Hub Financial

22/09/2023

Exciting News for Borrowers! 👏

Yesterday, the Bank of England made a significant decision by voting to pause hikes and keep interest rates steady at 5.25%.🏦

But that's not all. 😀

Fixed rates are on the decline as the outlook on inflation has improved. Our team has been closely following the market, and we've noticed that several high street lenders have already taken action by reducing fixed rate options across their mortgage ranges. Some of these reductions are as impressive as 0.65% in recent weeks! 📉

This is a clear and positive sign for the mortgage market, and we're excited about what's on the horizon.

Looking ahead, if inflation continues on its downward trajectory, we anticipate even more good news for borrowers. Mortgage rates are expected to fall further into 2024, offering an additional boost to those looking to secure their dream homes or refinance existing properties. ✨🏡

Want to know how to take advantage of these changes? 💚
Contact us today!
✉️ [email protected]
📱 01698 538 300

18/09/2023

Mortgage News 📰

Great news for homebuyers! UK mortgage rates have fallen to below 5% for the first time in several months with The Mortgage Works and Yorkshire Building Society offering five-year fixed rate products with 4.99% interest. 📉

Want to know how to take advantage of these changes?
Contact us today! 💚
✉️ [email protected]
📱 01698 538 300

18/08/2023

Open the door to your dream home with Hub Financial's access to the whole mortgage market. Unlock your potential today! 🔑🚪

🏴󠁧󠁢󠁳󠁣󠁴󠁿 Mossgiel Road, Newlands, Glasgow

✉️ [email protected]
📱 01698 538 300

15/08/2023

🏡 Mortgage News 📰

From today Barclays will lower its mortgage rates, joining the other five market leaders, Halifax, Nationwide, HSBC, Santander, and NatWest, who have all recently cut their rates.

Its two-year fixed-rate 85% mortgage will now be priced at 6.96%, down from 6.66%. While its two-year fix with a smaller deposit will drop in price from 7.03% to 6.73%.

This means that all of the 'Big Six' lenders have now agreed to cut prices. Mortgage prices have been on the way down after hitting 15-year highs last month, and this trend is continuing with these recent rate cuts

Want to know how you can take advantage of these changes? Contact us today! 💚

✉️ [email protected]
📱 01698 538 300

This week’s inflation announcement may determine if rates keep fallling or start rising again

10/08/2023

Lost in the mortgage maze? 😵‍💫🏠

At Hub Financial, we pave the way to a clearer financial future.

Contact one of our mortgage advisors today! 💚
✉️ [email protected]
📱 01698 538 300

09/08/2023

🏡 Mortgage News 📰

In alignment with other major lenders such as Halifax, Santander, Barclays, NatWest, and Virgin, who reduced their rates for new customers last week, Nationwide is one the latest big lenders to announce reductions on its fixed mortgage products of up to 0.55%, starting today. 📉

In addition HSBC has announced reductions in interest rates on selected 2, 3 and 5-year fixed-rate products by as much as 0.35%. Furthermore, the bank is reintroducing cashback offers for a variety of first-time buyer and home mover rates.

Lastly, TSB's reductions will push their most affordable 5-year fixed rate even lower, reaching an impressive 5.44%. Some of these cuts are anticipated to be as significant as 0.4 percentage points.

Want to know how you can take advantage of these changes? Contact us today. 💚
✉️ [email protected]
📱 01698 538 300

03/08/2023

🏡 Mortgage News 📰

The Bank of England has taken action again, raising interest rates for the 14th consecutive time since December 2021. This time, the increase is 0.25 percentage points, bringing the base rate to 5.25%.

💼 How will mortgage payments be affected?
If you are among the 1.4 million people with a variable-rate residential mortgage, this news might not be what you wanted to hear.

💡 Take proactive steps!
While this increase may put some pressure on your budget, there are proactive steps you can take to manage your mortgage effectively. Refinancing, exploring fixed-rate options, or discussing flexible payment plans with your lender are all potential strategies to consider.

Need advice? Reach out to one of our experts today. 💚
✉️ [email protected]
📱 01698 538 300

How the new base rate may affect mortgage holders and savers

02/08/2023

🏡 Mortgage News 📰

NatWest, Halifax, and Virgin Money are all making cuts to their mortgage rates starting today. This comes after a wave of rate reductions from other major lenders in the past week, including Nationwide, TSB, HSBC, Barclays and more. 🏦

📉 NatWest's two-and five-year fixed rate mortgages fall by up to 30 percentage points! This means significant savings for borrowers. For example, NatWest's cheapest five-year fixed rate, which previously charged 5.84% with at least 40% equity, will likely to fall to either 5.64% or 5.54%.

📉 Virgin Money is also joining the rate-cutting trend, reducing some deals by 0.41 percentage points. Halifax, on the other hand, is trimming the rate on its five-year fixed remortgage products by 0.18 percentage points.

📆 Keep an eye out for another Bank rate hike expected tomorrow, although lenders have already factored this into their calculations. Additionally, if inflation continues to come down, we may see further easing in the mortgage market. The next data on inflation is due on August 16th. 👀

As mortgage advisors at Hub Financial, we're here to help you navigate these changes and find the best mortgage options for your needs. 💚

Contact Us Today
✉️ [email protected]
📱 01698 538 300

01/08/2023

🏡 Mortgage News 📰

Recent data reveals a significant boost in UK mortgage approvals and consumer credit, even amidst higher interest rates.👩‍💻

In June, the number of net mortgage approvals for house purchases soared to an impressive 54,700, up from 51,100 in May. And that's not all – approvals for remortgaging also saw a remarkable rise, reaching 39,100 from 34,100. 📈😀

Additionally, we are pleased to report that net borrowing of consumer credit surged to a remarkable £1.7 billion – marking the highest level since 2018! 💳

This unexpected trend demonstrates the resilience of British borrowers, showing they are confidently navigating through the highest interest rates experienced in the past 15 years. 💙

Contact us today to discuss your mortgage options
✉️ [email protected]
📱 01698 538 300

Surprise data comes ahead of Bank of England meeting this week

28/07/2023

🏡 Mortgage News 📰

Several major lenders, including Nationwide, HSBC and TSB, have recently made significant cuts to their fixed mortgage rates.

Throughout the middle of June, the average two-year fixed-rate mortgage saw a steady climb, surpassing the 6% mark. As reported by Moneyfacts, it peaked at 6.86% on Wednesday. However, there was a noteworthy change the following days, with rates gradually easing down to 6.83% on Thursday and even further to 6.81% on Friday. 📉

Sarah Coles, the head of personal finance at Hargreaves Lansdown, believes that fixed mortgage rates and savings rates may have reached their peak. While variable rate deals for homeowners might still see some increases due to the expected base rate rise, now may be an opportune time for many savers to secure favourable fixed-rate mortgages. 💚👍

✉️ [email protected]
📱 01698 538 300

Moves by Nationwide, HSBC and TSB come after fall in inflation eases fears over future interest rate rises

28/07/2023

Great News for Homebuyers! 100% Mortgages Are Here! 🎉

At Hub Financial, we are thrilled to announce that 100% mortgages are now available, making it easier than ever for you to get onto the property ladder. 🪜🏡

✅ No Deposit?
✅ No Savings?
😉 No Problem

Check out the eligibility requirements below, and for more information, speak with one of our experts today. 💚

✉️ [email protected]
📱 01698 538 300

Expert, whole of market mortgage advice