Smart Money Solutions Ltd

15/12/2025

It is widely believed the Bank of England will reduce the base rate by 1/4 percent later this week. Some lenders have already reduced some of their product rates in anticipation. So getting those letters from your lender month's before your fix rate finishes, with red warning signs saying to fix your rate early isn't really in your interests. More the banks, if you have fixed your rate already tying you into higher rates for the next few years. If your Anniversary date hasn't already passed speak to your mortgage broker about swapping your new fixed rate to a lower one.
Many financial institutions believe we may get 2 reduction over the next couple of months.

31/08/2025

07/12/2024

And it's Christmas

07/12/2024

Where everything comes together - this island in Farrow & Ball Hague Blue is the heart of the kitchen. It’s where breakfasts are served, homework happens, and friends gather for coffee. With a sleek spray finish and ‘Carrera’ quartz top, it’s built to handle it all, day in and day out.

07/12/2024

08/11/2024

We designed this kitchen to be the heart of the home - perfect for everything from casual family breakfasts to big gatherings with friends. With warm oak accents, a spacious island for meal prep and dining, and thoughtful details all around, it's a space that feels both inviting and practical for everyday living.

07/11/2024

07/11/2024

Let's talk Mortgages

According to Step Change.

25% of struggling homeowners have used credit to afford mortgage payments
41% have found it difficult to keep up with bills and credit commitments in the last few months.

If this applies to anyone or you are coming out of your existing fixed rate mortgage and would like a free no obligation chat please feel free to respond or call me on 07867 503893

07/11/2024

Bank of England

The Bank of England has cut rates to 4.75%, cutting 0.25% off. Will this change the rates?
Over the past couple of weeks the banks have been very slightly changing their rates due to the budget. The fluctuations have been slight with some lender increasing a little and some decreasing. Today's action may reverse some of these decisions, we will have to wait and see how the banks react over the next day to a week.

One thing that comes out of today is that the speed at which we were expecting rates to fall has slowed.

As always, if you have any queries you can either respond or dm me.

Tim

15/10/2024

Let's talk Mortgages.
What an interesting time, swap rates have increased, which is normally an indication that mortgage rates will rise, and sure enough we have seen this happening over the past week, however we also have flatlined with wage growth & inflation dipping below the Bank of England's target of 2%, surely an indicator of potential rate drops that Lloyds Banking Group believe will happen but not to the previously low levels. Looking for advice on what to do? The answer isn't the same for everyone, if you want to talk over the options by all means dm me and we can chat. Tim

01/08/2024

The bank of England has reduced its interest rate to 5%, a drop of 0.25%, the first cut in rates since March 2020.

Obviously this is good news for all borrowers currently on the standard variable rate, tracker rate or coming off their fixed rates. As we have had numerous lenders reduce rates over the past 10 days we may not see many significant reductions by lenders in the coming few however it may spur some on to reduce rates again for competitive reasons. As always if you have any questions please feel free to call on 07867 503893
Thankyou