The Rate Honourable Rishi: Lenders loosen up in response to the new PM But just a few days after Rishi Sunak took the reins as the new Prime Minister, there was talk of a confidence-boosting ‘Rishi Effect’ on the financial sector, including some lenders dropping their rates. Liz Truss might have left 10 Downing Street, …
What is happening in the mortgage industry at the moment and why are landlords so worried? Due to the ongoing instability of the financial markets, the mortgage industry continues to experience unprecedented levels of uncertainty with interest rates still rising and many rates and products being pulled. Not knowing how much your monthly mortgage payments …
Join Mashroom on Friday 4th November at 3pm to find out how your property portfolio can survive the financial crisis. Interest rates and energy bills are up and it’s hitting the property industry hard. According to the Telegraph, nearly two thirds of landlords will be coming to the end of their fixed-rate deals between now …
Today’s blog is by Stephen Smith, a non-executive director and consultant in financial services, with 40 years experience in the mortgage industry. He joined us on Friday 4th November for a deep dive into the current economic turmoil, so be sure to watch the replay! What is the best advice regarding mortgages right now? I …
Rate of flux: How will this mortgage chaos affect you? We’ve come a long way from the beginning of the year. On Tuesday 27th September, lenders left, right and centre started pulling and repricing products, leaving borrowers scrabbling to cushion themselves from the blow. What does the market’s volatility mean for landlords, first-time buyers, or …
What does the Bank of England base rate change mean for you? For the sixth time in nine months, the Bank of England has raised interest rates – now up from 1.75% to 2.25%. By recent standards, the rise – by 50 basis points – is a chunky increase, and it closely follows another 0.5% …
While renting to family and friends may seem like the easiest thing to do, you still need to know your rights It might seem like the perfect situation – you have a property that you want to let out, and a friend or family member is in need of a place to call home. Instead …
When it comes to buying property, whether it’s your first home or an investment property, what are the top questions you should ask? It’s not easy to get on the property ladder, so whether you’re a first-time buyer or investing in a buy-to-let, congratulations! But before you get too caught up in the excitement of …
Getting on the property ladder as a first-time buyer is hard, so should you consider investing in a buy-to-let instead? With house prices breaking records over the last six months, and some predicting a house price fall, many people will be wondering if it’s the right time to buy a property for the first time. …
As supply shortages ease, rental growth is on the up Rents across Great Britain rose 8.8% over the last 12 months, according to analysis by letting agency Hamptons. It said the rise showed a slowing of growth from the 11.5% it recorded in May. The average monthly rent now stands at £1,163, which is up …
