Mortgages.scot

Is this the end of leasehold, again?

Seems like only yesterday that the Government was promising to remove leasehold on new build properties, well it was 4 years ago. But here we are again!

Leasehold

6,300 Council homes in Moray to be checked for RAAC

RAAC checks have been taking place across the country. Moray Council had previously declared there was none in the area then it was found in a High School, now all properties are being checked.

Moray
RAAC

Interest rates held at 5.25%

To the surprise of many, me included the Bank of England held interest rates at 5.25% today. The vote was very close though, right down to the wire close!

Interest

Inflation drops to 6.7%

The latest inflation figures were released today by the Office of National Statistics. There is good news but the expectation is that when the Monetary Policy Committee meets tomorrow interest rates will still increase.

Inflation

Rishi Sunak Amends Net Zero Plans

Rishi Sunak made an announcement today that changes many of the Government's green plans that were intended to come about as soon as 2026. Homeowners may well be feeling like they have finally got a win on something at last!

Green
EPC
Boilers

Inflation down nearly 1%

Inflation has fallen again, down 0.9% on last period brought on mainly due to falling energy bills. It's not all good news though as the underlying trend is that inflation is increasing. It's a cautious but welcome improvement though.

Inflation

Interest rate rise to 5.25%, the end may be in sight!

Whilst reducing inflation is the primary goal for the MPC and despite it coming down last month, the MPC was expected to increase the interest rate again this month. And they have, a further 0.25%. However, there may be signs that this could be the last, maybe.

Mortgages
Interest

5-year fixed rates now average 6%

If you thought it was bad enough that the average 5-year fixed rate mortgage to now be an average of 6%, the unfortunate follow-on from that is that I don't think it's reached the point where we can say the worst it over.

Fixed
Mortgage

UK Mortgage Charter

The UK Mortgage Charter is an agreement by principal mortgage lenders in the UK to support customers anxious about high-interest rates and provide support for those who may get into difficulty.

Mortgage Charter

Interest rate rise to 5% in further blow to borrowers

Although there was a glimmer of hope in the weeks following the last rate rise, inflation has let us down again which has resulted in the base rate being moved up 0.5% to 5%.

Mortgages

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