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Interest rates influence mortgage, credit card, and savings rates for millions of people across the UK.In June, the Bank of England maintained rates at 5.25% for the seventh consecutive time, even though inflation had decreased to its 2% target. Some economists...

Approximately 400,000 homeowners are projected to see their mortgage payments rise by more than 50%, according to the central bank's financial stability report.  The Bank of England has stated that around three million UK households will face higher mortgage...

Following its landslide election win, the property industry is urging the Labour Party to fulfill its promises regarding planning reform and increased housebuilding.  The City's reaction to Keir Starmer's victory has been positive. On the FTSE 100 index,...

The Bank of England reports rising mortgage and rent costs impacting household savings and financial resilience, while UK banks remain well-positioned to support despite global uncertainties.According to the Bank of England, approximately three million households will...

Lenders are increasingly raising rates, with some reducing them and others withdrawing products. New and attractive mortgage deals are also entering the market.This week, the number of lenders raising rates on selected fixed mortgages significantly outpaced those...

Labour pledges to make permanent a scheme for low-deposit mortgages, aiming to fulfill the dream of home ownership for first-time buyers.Labour has announced it will make permanent a scheme designed to ensure low-deposit mortgages are available for first-time buyers...

The annual inflation rate for average UK house prices was 1.8% (provisional estimate) in the 12 months leading up to March 2024, compared to a revised estimate of -0.2% in the 12 months leading up to February 2024.This information is based on the latest data from the...

Telegraph Money details how declining price increases will affect your finances.In April, inflation dropped to 2.3%, a welcome decline from March's 3.2%. Despite this, it remains above the government's 2% target. The decrease raises hopes for a Bank of England rate...

Barclays Bank, HSBC, and TSB announce reductions, reversing some of the price increases seen in recent weeks.The interest rate on a fixed mortgage remains unchanged until the deal expires, typically after two or five years, at which point a new deal must be chosen....

In May, the Bank of England maintained interest rates at 5.25%, but cuts are anticipated later this year. These rates influence mortgage, credit card, and savings rates for millions across the UK.An interest rate indicates the expense of borrowing money or the benefit...

Learn about the latest developments as three major lenders, Nationwide, Santander, and NatWest, increase fixed mortgage rates. Gain insights from experts on navigating this evolving market.Three prominent lenders, including Nationwide, Santander, and NatWest, have...

Borrowers are transitioning from favorable two-year fixed-rate deals from early 2022, with the impact of higher rates diminishing throughout the year.Last week's economic data unfolded predictably. Core inflation dipped slightly more than forecast, while services...

This pioneering £5,000 deposit mortgage, introduced this week, aims to bridge the gap for individuals encountering difficulties in accumulating traditional down payments. Unlike conventional five-year mortgage products, this scheme comes with a fixed interest rate of...

Currently, borrowers are transitioning from favorable two-year fixed-rate agreements made at the onset of 2022, but the repercussions of elevated rates are expected to alleviate gradually throughout the year.

How to Make the Most of Your Family Income Benefit Striving to ensure your loved ones maintain financial security in the face of unforeseen events? Family income benefit insurance provides a tax-free monthly income, safeguarding your family's lifestyle in your...

Ultimate Guide to Income Protection: Secure Your Future Navigating life's uncertainties can be daunting, but income protection stands as a steadfast ally, shielding you from financial hardship when illness or injury interrupts your earning ability. This insurance is...

Remortgage Calculator A Comprehensive Guide to Managing Your Remortgage Considering remortgaging your property to release equity or lower your monthly repayments? At MortgageTek, a premier mortgage broker in Watford, we're dedicated to offering expert advice on...

‍When it comes to purchasing a property, most people require a mortgage to finance their dream home. However, taking on a mortgage is a significant financial commitment that necessitates meticulous financial planning and consideration. One of the key factors to...

When considering purchasing a property, one of the most crucial questions to address is, "What mortgage can I afford?" This query lies at the heart of prudent financial planning, guiding individuals towards a housing arrangement that aligns with their budget and...

First-Time Buyer Guide: Everything You Need to Know‍ Embarking on the journey of buying your first home is a thrilling chapter in your life. Yet, navigating the first time buying a home process can be daunting, particularly when you're not versed in the jargon and...