how we do not trust our banks with our money.
How Are We Affected By Interest Rate Changes?
Interest rates have been kept at 5.25% for this month, although there are still thoughts that rates will rise again in the next few months. But how do interest rate changes affect the average person? I’ll explain in very simple terms: When rates fall, there is less incentive for people to save their money – […]
Interest Rates Remain Stable
The Bank of England has decided to keep interest rates at the same level (5.25%) this month, after last month’s surprise decision to raise the rates. As I mentioned yesterday, many experts expert more rate rises before the summer, following the 3 previous 0.25% rises in the last 6 months. Those with variable rate interest […]
Want A Shorter Mortgage? Try Overpayments
According to MoneyExpert, mortgage experts Charcol recently encouraged mortgage-holders to try to overpay on their payments, in light of the fact that many lenders are no longer making early repayment charges. Indeed, if you’re in the lucky situation of being able to make overpayments to your mortgage, and are sure your lender doesn’t charge any […]
Are You Prepared For Another Interest Rate Rise?
The Bank of England will announce the fate of interest rates again tomorrow, and there’s plenty of speculation that rates still have some chance of upward movement yet to go. Reuters surveyed 62 economists, of which just 5 thought that rates would rise this month, yet another 46 predicted rates to rise again before the […]
Motley Fool: Interest Rates Don’t Just Affect Mortgages
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Scotsman: FSA’s Findings On Mortgage Advice Sounds A Warning
AN ALARMING two-thirds of mortgage firms use processes that do not meet approved standards, according to research released this week by the Financial Services Authority (FSA).
This Is Money: Remortgage To Beat The Rise
Thousands of people will be looking to remortgage as a result of the bank rate rise. This is Money mortgage expert Simon Lambert picks the best deals