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Should you fix or track your mortgage? If your mortgage deal is coming to an end, you may be deciding whether to fix or get a tracker. With mortgage rates starting to drop and uncertainty whether Bank Rate has peaked, there is a lot to consider… Tracker mortgages After 14 consecutive rises, the Bank of England held Bank Rate at 5.25% in September. Some are speculating that it has reached its peak. If, you believe interest rates will soon begin to decrease, you might consider a tracke...

Housing and mortgage market update The Bank of England (BoE)’s unexpected decision to hold Bank Rate at 5.25% in September fired the starting gun on a fierce battle in the mortgage market. Rates have since been edging down across the board as lenders compete to offer the most attractive deals. Is it time to fix? With mortgage rates having fallen from the highs of mid-2023, mortgage holders might be considering locking into a new deal. Indeed, some five and 10-year fixes are now available...

The UK mortgage market offers various loan types, but a crucial decision must be made at the outset: should you opt for an interest-only or repayment mortgage? Repayment Mortgage:- Standard loan model, common for home loans.- Borrowed amount split across the loan term (25-40 years) with monthly repayments covering the loan and interest.- Generally low risk, with downsides being tax inefficiency and potential opportunity loss. Interest-Only Mortgage:- Borrower pays only the interest, deferri...

Embarking on the Property Journey: A Guide to Conveyancing With the Mortgage Hub, our team is here to help you every step of your journey but hopefully, this little guide will help to demystify this process. What is Conveyancing? Legal process transferring property ownership. Ensures a smooth, lawful transaction. Steps in the Conveyancing Process Instructing a Conveyancer: Engage a conveyancer or solicitor. Handle legal aspects, guide through the process. Property ...

There are many ways we can help clients in these uncertain times. To put it simply, it's not just about obtaining business. Sometimes, we merely offer advice and reassurance. Kirsten recently met with a client who had some historic adverse credit. The client had already spoken to a broker, and based on this advice, she had chosen to proceed with the best deal they could find, which was with a specialist mortgage lender, and the interest rate was between 8 and 9%. The broker also charged ...