Month: November 2017

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First interest rate rise in 10 years adds to UK mortgage burden

The recent rise in interest rates from 0.25% to 0.5% could add an extra £22 a month to average variable interest rate loans. Not all banks have been clear about their plans yet and some may try to avoid or delay passing on the impact of the rate rise to savers. This would boost their …

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Current mortgage deals could be 'dangerous' as house prices weaken and rates rise

Looming interest-rate rises and a stagnant housing market mean first-time buyers could end up trapped and paying some of the highest mortgage rates experts have warned. Those most at most risk are borrowers setting out today with small deposits. Rates available for those with 10pc equity are far better than rates available for those with …

Current mortgage deals could be 'dangerous' as house prices weaken and rates rise Read More »

bright kitchen space

Current mortgage deals could be ‘dangerous’ as house prices weaken and rates rise

Looming interest-rate rises and a stagnant housing market mean first-time buyers could end up trapped and paying some of the highest mortgage rates experts have warned. Those most at most risk are borrowers setting out today with small deposits. Rates available for those with 10pc equity are far better than rates available for those with …

Current mortgage deals could be ‘dangerous’ as house prices weaken and rates rise Read More »

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