How recent interest rates rise will impact the remortgage process
The UK economy continues to fall into recession as costs of living soar. In order to tackle inflation, The Bank of England have once again raised their base rate. September 2022, has seen the 7th consecutive rate hike this year, as the base rate increased by an additional 0.5%, bringing it up to...Read More
How the new stamp duty cut will affect homebuyers
First-time buyers will no longer have to pay stamp duty on properties up to £425,000, making property buying slightly more affordable for those aspiring to own their first home. Properties valued at up to £250,000 will also now be tax-free for those wishing to purchase a second home.Read More
Mortgage Propeller on Recent Mortgage Product Withdrawal
Our CEO Matt McAllister and Senior Ops Director Laura Gorman give some insight into the recent withdrawal of mortgage products across the industry. Find out what is going on and how these changes will affect your mortgage application, as well as the best steps to take forward.Read More
Does an agreement in principle affect your credit score ?
An agreement in principle is a document that states the maximum amount you will be able to borrow from a lender. It can be easily obtained from a mortgage broker, or your chosen lender, either online or face-to-face, by completing a form outlining your earnings, deposit, and other relevant...Read More
How busy Londoners can save £1000’s on their Mortgage payments
Londoners are the most susceptible to the detrimental effects of this cost of living crisis, research from the City Hall has shown. With inflation creeping up past double digits across the UK, those residing in London are likely to feel the pinch more than the rest of the UK with inflation 1.5%...Read More
Should you hold off on buying property during the cost of living crisis?
There is no denying 2022’s property market has surprised UK citizens. With the Bank of England Base Rate increasing by 1.5% since December 2022, it’s natural that aspiring homebuyers are having doubts about whether this is a good time to buy?Read More