Tag: interest rates
April 09 2024
What does the latest interest rate hold mean for your mortgage?
When the Bank of England left interest rates unchanged at 5.25% on 1st February 2024, it was the fourth successive hold following fourteen consecutive rate rises. It comes after a fall in inflation during the second half of 2023, with a modest increase to 4% announced in January. The bank is likely to be of...
April 03 2023
1.4 million fixed-term mortgages set to expire in 2023
With 1.4 million fixed-term mortgages set to expire in 2023, we take a look at what this means for borrowers. For 1.4 million home owners whose fixed-term mortgage is due to expire in 2023, their mortgage payments are likely to rise substantially. The Office for National Statistics (ONS) says that 57% of the UK’s fixed...
