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May 20, 2015

What is best for your retirement? A Buy to Let or an Annuity...or something else?

Although withdrawing your pension money to invest in a property to let out might be appealing and the best option for some, it certainly should not be seen as the answer to everyones situation - Annuities are not dead and for many will remain the best option.

The only thing for certain is, if you investigate all the options available, you have a better chance of knowing what is right for you ~ call us now to arrange a free meeting to chat through your options - 0333 12 12 101

 


May 19, 2015

UK in deflation for first time since 1960

The Consumer Prices Index fell by 0.1% in the year to April 2015, compared to no change (0.0%) in the year to March 2015.

This is the first time the CPI has fallen over the year since official records began in 1996 and the first time since 1960 based on comparable historic estimates.

The largest downward contribution came from transport services - notably air and sea fares, with the timing of Easter this year a likely factor.

CPIH grew by 0.2% in the year to April 2015, down from 0.3% in March 2015.

However, the market could be starting to slow due to many reason which include the upcoming general election and affordability problems in London and surrounding areas, the number of completed home sales in the opening two months of 2015 was 9% lower than a year ago.


March 13, 2015

House prices now £34k above peak

According to research from Your Move and Reed Rains estate agents, the average house price in England and Wales is now more than £34,000 above the peak level recorded in February 2008.

However, the market could be starting to slow due to many reason which include the upcoming general election and affordability problems in London and surrounding areas, the number of completed home sales in the opening two months of 2015 was 9% lower than a year ago.


March 5, 2015

Bank of England mark sixth anniversary of 0.5% base rate

The Bank of England’s Monetary Policy Committee at its meeting today voted to maintain Bank Rate at 0.5%, marking the sixth anniversary of Bank of England interest rates remaining at historic lows.

The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.

The minutes of the meeting will be published on Wednesday 18 March.... more >>

Speculation remains mixed as to when and how quickly the base rate will rise but two things are almost certain; firstly, they can only really go one way, and that is up; and secondly, many lenders will try to get their interest rate increases in early so borrowers should think about acting sooner rather than later to tie themselves into better deals or risk missing the boat when rates do begin to creep upwards.


March 2, 2015

Is it the last chance for First Time Buyers to get on property ladder?

The shortage of housing stock for sale is likely to get even worse at the end of the month and those not yet on the property ladder may be risking missing out for many years to come.

From the beginning of April, those entering retirement will be able to drawdown their pensions in one lump sum and these funds could be used to invest in the property market and is likely to send house prices even higher, which will mean that those looking to buy a house for the first time may get priced out of the market for the foreseeable future.


February 27, 2015

Natwest cuts interest rates by up to 0.94%

NatWest will be making significant rate reductions across the vast majority of its residential mortgage range from tomorrow, including its higher loan to value (LTV) deals for first time buyers and those using the Government Help to Buy and New Buy schemes.

First-time buyer only fixed rate deals have seen rate cuts down to 3.64% for a 2-year fix for 5-year fix (90% LTV).

The lender's Help to Buy deals have been reduced by up to 0.54%.


February 23, 2015

Two-year interest rates from 1.09%

With strong economic figures on the back of low inflation, a lot of financial pundits are predicting no imminent rate increases - but who knows?

Maybe the Governor of the Bank of England, Mark Carney, should know. He should at least have more idea that anybody else. But it's a tough job - because every word uttered by him is scrutinised to the nth degree, especially with the whole financial sector both here and abroad looking to capitalise on any firm ‘positive’ or ‘negative’ comment.

After any interview with Mark Carney you will hear the reviews spun both ways, and for us mere mortals after hearing on one channel say that interest rates could fall because of the fear of deflation, and on another channel hearing that the next likely change is upwards and probably soon - just what are we supposed to think?

The truth is, it’s the same as it always is - you are on own to make your best judgement.

Or not!

At least not with us. Mortgage & More is here to help you make the right decision. We are sure that you will feel more confident in your decisions after talking through your options available and the positives and negatives of each - why not give it a try?


Feb 16, 2015

Happy Birthday Jo!

Trevor's wife is 38 years young today, I am sure she will love this being publicised


Feb 16, 2015

Tesco to offer mortgages through brokers

Tesco has announced plans to begin using mortgage brokers from early next year. Benny Higgins, chief executive of Tesco Bank, said in an interview with the Telegraph newspaper: “Whilst it wasn't our intention at the very outset, it is clear to us that over half of Tesco customers are buying mortgages through brokers and that number is increasing under the new regulatory code”.

Even more good news for you as this this is another step to ensure that you are getting the very best deal available ~ Call us now for free using your inclusive minutes 0333 12 12 101.


Feb 12, 2015

Interest rates up? Or will the Bank of England be forced to cut?

In a surprising turn of events interest rates may need to be cut as alluded to by Mark Carney, the Govenor of the Bank of England, in his Inflation Report speech this morning, this is because the threat of deflation, together with sterling's gains against the euro, have created an unexpected challenge.

Economists generally believe that deflation is a problem in a modern economy because it increases the real value of debt, and may aggravate recessions and lead to a deflationary spiral - put simply, if what you want to buy is likely to be cheaper next week, most people will wait.

Not every one believes deflation will be so bad, the figures are being skewed because cheaper energy and fuel prices together with the current supermarket price wars and these are unlikely to go much lower.... see Mark Carney's report here >>

What does it really mean for you though? Should you fixing or should you be taking a tracker rate? If you fix it, should you fix it for 2, 3, 5 or 10 years?

The answer to this isn't always clear cut, but as always, it is about making the 'most right' decision for you ~ call us now for free to chat through your options on 0333 12 12 101


Aug 7, 2013

95% LTV new mortgage launch

Mortgages with only 5% deposit with £199 booking fee only

No Arrangement Fee * Free Valuation * 3 Year fixed rate @ 4.59%

Call us for free using your inclusive minutes 0333 12 12 101


April 26, 2013

New mortgage launch - 10 Year fixed rate @ 3.99%

Find out if this would be good for you
- call us for free using your inclusive minutes 0333 12 12 101


April 19, 2013

5% deposit mortgage available for First Time Buyers - call us on 0333 12 12 101 for more details


April 10, 2013

Nationwide Building Society launches lowest fixed rates ever


February 19, 2013

Skipton Building Society reduces interest rates again by up to 0.3%


February 16, 2013

Happy Birthday to JoAnne, 36 years old (again)


Call us for free using your inclusive minutes on 0333 12 12 101

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