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  • When is paying less actually paying more?

    Dream First Home

    The title may sound impossible, but as we often find, it can be all too true.

    When searching for a mortgage deal there are many variables to consider. During the course of what us brokers call ‘fact-finding’ we ask questions to narrow down the thousands of possibilities. The more information we gather, the more accurate the results and the more likely our customers are to be accepted first time with their chosen lender.

    To coin a phrase; it’s like painting pictures with words.
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  • Interest rates to rise?

    Many lenders withdrew and re-priced some of their fixed rate products recently, perhaps in anticipation of a sooner-rather-than-later rise in interest rates.

    The Bank of England base rate has been held at the historic low of 0.5% for the 22nd consecutive month which continues to provide welcome respite for borrowers whilst the economy maintains its slow recovery from the deepest recession since World War II.

    However, it’s not just the voices of angry savers trying to force the collective arms of the Bank of Englands Monetary Policy Committee (MPC) but the consistently well-above-target (2%) rate of inflation, which latest figures put at 3.7%. This is before the effects of the recent hike in VAT to 20% make it through to the inflation figures in months ahead.
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