Bank of England Base Rate Rises by 0.25% The Bank of England have increased the Base Rate to 5.25%, this is the 14th consecutive rise. At first glance this is not good news, certainly if you have a base rate tracker mortgage, but this is half what experts were predicting until we saw a drop […]
Bank of England Base Rate Rises(Again!) Read More »
Prospect Tree Mortgages have advised many clients how they can buy their rental property from their landlord. With times changing and landlords reassessing their options, now could be the perfect time to see if you are able to buy direct from your landlord. Can private rental tenants ask to buy the house from their landlord?
Buy your Home from your Landlord. Read More »
The June figures show a fall from 8.7% to 7.9% which was more than expected, experts were forecasting a figure of 8.2%. This is good news for borrowers as it takes the pressure off the Bank of England to increase the base rate as much as they may have done. What does this mean for
Inflation at lowest level in 16 Months! Read More »
Bear in mind that what you must pay back is a percentage of the property’s current value, not what you paid for it. If house prices are likely to go up over that five-year period, it’s best to pay off the loan quickly. The Government’s Help to Buy Equity Loan scheme is designed to help those
Should I repay my Help to Buy equity loan? Read More »
The business of being a landlord is changing fast. HMRC have made it difficult for Landlords to make a “profit” from rental for Landlords who have a mortgage. With rising interest rates, the gap between payments and rental has closed and in some cases, after tax, the rent may not cover the mortgage. Landlords are
The increasing Struggles of being a Landlord. Read More »
The Bank of England base rate has been increased to 5.0% following todays meeting of the MPC. We understand that our mortgage customers will be concerned about future increases in their mortgage payments. It has never been more important to speak to us if you have concerns about the affordability of your home going forward.
We can help with rising rates. Read More »
Going Green: Borrow £15,000 Interest Free Nationwide are set to update their Green Additional Borrowing (further advance) range to offer 0% products for existing Nationwide mortgage customers for the first time. Introducing Nationwide’s Revolutionary 0% Mortgage Products for a Greener Home At Prospect Tree Mortgages, we strive to keep our clients informed about the latest
Borrow Up To £15,000 Interest Free Read More »
The Pros and Cons of Equity Release: Making an Informed Decision with Prospect Tree Mortgages Are you a homeowner who needs to supplement their retirement income, pay off debts, or make home improvements but doesn’t have the funds to do so? If so, you may have heard of equity release. Equity release is a financial
Get on the Property Ladder with 100% Mortgages for First Time Buyers: Prospect Tree Mortgages Are you a first-time buyer struggling to save up for a deposit? Well, we have some exciting news for you! Prospect Tree Mortgages are now able to offer 100% mortgages through Skipton Building Society for eligible first-time buyers. While this
UK Mortgage Approvals Begin to Climb as the UK Property Market Shows Signs of Stabilising The UK mortgage market is showing signs of stabilising as mortgage approvals for house purchases have been on the rise in recent months. According to the Bank of England, mortgage approvals for house purchases in March 2023 reached 52,011, exceeding
