by Steven Morris | Feb 11, 2024 | mortgage, mortgage rates
What’s in the news? February 2024 The cost of moving and stamp duty is putting millions of homeowners off of potentially downsizing. Older homeowners are unable to move to smaller properties because of the financial burden that comes with a house move,...
by Steven Morris | Jan 29, 2024 | mortgage, mortgage rates
Retirement often marks a period of transition, a time to embrace new experiences and simplify life. Many retirees consider downsizing their homes, seeking a smaller, more manageable living space that aligns with their changing needs and lifestyle. However, the...
by Steven Morris | Jan 29, 2024 | mortgage, mortgage rates
After a gruelling two years of rising interest rates, the UK mortgage market is now seeing a price war as lenders compete for business. This is good news for borrowers, who are now finally seeing rates fall. Halifax, one of the country’s biggest mortgage...
by Steven Morris | Oct 6, 2023 | later life lending, mortgage
What is a Retirement Interest-Only (RIO) Mortgage? A Retirement Interest-Only (RIO) mortgage is a type of mortgage that allows borrowers 55 or older, to purchase or refinance a home without being forced to clear the debt by the end of the term. This is because RIO...
by Steven Morris | Oct 3, 2023 | first time buyer, mortgage
The average five-year fixed mortgage rate in the UK has fallen below 6% for the first time since early July, according to Moneyfacts. This is good news for homeowners looking to move and also for prospective buyers, who have faced rising mortgage rates and inflation...
by Steven Morris | Oct 2, 2023 | mortgage
Good news for retired borrowers! Five-year fixed mortgage rates have dropped to as low as 5%, the lowest level since July. This means that retired homeowners can now lock in a better rate on their mortgage for the next five years, giving them peace of mind knowing...
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