The potential rise in the UK Base rate, what effect will it have on mortgage & savings rates?

 

percentage signEverywhere you look in the news at the moment, the topic of interest rates is present in full flow. Whether it’s the latest statement from Bank of England governor Mark Carney, or an emphatic announcement made by one of the country’s leading economists about the consequences of a rise, the issue of interest rates is inevitably highlighted across all news forums on a daily basis.

Read moreThe potential rise in the UK Base rate, what effect will it have on mortgage & savings rates?

Broker battle for Help to Buy mortgages heats up

Mortgage

Prospective property owners across the UK have been given a significant boost this week as a number of new and attractive help to buy mortgages have been placed on the market for them to choose from. The new deals are part of a price war that is emerging between some of the country’s largest mortgage providers as the final phase of the Help to Buy initiative comes into play.

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Prime Minister plays down danger of housing bubble

bubble-1382844-mPrime Minister David Cameron has moved to allay fears that the government’s flagship Help to Buy Scheme is risking a potential ‘housing bubble’ in the market, branding the scheme as a ‘complete success’.

Mr Cameron praised the impact the scheme has had in such a short space of time, and highlighted that over 700 houses had been purchased and another 6000 were experiencing some form of market interest since it begun earlier last year.

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Mortgages set for tighter checks in 2014

2013 was an undeniably hot year for the British property market, with house prices and purchases rising to their highest levels in almost half a decade during the calendar year.

With the Bank of England set to refocus financing from their Funding for Lending scheme away from the property market this year, it is more than likely that acquiring a mortgage will become more difficult this year than the last.

Read moreMortgages set for tighter checks in 2014

Carson & Co Celebrates 40th Anniversary

                                                         

ThisCarson & Co year estate and lettings agency Carson & Co celebrates its 40th anniversary. To mark this special occasion, the firm, which has an office in Festival Place, will be holding a special event. This will be held at its Camberley office on Thursday February 13, from 6.30pm to 8pm. Customers old and new as well as members of the public and local businesses are invited to attend and help the estate agents celebrate this milestone.

Read moreCarson & Co Celebrates 40th Anniversary

National Dress up your Pet Week!

         National Pet Week                                                                 

Do you have the most stylish pet in your street? This week has marked national dress up your pet day. As we have missed this remarkable occasion we thought we would look at how as a nation we spoil our pets in other ways. So the topic we thought best is ‘Posh Pet Homes’ whether its your Hamster, Cat or pampered Pooch what sort of house do they live in?

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Bank of England issues warning to UK homeowners

BanknotesThe Bank of England has warned that people with large loan to value mortgages at the moment will struggle to maintain their loan repayments in upcoming years, if they do start to plan their finances in accordance to higher interest payments.

The Bank argued that if interest rates increase prematurely, wages will have to rise at a similar rate otherwise many will be faced with monthly repayments that they will simply be unable to meet.

Read moreBank of England issues warning to UK homeowners