UK house prices seeing a shock rise in May
May has brought a surprise rise in house prices to the UK market of 0.4% according to Nationwide in a shock boost for sellers and lenders alike. This rise is caused by a combination of lower inflation and wage growth. The rise of 0.4% reverses the effects of a drop of 0.4% in April. The […]
General Election called for by Rishi Sunak
Wednesdays inflation figures have triggered Prime Minister Rishi Sunak to call a snap general election for July, in a surprising move for some. The UK inflation rate is at it’s lowest level for almost 3 years meaning it is back to more normal levels, something not unexpected but it does seem to have happened slightly […]
Average 5 year fixed mortgage rates are rising again
The average rate on five fixed mortgages has surpassed 5% for the first time in months. The rate now matches that of January and is higher than at the same time last year when the rate was 4.56%. This means that the average monthly mortgage payment for first time buyers in the UK is 85% […]
£5000 deposit scheme launched to help first time buyers
The mortgage was launched by Accord which is owned by Yorkshire Building Society is aimed at helping first-time buyers who can afford the monthly repayments but are struggling to get a deposit together and is vaild on houses upto £500,000. The £5000 deposit mortgage has a 5 year fixed rate of 5.99% which is slightly […]
How does the bank of England interest rate freeze help you?
On February 1st the bank of England made a decision to freeze interest rates at 5.25% for the fourth time in a row. This has been seen as a positive by many however some in the industry are calling for a cut in the rate to help ease the effects of inflation on real families […]
Interest Rates Frozen – What does that mean for you?
Yesterday, the bank of England made the decision to freeze interest rates for the first time in a long while. Whilst this hasn’t made the current market any more affordable to home buyers or home owners it is a sign that better times may be coming. Hopefully this freeze means we’ve reached a peak and […]
Welcome to The Mortgage Desk Journal
Welcome to our new journal… In this space our expert advisors will share their knowledge and expertise of all things mortgages and financial planning. We will be building a library of content here to act as a one-stop space for mortgage news and guides to help all of our clients, whether existing or new, first-time […]
