[ Lenders are pulling mortgage rates at the quickest rate for six months, with customers facing costs totalling hundreds of pounds per year more a result. The average shelf-life of a mortgage has nearly halved since the start of February, according to data from Moneyfacts, with the average deal on the market for only 15 … Read more
[ Is the mortgage market turbulence getting you down? Have you got a mortgage-related question you need answering? Email in and we’ll get one of our experts to reply. Nick Mendes, mortgage technical manager at John Charcol, has given his advice to a reader below. If you have a question for our experts, email us at [email protected]. Question: We … Read more
[ Millennials are going to become the “richest generation in history”, a report found this week, as wealth is passed down to them from their parents and grandparents in the next two decades. The report by the estate agency Knight Frank predicts a “massive transfer of wealth and assets” to the millennial generation, defined as … Read more
[ Homeowners in England and Wales who sold up last year made an average of around £100,000 more than the amount they originally paid for their property, according to analysis by an estate agents. Hamptons, which carried out the research, looked at people who had bought their homes in the past 20 years and then … Read more
[ Is the mortgage market turbulence getting you down? Have you got a mortgage-related question you need answering? Email in and we’ll get one of our experts to reply. Nick Mendes, mortgage technical manager at John Charcol, has given his advice to a reader below. If you have a question for our experts, email us … Read more
[ The country’s biggest mortgage lender, Halifax, slashed mortgage rates today with others set to follow in a “fight” to secure business at the start of the year. The bank has taken the decision to cut rates by up to 0.83 percentage points and now offers a two-year fix at 4.81 per cent for those … Read more
[ The Bank of England has confirmed that interest rates will remain at 5.25 per cent for the third time in a row. Governor Andrew Bailey indicated that cuts are unlikely in the coming months, stressing that there is “still some way to go” before inflation falls. The Bank’s Monetary Policy Committee (MPC) voted in … Read more
