Eldin Japalak Mortgage Adviser

Eldin Japalak Mortgage Adviser Mortgage and Protection Adviser

Bank of England holds rates at 4%, but change could be coming soonThe Bank of England voted 5–4 to keep the base rate at...
06/11/2025

Bank of England holds rates at 4%, but change could be coming soon

The Bank of England voted 5–4 to keep the base rate at 4%, with four members pushing for a cut to 3.75%. Inflation remains at 3.8%, still above the 2% target, but the MPC believes it has peaked.

All eyes are now on the Autumn Budget later this month, the next big factor influencing when rate cuts might finally arrive.
For now, mortgage rates remain stable, giving buyers and sellers a little breathing room, but a potential December rate cut could make borrowing cheaper before Christmas.

If you’re considering remortgaging or buying, now’s a good time to review your options and be ready to act when rates start to fall.

Contact Eldin Japalak for personalised guidance on the best mortgage strategy for your situation.

18/09/2025

Bank of England holds interest rates at 4%

07/08/2025

BREAKING NEWS!

Bank of England cuts interest rate to 4%!

The BoE has reduced the base rate by 0.25%, marking a positive step for borrowers. It’s a sign we’re moving in the right direction.

If your fixed rate is ending soon, or you’re considering remortgaging, now’s the time to review your options.

WhatsApp me for personalised advice or a free mortgage review.

19/06/2025

Bank of England Holds Interest Rate at 4.25% Amid Global Uncertainty

The Bank of England has kept the base rate at 4.25%, citing rising global risks, from the Middle East conflict to trade tensions.

🔹 Inflation remains at 3.4%, still above target.
🔹 A rate cut may come as early as August, depending on data.

Want to know how this affects your mortgage? Message me.

08/05/2025

Interest Rate Cut Alert: What It Means for You

The Bank of England has reduced the base interest rate by 0.25%, bringing it down to 4.25%, the lowest level in two years. 

This move aims to support the UK economy amid global trade uncertainties. 

What Does This Mean for You?

• Mortgage Holders: If you have a tracker mortgage, expect a decrease in your monthly payments. For those on standard variable rates, reductions may follow, though they aren’t guaranteed. 
• Prospective Buyers: Lenders are offering more competitive fixed rate deals, making it an opportune time to consider purchasing a home. 
• Remortgaging: With rates potentially declining further this year, it’s a strategic moment to explore remortgaging options.

Eldin Japalak Mortgage Adviser, are here to help you navigate these changes and find the best mortgage solutions tailored to your needs.

03/05/2025

7 x annual income mortgage

A new mortgage product just launched allowing eligible buyers to borrow up to 7 times their annual income, compared to the typical 4.5x most lenders offer.

Who’s eligible?

• You must earn at least £50,000 per year (single or combined income)
• You’ll need to fix your mortgage for 10 or 15 years
• At least 15% deposit
• Available to first-time buyers, home movers, and remortgages

But here’s the catch:

• Monthly repayments could seriously stretch your budget
• Rates start from 5.35% to 5.55%, higher than average,
• You must pass strict affordability checks

This kind of mortgage could be a game changer for some, but risky for others.

Unsure if this is the right move for you?
Message me on WhatsApp to book your free consultation today.

This product is available exclusively through mortgage brokers.

01/04/2025

Attention all homebuyers and investors! Stamp Duty Changes Effective 1st April 2025

Significant adjustments to Stamp Duty Land Tax (SDLT) in England and Northern Ireland are coming into effect from 1st April 2025. Here’s what you need to know:

For All Homebuyers:

Current Rates (Up to 31st March 2025):
• 0% on properties up to £250,000
• 5% on the portion from £250,001 to £925,000
• 10% on the portion from £925,001 to £1.5 million
• 12% on the portion above £1.5 million

New Rates (From 1st April 2025):
• 0% on properties up to £125,000
• 2% on the portion from £125,001 to £250,000
• 5% on the portion from £250,001 to £925,000
• 10% on the portion from £925,001 to £1.5 million
• 12% on the portion above £1.5 million

Example: Purchasing a home for £295,000

Before 1st April 2025:
• 0% on the first £250,000 = £0
• 5% on the remaining £45,000 = £2,250
• Total SDLT: £2,250

From 1st April 2025:
• 0% on the first £125,000 = £0
• 2% on the next £125,000 = £2,500
• 5% on the remaining £45,000 = £2,250
• Total SDLT: £4,750

For First-Time Buyers:

Current Relief (Up to 31st March 2025):
• 0% on properties up to £425,000
• 5% on the portion from £425,001 to £625,000

New Relief (From 1st April 2025):
• 0% on properties up to £300,000
• 5% on the portion from £300,001 to £500,000

Note: For properties above £500,000, standard SDLT rates apply.

Example: First-time purchase at £350,000

Before 1st April 2025:
• 0% on the first £425,000 = £0
• Total SDLT: £0

From 1st April 2025:
• 0% on the first £300,000 = £0
• 5% on the remaining £50,000 = £2,500
• Total SDLT: £2,500

For Additional Property Purchases (e.g., Second Homes, Buy-to-Let):

Current Additional Rates (Up to 31st March 2025):
• 3% on top of standard SDLT rates for properties up to £250,000
• 8% on the portion from £250,001 to £925,000
• 13% on the portion from £925,001 to £1.5 million
• 15% on the portion above £1.5 million

New Additional Rates (From 1st April 2025):
• 5% on properties up to £125,000
• 7% on the portion from £125,001 to £250,000
• 10% on the portion from £250,001 to £925,000
• 15% on the portion from £925,001 to £1.5 million
• 17% on the portion above £1.5 million

Example: Purchasing a second home for £600,000

Before 1st April 2025:
• 3% on the first £250,000 = £7,500
• 8% on the next £350,000 = £28,000
• Total SDLT: £35,500

From 1st April 2025:
• 5% on the first £125,000 = £6,250
• 7% on the next £125,000 = £8,750
• 10% on the remaining £350,000 = £35,000
• Total SDLT: £50,000

For personalised advice and to explore your mortgage options, feel free to contact Eldin Japalak. I am here to guide you through these changes and help you make informed decisions.

26/03/2025

BREAKING: What Did the Spring Statement Mean for Homeowners and Buyers?

Chancellor Rachel Reeves has delivered her first Spring Statement, and it’s big news for the UK property market. Here’s what you need to know:

1. Britain is Building – Or Is It?
Labour says it will build 1.3 million homes over the next 5 years, with planning reforms aiming to hit a 40 year high in housebuilding. That’s 305,000 homes a year. Good news for supply!

2. Inflation to Fall, Growth to Rise
The Chancellor expects inflation to hit the 2% target by 2027, with economic growth forecast to rise year on year. In theory, this could bring down mortgage rates and increase buyer confidence.

3. What Support Is There for Buyers?
The statement lacked real help for first time buyers and home movers. With affordability still a major challenge, calls continue for innovative lending options and support schemes to make homeownership more accessible.

4. Stamp Duty, Rent & Landlords
No new measures to help with stamp duty delays, and nothing to encourage landlords to remain in the sector. Rent remains high, and housing supply still isn’t where it needs to be.

Eldin Japalak take on Spring Statement ; It’s promising to see focus on housebuilding and inflation control, but what we really need now is practical help for buyers. From affordable mortgage products to smarter policies on stamp duty and energy efficient homes, there’s still a way to go.

Thinking about buying or remortgaging?
Let’s talk through your options, the right advice can make all the difference.

20/03/2025

BoE Holds Rates at 4.5%

The Bank of England has kept the base rate at 4.5%, balancing inflation concerns with slow economic growth.

08/03/2025

Why You Should Be Cautious When Using Estate Agent Recommended Mortgage Advisers and Solicitors

When purchasing a property through an estate agent, it’s important to remember that estate agents act on behalf of the seller, their primary duty is to secure the best possible deal for their client, not for you as a buyer.

Many estate agents will suggest that you use their recommended mortgage adviser or solicitor, often implying that this will make the process smoother or increase your chances of having your offer accepted. However, this is not in your best interest. Here’s why:

Conflict of Interest – The estate agent’s recommended professionals may prioritise the seller’s objectives over yours, potentially leading to biased advice.

Limited Choice – You may not get the most suitable mortgage deal if you rely on an adviser tied to the estate agent instead of an independent broker who searches the entire market.

Higher Costs – Recommended solicitors may charge more in fees, and their loyalty to the estate agent may mean they rush the process rather than thoroughly protecting your interests.

The Estate Agents Code of Conduct (Section 18a) explicitly states that estate agents must not require buyers to use a particular mortgage adviser or solicitor as a condition of purchasing a property. You have the right to choose independent professionals who will work solely in your best interest.

Tip for Buyers: Always do your own research and choose a fully independent mortgage adviser and solicitor to ensure you receive impartial advice and the best possible deal.

For expert mortgage advice that puts your interests first, feel free to reach out. Your home purchase is one of the biggest financial decisions you’ll make, make sure you have the right team on your side!









19/02/2025

Inflation Rises to 3% – What This Means for Mortgage Rates

Today’s inflation news is a wake up call for anyone looking to get a mortgage or remortgage soon. Inflation has jumped from 2.5% to 3%, a bigger rise than expected, and this could mean that the cheapest mortgage deals, some of which recently dipped below 4% might not be around for much longer.

Why does this matter?
Mortgage rates follow swap rates, which are influenced by market expectations for future interest rates. With inflation rising, the Bank of England may hold interest rates higher for longer, meaning lenders could start pulling their cheapest deals.

Will mortgage rates go down?
Hopes of quick rate cuts this year are fading, and some experts now predict only two cuts in 2025, possibly in May and November. If inflation keeps rising, we could even see 4%+ inflation later in the year, making rate cuts even less likely.

What should you do?
Remortgaging soon? Lock in a deal NOW to secure today’s lower rates before they vanish.
Fixed or tracker? Fixed rates are safer if you want certainty, but trackers might be worth considering if you think rates will fall later this year.
Thinking of buying? It’s crucial to act fast before lenders adjust their pricing.

With mortgage rates changing rapidly, getting the right advice at the right time is more important than ever. Message me today for expert mortgage guidance and ensure you don’t miss out on the best deals available.

10/02/2025

UK House Prices Set to Rise in 2025!

Estate agents predict both house prices and sales will increase in 2025, despite borrowing cost concerns. Market confidence is growing, could this be the right time to buy or invest?

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