It was inevitable that it was going to happen, it was just a question of when. We believe that rates will be increased this Friday for Product Transfers Product Transfer rates are the deals that existing Halifax mortgage customers have access to which are available without any further underwriting. Since Halifax announced that their standard variable rate (SVR) was increasing on 1st April 2012 from 3.5% to 3.99% the lender has been inundated with Product Transfer submissions to secure these relatively attractive rates ahead of the SVR increase. We are expecting the Product Transfer deals to increase between 0.3% and 0.5% and this will be across the range from fixed rates to tracker rates. Other lender news this week Woolwich have withdrawn their product range for re-pricing due to huge demand.
The Mortgage Broker has appointed Kevin Blount as its Director of Commercial Operations. The Mortgage Broker are absolutely thrilled to have Kevin Blount as part of their senior team. Kevin brings a wealth of experience across The Mortgage Industry, and most recently, with a market leading platform, One Mortgage System. Sam Kirtikar, The Mortgage Broker’s … Continue reading “Kevin Blount joins The Mortgage Broker”
Do you have credit card debt that you would like to reduce or clear? It can be easy for the balance on your credit cards to quickly mount up, leaving you with large debts and a lot of stress.
With the Bank of England holding interest rates in September 2024, first-time buyers face a key decision: buy now or wait for lower mortgage rates. As housing prices rise and rental costs remain high, acting sooner could be wise. In this post, we explore why buying now may benefit first-time buyers.
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