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Coming to terms with the interest rate rise

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Interest Rate, Interest Rate Rise

It was always inevitable that when the Bank of England finally raised its interest rate there would be intense scrutiny about what this would mean for the business world. Also about the millions of people whose fortunes depend on it. In our industry, interest rates are all-important. There is no doubt that the Bank’s decision […]

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Bank of England Base Rate Doubles

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Interest Rates Rising

Yesterday saw the Bank of England base rate rise for the first time in 10 years. They have risen from 0.25% up to 0.5%. But what does this mean for people trying to obtain a mortgage? Initially, it will only affect the people with variable or tracker rate mortgages. There is an estimated 40% of […]

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Finance Advice Centre branches out with a new office

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Franchise, Finance Advice Centre

We know that our customers appreciate dealing with their mortgages and insurances online and over the phone. We believe that a face-to-face service is still important. Which is why this month we have spread our wings by opening our first franchise. Run by experienced mortgage adviser Aidan Comerford. Our new office, in Nuthall Road, Nottingham, […]

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Why long-term mortgages could span the generations

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Many people say in life that 40 is the new 20. But in the world of mortgages, it seems that 35 is the new 25. This is because figures show that the traditional 25-term mortgage, for so long the typical product, is gradually being replaced by mortgages whose terms last a whole decade longer. With […]

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Let an adviser sooth your mortgage stress!

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A recent survey showed that people are wasting thousands of pounds because they have apparently developed a fear of the mortgage-buying process. This is according to Trussle. They found that nearly one in 10 people found the process so stressful as a first-time buyer. That they also do not want to ever apply for a […]

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Low rates and summer resolutions makes September the month to act

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This time last year, the financial world was waiting to see what the effect of the Brexit vote would have on mortgage sales. With many predicting that the uncertainty would take its toll on the housing market. As it turned out, such worries proved to be unfounded, with the market continuing to grow and mortgage […]

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Five ways lenders can access the Bank of Mum and Dad

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Family, Bank of mum and dad

It is the lender that keeps on giving. New figures for this year showed that the Bank of Mum and Dad – or BOMAD, the term used to describe financial help given to mortgage applicants by their parents – now helps finance a quarter of all UK mortgage transactions and is expected to contribute a […]

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Why there is nothing to fear from “soaring” mortgage fees

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There is always intense scrutiny in the media about the business of mortgages. This month there was an interesting report about how mortgage fees are unjustifiably “soaring” while the interest rate continues to stay low. According to the latest research, fixed rate mortgages are at their highest since August 2013. Also, the fees associated with […]