Richard Pollitt - Fee Free Mortgage and Protection Adviser

17/12/2025

Will the Bank of England reduce the base rate tomorrow?

There are a lot of rumours and speculation that the BOE will reduce the base rate to 3.75% tomorrow. But will it happen?

The news today that inflation has dropped to 3.2% is good news and could support a decision to reduce the base rate. However, inflation is still above the target of 2% and this could be used as a reason for the base rate to remain at 4%.

The base rate is decided by the Monetary Policy Committee and is subject to 9 votes and would require a minimum of 5 votes (of the 9) to reduce the base rate.

The real question is, what does it mean for mortgages if the base rate is reduced?

⭐️ Fixed Rate Mortgages - If you are currently in a fixed mortgage then unfortunately this won’t make any immediate difference to you, however it would be a step in the right direction for when you are due to come out of your fixed period.

⭐️ Tracker Mortgages - If you are on a tracker mortgage then your interest rate will reduce by 0.25% to reflect the change in the base rate.

⭐️ Variable Mortgages - Your lender may decide to reduce the rate that you are paying but this is not guaranteed as a variable rate is set by the lender and has no direct link to the Bank of England base rate.

⭐️ Buyers/remortgage - Some lenders have already factored in this reduction due to their certainty that this change would be made, however other lenders are likely to reassess their mortgage ranges and potentially bring out lower rate products.

📣 For my clients who have mortgage applications submitted - If your application is already in and are awaiting completion then I will review the products available if the rate is reduced, to see if there is a more cost effective product available and contact you to discuss options.

❓If you have any questions on how the possible change in the base rate affects you then call or message on 07856 670612 📲

18/11/2025

This excellent home with fantasic views has come on the market today. If you are interested and want to know costings or mortgage options then message or call me on 07856670612

4 bedroom town house for sale in Cae Onan, Morda, Oswestry, SY10 for £289,950. Marketed by Town and Country Property Services, Oswestry

07/08/2025

The Bank of England have dropped the base rate to 4%.

Good news for those on tracker mortgages or those who are looking to buy in the near future!

If you are in a fixed deal then unfortunately this reduction won’t affect your mortgage and your payments will remain the same.

If you are on a Variable rate mortgage then give me a call or message on 07856 670612. You will be paying more than you need to and the variable rate isn’t always linked to the Bank of England base rate.

14/07/2025

🚨See link below 👇.

Whist this isn’t a local case, and not one that I can comment on…..it does go on and I have seen many instances where my clients have been told that their offer won’t be accepted unless the in house adviser is used.

Luckily for me and my clients, they have told me and when I’ve spoken to the estate agents direct, they have changed their story.

To see more, watch tonight’s Panorama at 8pm

‼️‼️I must stress that not all estate agents do this and there are some very good ones out there!

Undercover filming and whistleblower testimony reveals how commission is put ahead of customers.

27/03/2025

As a mortgage adviser, part of my job is finding the most cost-effective deal for my clients. To do this, I have to assess the market and the products available.

When assessing the mortgages, it quite often works out more cost effective to pay a higher interest rate than a lower one.

The most common question I get to this statement is ‘but how can the deal with the lower interest rate be more expensive?’
So to answer the question, I have an example from a mortgage I have recommended today……

The client wanted a 2 year fixed deal, so I assess the costings on this 2 year period.

On initial sourcing, Barclays had the lowest rate and lowest monthly payment which most people would assume is the ‘cheapest deal’ – the costs of this deal and the breakdown are as such:

Barclays -
4.73%
£724.08 per month. –
£934 lender fees.
This gives a total of £18,311.92 to pay over 2 years (assuming you pay the lenders fees upfront and don’t add it to the mortgage, if you were to add it then it would be even more due to the fact you would pay interest on it).

However, the product I have recommended is the one below:

Nationwide –
5.10%
£757.70 per month
No Fees
£500 cash back from the lender after completion.
This gives a total of £17,684.80 over the 2 years.

So, the deal with Barclays that SEEMS to be £33.62 per month cheaper actually costs £627.02 more over the 2 year period!!

If you want help and advice with navigating the 'mortgage minefield', Call or message on 07856 670612 for FREE, independent advice.

12/03/2025

Congratulations to Bryn and Keely (and the cats) on completing the purchase of their new home together!

I’ve had the pleasure of arranging two mortgages for this lovely couple and I will make sure they get the best deals for years to come!

If you are looking to move home, buy your first home, remortgage or just want to look at what options you have then call or message on 07856 670612 for completely FREE mortgage advice.

06/02/2025

🙌Good News!🙌

📉 The Bank of England has reduced the base rate by 0.25% today, but what does this mean for you?

⭐️ Fixed Rate Mortgages - If you are currently in a fixed mortgage then unfortunately this doesn’t make any immediate difference to you, however it is a step in the right direction for when you are due to come out of your fixed period.

⭐️ Tracker Mortgages - If you are on a tracker mortgage then your interest rate will reduce by 0.25% to reflect the change in the base rate.

⭐️ Variable Mortgages - Your lender may decide to reduce the rate that you are paying but this is not guaranteed as a variable rate is set by the lender and has no direct link to the Bank of England base rate.

⭐️ Buyers/remortgage - Some lenders have already factored in this reduction due to their certainty that this change would be made, however other lenders are likely to reassess their mortgage ranges and potentially bring out lower rate products.

📣 For my clients who have mortgage applications submitted - If your application is already in and are awaiting completion then I will review the products available to see if there is a more cost effective product available and contact you to discuss options.

❓If you have any questions on how the change in the base rate affects you then call or message on 07856 670613 📲

23/01/2025

As a FREE mortgage adviser I could save you up to £1000 and that’s before I even find you the best mortgage deal!

A client I recently helped had been advised to use the estate agents mortgage adviser who wanted to charge £900 for mortgage advice! Thankfully they called me too.

This got me thinking…..what do other local advisers charge their clients?

After some research I found that the average charge in Oswestry is a £500 and one adviser was charging a staggering £1000 for the same service that I provide for free!

How do I do it? It’s simple…… Mortgage advisers get paid commission by the banks/building societies but some advisers charge you as well which means they are being paid TWICE for the job! Whereas I simply just get paid by the lender and don’t charge my clients!

I have access to all the same information/lenders/products that other advisers do, so I will always find the best option for you, for free!

Stop paying Adviser Fees and save yourself money!

14/01/2025

Another satisfied client!

Reviews are very important to me…..They let me know that the client is happy, allow potential customers to gain an insight to the service they will receive and also, they help grow my business meaning that I can help more people with their Mortgages and insurances.

If you would like FREE, independent mortgage advice or help navigating the minefield of insurance/protection, call or message on 07856 670612

14/11/2024

I had a whole post written and ready to post on how important protection is and how most people haven’t got the cover they need etc and then things changed……….

I was having a chilled Sunday afternoon on the sofa after watching my son play football in the morning.

Then out of nowhere, chest pains that dropped me to the floor…..It felt like I was being crushed, I could hardly breathe and had pains in my arms, neck and back. Which resulted in an unexpected trip to hospital and a suspected diagnosis made.

Since this happened I’m exhausted after 1 flight of stairs, out of breath and being dosed up by the doctors until the cardiologist can fix me.

Unfortunately even though I’m on the ‘urgent’ list, the waiting time is 48 Weeks!!!!

Why am I telling you all this?

Firstly - life insurance and Critical illness cover……You never know when something could happen. Even if you feel fine and think nothing will happen to you, it can and sadly the statistics are grim reading…... 50% of us get cancer, someone in the UK has a stroke every 5 minutes and another person has a heart attack or cardiac arrest every 4 minutes!

Secondly - Income protection…….Would your employer pay you for all the time you aren’t able to work? You could wait for over a year for an operation or treatment and then you have recovery time on top of that!

Protection is important, for you and your families.

If reading this has made you realise that you need to get cover sorted and don’t know where to start, I can find you the best cover for you and your circumstances from a wide panel of 5* defaqto rated providers.

Call or message on 07856670612

06/11/2024

Another review, this time from a first time buyer.

If you’ve never been through the process of buying a house, it can be daunting and confusing.

I always do my best to guide my clients through the whole process and not just the Mortgage element. From viewing and making offers, to finding a solicitor, home inspections, insurances, (amongst many other things). I am there right until completion and I’m also there after they have moved in for help or advice.

Thinking of buying but don’t know where to start?

Call or message on 07856 670612 📲

02/10/2024

I’ve said it before and I will say it again…. This is the best bit about the job.

Reviews like this one tell me that I’m doing everything that I set out to do…. My goal was to make the process of finding the right mortgage and insurance as easy as possible for people, with a relaxed and friendly approach.

Some days are long days with arranging early morning or late evening appointments to suit my clients and I know all to well that it’s not always possible to arrange appointments within the standard 9-5 hours but reviews like this one make it all worth it!