Category: Mortgages
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Mortgage Rate Cuts are not Helping the Market, Yet
Research from the Mortgage Advice Bureau shows that while any lenders are cutting mortgage interest rates, this hasn’t yet translated to more activity in the housing market. Ben Thompson from MAB said, “There are many challenges for prospective buyers to overcome before they get the keys in their hands, and right now, they’re coming from all…
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NatWest and Virgin Money Cut Mortgage Rates
Both NatWest and Virgin Money have joined the ranks of lenders reducing their mortgage interest rates. Are we seeing a price war among the banks? What’s happening? Who’s involved? Why is this happening? What do the experts say? Big Picture If you were thinking about buying a house or changing your mortgage, now might be…
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Another Bank Cuts Mortgage Rates
Yesterday three lenders reduced their mortgage interest rates, today Halifax has followed suit. The Big Picture: Banks are racing to cut mortgage rates, bringing relief to homeowners who’ve been battling high rates for a while. This is excellent news for prospective homeowners and current mortgage holders. Key Points: Action Steps for Borrowers: In Simple Terms:…
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More Mortgage Rate Cuts
3 large UK mortgage-lenders have cut their interest rates – Nationwide, HSBC, and TSB. In simple terms: Think of the mortgage market like a big supermarket. Fewer customers have been shopping because the prices (interest rates) are high. So, to attract more customers, some shops (banks) are lowering their prices a bit. But, don’t expect…
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Two More Interest Rate Increases This Year?
The Daily Mail is reporting that markets are expecting another two interest rate rises this year from the Bank of England. Interest Rate Hikes Market Reactions Inflation Concerns International Comparisons Future Predictions What Does It Mean for Property Investors? In summary, the expected interest rate hikes and economic factors present both challenges and opportunities for…
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3 Major Lenders Cut Mortgage Rates
Overview Several major mortgage lenders, including NatWest, Halifax, and Virgin Money, are reducing their mortgage rates. This change will be effective from 2nd August and follows similar rate cuts by other rival lenders in the past week. Details What This Means for You as an Investor: In simple terms, these changes could make it a…
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Mortgage Borrowers Look for Short Term Deals
As many lenders are cutting mortgage rates, borrowers are being nudged towards short-term deals to avoid being locked in at high rates. Mortgage Rates Are Falling: A Simple Explanation 1. Mortgage Rate Cuts By Big Lenders: 2. Why Have Rates Been Cut? 3. Impact on Borrowers: 4. Tracker Mortgages Becoming Popular: 5. Options for Different…