Recently the headlines have been dominated by rising mortgage rates, which has made it quite overwhelming for many homebuyers and homeowners managing their monthly mortgage payments, along with the ongoing cost of living crisis. Nevertheless, there’s some positive news on the horizon. Over the past few weeks, several major UK lenders have announced rate reductions, offering a welcome distraction from the gloomier reports we’ve seen earlier this year. Looking ahead, it’s important to note that substantial decreases in mortgage expenses are unlikely in the near future. Inflation remains high, and the Bank of England anticipates that interest rates will stay elevated for an extended period. Nevertheless, these recent developments should not be underestimated, as it presents a glimmer of hope for those who are planning to refinance in the coming months, homebuyers, or upgrade to a larger property. What does this mean for you? These reduced rates create additional opportunities for you to discover a mortgage that suits your current needs, whether you’re considering refinancing, finding your dream home, or assisting a family member in entering the property market for the first time. Please don’t hesitate to reach out to us so we can explore how we might be able to assist. We’re well-equipped to navigate the mortgage market, and we’ll take the time to understand your unique situation. Afterwards, we’ll search through a wide array of financial products to help you find one that aligns with your circumstances, lifestyle, and financial objectives. 

Whether you’re considering refinancing, finding your dream home, or assisting a family member in entering the property market for the first time, we can help 0161 250 1470.

Risk warning: Think carefully about securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it. You may be charged a fee for mortgage advice.