Shirley Hughes Financial Services

07/08/2025

What does the drop in the Bank of England base rate mean for you?

If you’re on a tracker rate (that follows the Bank of England base rate), then your payments should reduce. But if you’re currently in a fixed rate, then there will be no change to your payments. If you’re on a standard variable rate with a lender, then this won’t necessarily be impacted by today’s news, as these rates are set independently of the base rate.

Does this drop mean fixed rates for new borrowers will also reduce? Well, not quite. This reduction has been expected for a while and has already been factored in to the fixed rates currently on offer. But overall, it is positive news for borrowers (less so for savers 🙃).

Experts hopeful this isn't the last cut of the year but Bank's MPC warns fast-rising food prices could drive up inflation

29/01/2025

We're hiring! We're looking for a new administrator for our office in Newbury. If you think you'd be a great fit, please see the ad below. Applications close 14th February.

Shirley Hughes Financial Services

29/01/2025

We're hiring! We're looking for a new administrator for our office in Newbury. If you think you might be a great fit, see the ad below. Applications open until 14th February.

Shirley Hughes Financial Services

22/01/2025

Children need more than a cardboard box to live in. Have you thought about how you would protect your family if you were no longer around?

Try our online protection calculator now to see if you have a shortfall in cover: https://shirley-hughes-financial-services.prequo.uk/

Independent mortgage advisers & insurance specialists. Part of a wider group of Independent Financial Advisers based in the South East.

11/09/2024

http://www.shirleyhughesfinancialservices.com

We’ve got a new website! Have a look and tell us what you think 🙌

Shirley Hughes Finanical Services

01/08/2024

The Bank of England base rate has reduced today to 5.00%. This means that if your mortgage is on a tracker or a standard variable rate that tracks the base rate, your payments will reduce.

But does this mean mortgage fixed rates will now come down as well? The short answer is, not necessarily. This article explains how the base rate reduction today has probably already been factored into fixed rate mortgage pricing in the last few weeks:

https://www.mortgagesolutions.co.uk/news/2024/07/30/base-rate-vs-swap-rates-whats-next-for-mortgage-rates/?utm_source=Mortgage+Solutions+subscribed&utm_campaign=e1b5b39f9e-EMAIL_CAMPAIGN_7_4_2023_11_57_COPY_41&utm_medium=email&utm_term=0_747b260d73-e1b5b39f9e-221073778

If you'd like to chat to one of our brokers about your mortgage options, please get in touch.

YOUR HOME MAY BE AT RISK IF YOU DO NOT KEEP UP WITH YOUR MORTGAGE PAYMENTS.

A potential base rate cut could benefit those on tracker and SVRs and up consumer confidence but may not lead to fixed rate cuts as swap rates have priced in base rate cuts.

20/06/2024

Don’t be put off by the swarm of bees outside the office today, a plan is in place to move them safely!

15/04/2024

That’s a bit better! Makeover nearly finished…

With thanks to Jodie Newman Design for the rebrand!

23/12/2023

The SHFS team are now taking a break for the Christmas holidays (bar some pre-arranged appointments 27th-29th December). See you all on 2nd January!

26/09/2023

We've had a re-brand courtesy of the very talented Jodie Newman Design. Let us know what you think! New office sign to follow shortly...