The latest inflation stats from ONS for November show a fall from 6.7% to 4.6% which was more than expected. This means inflation is at its lowest level since 2021. This is good news for borrowers as it takes the pressure off the Bank of England to increase the base rate. This may lead to …
Bank of England announcement, rates unchanged at 5.25% Following on from recent inflation figures The Bank of England have voted 6 – 3 to leave rates unchanged at 5.25%. This can only be viewed as good news and hopefully indicates that cuts may be closer than originally predicted. Fixed rate mortgages are priced in line …
Rates unchanged at 5.25%. Green shoots appearing? Read More »
In today’s fast-paced world, employee wellness goes beyond just physical health and mental well-being. Financial health plays a pivotal role in overall wellness, and a secure home is a cornerstone of financial stability. HR managers are increasingly recognising the importance of addressing financial wellness among their staff, and one effective way to do so is …
Boost Employee Financial Wellness with Prospect Tree Mortgages Read More »
5 Year fixed rates falling 5 year fixed rates falling as lenders announce new rates this week. Sub 5% rates released Several high street lenders have released fixed rates below 5% as inflation news filters into cheaper mortgages. Following on from better than expected inflation figures and The Bank of England having voted to leave …
Applying for a mortgage as a self-employed individual in the UK can be a bit more complex than the process for salaried employees. Lenders typically require more documentation to assess your income stability and affordability. In this article, we’ll guide you through the essential documents you need when applying for a mortgage as a self-employed …
Self-Employed Documents required for a Mortgage Application – 2022 / 2023 NOW Read More »
Bank of England Holds Interest Rates at 5.25% Following on from better than expected inflation figures The Bank of England have voted 5 -4 to leave rates unchanged at 5.25% bringing to an end 14 consecutive rises. This can only be viewed as good news and hopefully will be the beginning of lower rates for mortgage …
Interest Rates announcement. BOE holds at 5.25%…. Finally some good news Read More »
Dreaming of celebrating this Christmas in your new home? It’s not too late to make it happen! Buying a home can be a lengthy process, but with a strategic plan and a sense of urgency, you can secure your new home and be settled in by the festive season. In this blog post, we’ll guide …
Act Now for a Home by Christmas: Your Guide to a Timely Move Read More »
House prices fall by 5%. Good news for First Timers and Home Movers. According to the Nationwide Building Society, houses on average have fallen by 5.3% in the 12 months to August 2023. If you’re looking to buy your first home or move up the ladder this should be seen as positive news. It may …
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 …
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? …
