News & Insights

The Bank of England’s Monetary Policy Committee voted 8-1 to cut the base rate by quarter of a percentage point from 5% to 4.75% in November, bringing some early festive cheer to homeowners and buyers.

November 8, 2024

Inflation dips to three-year low

Inflation dropped to 1.7% in the 12 months to September, the first time it has fallen below the Bank of England’s 2% target in more than three years, but what does this mean for your mortgage?

October 18, 2024

Interest rates kept at 5% in September

The Bank of England’s Monetary Policy Committee voted by a majority of 8-1 to leave the base rate unchanged at 5% in September, although markets are still pricing in further cuts before the end of the year.

September 19, 2024

Inflation falls to lowest level since 2021

Inflation eased to 2.3% in the year to April, down from 3.2% in March, the Office for National Statistics (ONS) announced this week, providing some relief to those struggling to manage rising living costs.

May 24, 2024

What could the rise in inflation mean for your mortgage?

A surprise rise in inflation in the year to December could have an impact on mortgage rates, so if you’ve found a competitive deal you like, you may want to secure it now if you can.

January 23, 2024

8 essential steps to take if you’re remortgaging or buying in 2024

8 essential steps to take if you’re remortgaging or buying in 2024 The past year has been a rollercoaster ride for the property and mortgage market, but if you’re planning to buy or remortgage in 2024, there are several steps you can take to help things go more smoothly. Here’s our rundown of some of the things you can do to secure the deal you want and prevent you from paying too much. Check when your current deal ends If your mortgage is due to finish this year, make a note in your

January 16, 2024

Interest rates left unchanged for third consecutive month

The Bank of England’s Monetary Policy Committee (MPC) voted 6-3 to leave interest rates at 5.25% in December, the third consecutive month it has left rates unchanged.

December 14, 2023

Inflation drops sharply in October – what does it mean for you?

Inflation fell to its lowest level for two years in October, raising hopes that we may have seen the last of interest rate rises – for now. Inflation, or the rate of increase in living costs, fell back by more than many expected to 4.6% in the 12 months to October, down from 6.7% in September, according to latest Office for National Statistics data. Although this means the Government has met its pledge to halve inflation by the end of the year, it remains well above the Bank of England’s 2% t

November 17, 2023

Interest rates held at 5.25%

Interest rates held at 5.25% The Bank of England’s Monetary Policy Committee voted 6-3 to leave the base rate unchanged at 5.25% in November, suggesting that interest rates may have peaked for now. There were 14 consecutive increases in the base rate since December 2021, before the Bank chose to leave rates on hold at its September meeting and again this month. Rates have risen rapidly to try to dampen inflation, which reached a peak of 11.1% in October 2022. Since then, the main measure of

November 2, 2023

Inflation sticks at 6.7%: what does it mean for you?

Inflation remained at 6.7% in the 12 months to September, according to latest ONS data, leaving the Bank of England’s next interest rate decision hanging in the balance. Recent weeks have seen several lenders reduce their mortgage rates, after interest rates were held at 5.25% in September following a series of increases aimed at dampening inflation. It was hoped that the latest numbers from the Office for National Statistics (ONS) would show a slight fall in the rate at which living cos

October 20, 2023

A year on from the mini-budget mortgage meltdown

September 23rd marked a year since Kwasi Kwarteng’s disastrous mini-budget, which prompted the pound to plummet and borrowing costs, inflation, and swap rates all to soar, triggering mortgage market mayhem.

October 4, 2023

More mortgage pain as base rate increases to 5.25%

The Bank of England’s Monetary Policy Committee voted to raise the base rate from 5% to 5.25% in August, the fourteenth consecutive increase since December 2021.

August 4, 2023

Bigger than expected drop in inflation could be good news for mortgages

Interest rates could rise less sharply than previously expected following latest inflation figures which show soaring price rises are finally starting to cool.

July 22, 2023

What should I do if my mortgage is maturing this year?

If you’re approaching the end of your current mortgage deal, you might be wondering whether to act now

July 20, 2023

Mortgage market mayhem: what it means for you

It’s been a tumultuous few weeks for the mortgage market, with lenders pulling products especially fixed rates before usually replacing them with higher rate deals. T

June 23, 2023

Base rate increases for a record thirteenth consecutive time

The Bank of England’s Monetary Policy Committee voted 7-2 to raise the base rate for a record-breaking thirteenth consecutive time this month

June 22, 2023

Should I leave my tracker mortgage?

Should I leave my tracker mortgage? The Bank of England’s Monetary Policy Committee voted to raise the base rate to 4.5% in May, meaning more mortgage pain for those on tracker rate mortgages. Tracker mortgage deals, as the name suggests, track the Bank of England base rate, plus a set percentage. For example, if your tracker deal is base rate plus 1%, your current payable rate will be 5.5% (the 4.5% base rate with another 1% added). Whilst trackers proved a popular option in recent mo

May 23, 2023

Could a 100% mortgage be right for you?

Skipton Building Society has launched a 100% mortgage which allows first-time buyers to purchase a home without a deposit, using their rental history to boost affordability.

May 16, 2023

Should you go for a short or long-term fixed rate mortgage?

Should you go for a short or long-term fixed rate mortgage? Fixed mortgage rates are at a six-month low, making it a good time to act if you’re looking to remortgage or buy, but should you go for a two-year or five-year fixed rate deal? The short answer is that it depends very much on your individual circumstances, and whether these are likely to change over the short term, as well as how long you want peace of mind that your payments won’t change. Here, we weigh up some of the pros and co

May 2, 2023

Is now a good time to remortgage?

With speculation that rates might reduce further, homeowners may be wondering whether now’s the right time to remortgage.

April 18, 2023

Interest rates jump to 15-year high

The Bank of England’s Monetary Policy voted to raise the base rate from 4% to 4.25% in March, its highest level since 2008.

March 23, 2023

What should I do if my fixed rate is coming to an end?

What should I do if my fixed rate is coming to an end? Hundreds of thousands of fixed mortgage deals are finishing over the next few months, leaving many homeowners wondering which way to turn next. Around 353,000 fixed rate mortgages are ending between January and March this year, according to data from the Office for National Statistics (ONS). Its calculations, based on Bank of England (BoE) transactions data, suggest that the number of fixed rate mortgage deals coming to an end this yea

February 20, 2023

Could you benefit from the mortgage price war?

Mortgage rates have tumbled in recent weeks as lenders battle to attract borrowers, so those who have put their mortgage plans on pause may want to take another look at what’s available. Many people have held

February 17, 2023

Should I stick with my current lender or switch to a new lender?

If you’re approaching the end of your mortgage deal, you might be wondering whether to remortgage to a new lender, or stick with your current lender.

January 4, 2023

Six mortgage and property resolutions for 2023

The New Year can be a great time to review your financial situation and look at ways you might be able to make your money work harder for you.

December 29, 2022

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Base rate cut to 4.75%