by Llewellyn Prudent | Feb 5, 2024
BASE RATE – Following 14 consecutive rises, the Bank of England opted to leave the Base Rate at 5.25% for the third meeting in a row. INFLATION – The Bank of England’s decision- making is influenced by the continuing good news with regard to inflation. The...
by Llewellyn Prudent | Aug 23, 2023
Many of us are wise after the event, but consider this regarding those of normal working age: – 109,448 UK adults, aged 18-65 died in 2020 – that equated to 1 every 5 minutes. – Currently, over 2.5 million people in the UK are off work long-term due...
by Llewellyn Prudent | Aug 23, 2023
Reassurance for YOU In June this year a MORTGAGE CHARTER was agreed between the government and the majority of lenders to help protect vulnerable residential mortgage borrowers, at a time of rising interest rates and with many coming towards the end of their Fixed...
by Llewellyn Prudent | Aug 15, 2023
Time to Remortgage? 800,000 borrowers are coming to the end of their fixed rate deal in the second half of 2023. This equates to around one-tenth of all borrowers. (Source: UK Finance, June 2023) Broadly, for those now looking to remortgage, there could be three main...
by Llewellyn Prudent | Aug 15, 2023
How it may impact you… Fixed Rate borrowers If you’re on a fixed rate deal, then any change in the Base Rate would not affect you until your deal period ends. Although, it may influence decision-making 6 months+ ahead of the end of your deal period. And will...
by Llewellyn Prudent | Aug 15, 2023
Here to help…Summer 2023 Converging movement of Swap Rates and Bank of England Base Rate Swap Rates influence Fixed Rate mortgage deals. The 5-year Swap, for example, rose to 5.21% following the mini-Budget in September, and dropped to 3.25% at the...