Joanne Douglas Mortgage Services

06/02/2025

The Bank of England reduced base rate to 4.5%

So....what does that mean for you?

If you are on a variable rate then your payment will reduce and you should expect to hear from your lender......you may still be paying more than you need to so please get in touch and I can review it for you.

If you are in a fixed rate then your payments stay the same until your fixed rate ends.....if you want to chat about anything though please reach out and I can talk you through what the options are if you're thinking of moving house or raising capital.

If you are a first time buyer then it may mean your budget has increased slightly as affordability will be slightly better if lenders reduce their rates.

There are obviously a lot of 'ifs' here but I am here to help and chat through any of these or other scenarios

Email [email protected]
Phone 07736457265

13/01/2025

This fantastic 3 bed property is now available at a fixed price. No need to be wondering how much is expected as it's fixed a home report value.

In a well established development and great plot this is one you don't want to miss!

Get in touch for a viewing 📞 07736457265

Joanne

NEW FIXED PRICE Tucked away on a quiet, family-friendly street with no through traffic, this spacious 3 semi-detached home offers generous accommodation throughout. With three double bedrooms, the property provides ample living space, including a bright living and dining room that opens to a seclude...

02/01/2025

Wishing all My clients past and present a wonderful 2025!

16/07/2024

A great day had by all on Saturday but they didn't bring me a speedboat when I got the bullseye! So disappointed 🤣

16/07/2024

Tell us you're a working mum with the wean on holiday without saying it!!

Current surroundings - class 1 of 2 this evening 😊

16/05/2024

It's not all serious in Property world!

Getting into hula vibes 🌸

09/05/2024

Hey folks

So today is the day the Bank of England announce what they are doing with the base rate level - it is the day that us Mortgage Advisers wait with baited breathe for as it can mean a number of things for us........

Today they have held the rate at 5.25%

What does that mean though? So basically it leaves rates fairly static in the marketplace, had they dropped the rate we may have seen banks reduce their rates and if it had gone up the other way around.

However I feel it it is important to point out that many lenders fixed rates continue to be lower than the bank of England base rate and there is usually a number of other factors including market share and global markets which affect the actual rate you will be offered.

My advice is always to deal with what you have available at the time of application and then if rates reduce your broker will make sure that you get a better rate if available to you and your circumstances.

If you'd like to discuss or need advice

☎07736457265
📧[email protected]

29/04/2024

Hey folks

Just wanted to come on and discuss that it is all over the media about rates rising and to say it is important to get in touch with your adviser before worrying about this information as always the media also isn't quite to quick to advise when they come down the way and it's not always as bad as is being portrayed.

Yes they are rising but not with all lenders and at the same time other lenders are bringing out new products with 1% deposits and 5 year rates with only 2 years Early repayment charges so there is still a wide range of mortgages for all circumstances.

Rates will go up and down and there are a number of factors affecting it but remember it is always down to your own individual circumstances so don't let the media scare you away from your life goals and financial needs.

Your home may be at risk if you do not keep up repayments and terms and conditions apply for certain deals.

☎07736457265
📧[email protected]

29/03/2024

Hello Friday!

If you're a first time buyer there has been some great news this week from one of our lenders making it possible yo buy with just a £5000 deposit! Yes one £5000.

There is criteria to meet but if you're interested get in touch and I'll talk through your options 😊

21/03/2024

Hey,

So the Bank of England have announced that they are keeping base rate at 5.25%

What does that mean for you? Well if you are looking at a remortgage as your rate is due to end in the next 6 months then now is the time to be looking at it and securing a rate but if there are drops in the rate in between then it can be looked at again but if the rates do increase later then you have secured a good rate.

As it stands the rates are in general lower than the Bank of England base rate at the moment. If you're looking for any help please get in touch!

☎07736457265
📧[email protected]

17/03/2024

Woohoo it's my favourite day of the year!

Hope you all have a fun day and I'll be back in mortgage land from lunchtime tomorrow ☘️💚