Tag: Remortgage
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Looking to Remortgage Your Buy to Let? Act ASAP
Gavin Richardson, from buy-to-let broker Mortgages For Business (MFB) has suggested that landlords who are thinking of re-mortgaging soon should act fast to lock-in the current rate. Inflation (the rate at which prices of goods and services rise) reached 6.8% in July. Even though this number has gone down from the previous month and is…
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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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Bank Of England Raises Interest Rates – Property Industry Reaction
As the Bank Of England again raises interest rates, Property118 got the reactions of several property industry experts. Interest Rate Increase What Does It Mean for Renters and Landlords? Impact on Rental Market What Are Property Experts Saying? Homeowners and Buyers Bottom Line In short, the interest rate increase will likely have a complex and…
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One In Ten Landlords Could Quit This Year
Analysis by property advisors CBRE suggests that one in ten landlords may sell up by the end of 2023. 1. Reduction in Rental Properties Their report suggests that the UK rental market is expected to lose about 10% of rental homes by the end of 2023 if landlords continue to sell their properties at the…
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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…