A look back at base rate over the last 20 years The Bank of England Official Rate or base rate over the last 20 years. In the chart below the first nine years shows what was a pretty normal range for base rate which averaged 4.95% over the period to Oct 2008. Since March 2009 […]
Retirement Interest Only Mortgage
What are they? A retirement interest-only mortgage is very similar to a standard interest-only mortgage, with two key differences. The loan is usually only paid off when you die, move into long term care or sell the house. You only have to prove you can afford the monthly interest repayments. Retirement interest-only mortgages are generally […]
LIFT – Open Market Shared Equity
The Low-cost Initiative for First Time Buyers – LIFT Open Market Shared Equity Scheme might be for you. Unlike the Help to Buy scheme which is only for new build homes from house builders the Open Market Shared Equity (OMSE) scheme is for homes that are for sale on the Open Market. So if you […]
Looking for a mortgage?
Things you should know….. Whether you’re a First Time Buyer, looking to move home, Re-Mortgage to a better rate or purchase a Buy to Let investment property getting the correct advice is essential. A Financial Adviser / Mortgage Broker can provide you with much more than your own bank or building society. Not only will […]