The Bank of England will announce it's new base rate increase on the 4th of August. This comes as a way to combat rising inflation, but what does it mean for you?
We’re here to cut through the jargon and help you understand the world of mortgages. We want to share our knowledge and insight into the mortgage industry with you. We cover a wide range of topics, including buying your first home, remortgaging, moving home, buy-to-let, Help-to-Buy, new build, self-build, and mortgage protection.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
The UK’s ‘Buy now pay later ' (BNPL) firm, Klarna, has announced they’ll share data with UK credit referencing agencies from 1st June 2022. Read our article to find out how this may impact your mortgage application.