Understanding the latest news and trends in the property market can help you make informed decisions about buying or remortgaging a property. Our blogs in this category provide insights on everything from interest rate fluctuations to regional property trends.
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. […]
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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
Understanding Inflation and it’s Impact on UK Mortgages Introduction Inflation in the UK has been a hot topic in recent months, with figures rising to a 10.4% high in February. However, the latest statistics from the Office for National Statistics (ONS) show that inflation has fallen to 10.1% in March. This is good news for
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The Bank of England just increased the Base Rate: What does this mean for your mortgage payments? Date: 23rd March 2023 Author: Prospect Tree Mortgages The Bank of England‘s Monetary Policy Committee (MPC) recently announced that the base rate has been increased to 4.25%. This news has raised concerns for many homebuyers and those looking
First-Time Buyer Mortgages: Debunking Myths and Deciding Whether to Buy in 2023 Before we delve into the good news about buying a property in 2023, it’s important to keep in mind that interest rates can vary daily and are not available to everyone. The rates shown in the article, which were sampled from the market
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Mortgage Rates in the UK: Understanding the Market Purchasing a home is one of the biggest financial decisions a person can make. With this is mind, it’s essential to understand the current state of mortgage rates in the UK and what factors could impact them in the future. In this article, we will answer some
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Will The Base Rate Increase Again This Week? The Bank of England’s Monetary Policy Committee (MPC) is set to discuss the base rate again on February 2nd and experts predict an increase of between 0.25 and 0.5 percentage points. Although this could mark the 10th increase to the base rate in just over a year,
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Why partner with Prospect Tree Mortgages Working with Prospect Tree Mortgages an be a great opportunity for businesses, particularly those in estate agency, accounting, and legal industries. By partnering with us, these businesses can offer their clients a high-quality mortgage advice service, while also earning a share of the commissions generated through lenders and insurance
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Key Differences between Tracker-Rate and Fixed-Rate Mortgages: Understanding the Pros and Cons for UK Homebuyers – Prospect Tree Mortgages When it comes to obtaining a mortgage, one of the biggest decisions a homebuyer will make is choosing between a tracker rate and a fixed rate mortgage. Both types of mortgage have their own set of
Property Market in 2023: Canterbury, Kent The property market in Canterbury is an interesting one to examine, with a variety of factors that contribute to its attractiveness for potential buyers and investors. One of the key drivers of the property market in Canterbury is tourism. The city is home to the famous Canterbury Cathedral, which
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