MD Mortgages

13/07/2023

Mortgage payments expected to rise by at least £500 a month for nearly one million households,

On Wednesday the average two-year fixed mortgage hit a fresh high of 6.7%.

Most mortgages taken out in recent years have been fixed at two or five years which means recent rate rises have not yet hit households.

26/06/2023

BBC News - Rishi Sunak urges people to hold their nerve on interest rates
https://www.bbc.co.uk/news/business-66012301

Do people feel that holding their nerve is going to get them through this?

The prime minister continues to back the Bank of England as mortgage pressure rises for homeowners.

22/06/2023

Interest rates hit 5% which is a bigger increase than most expected. The Government's target is to have inflation down below 5% before the end of the year.

What does this mean for borrowers?

Those looking for a mortgage deal or a remortgage on your home will find this latest news on fixed rate mortgages seem daunting.

Average 2 year fixed deals are now 6%, so those nearing the end of your fixed rate get in touch!

At MD Mortgages we are dedicated to sourcing you the best deals to put your mind at ease.

Contact us now, to see how we can help.

15/02/2023

Ready to make your home ownership dreams a reality? Need to remortgage? Look no further! Matt at www.mdmortgages.co.uk offers a variety of mortgages and equity release options to fit your unique situation. Get expert advice and join us on our journey to make home ownership accessible for all. Follow us on Twitter, Facebook, Instagram, and LinkedIn for all the latest news and updates!
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Get expert mortgage advice and the best rates with MD Mortgages. Our team of experienced professionals will guide you through the home ownership process and help you achieve your financial goals. Visit our website for personalised solutions and take control of your future today

06/02/2023

Fixed rate coming to an end?

Contact us at MD Mortgages for a free consultation!

Our new website is up and running.. Check it out!

Get expert mortgage advice and the best rates with MD Mortgages. Our team of experienced professionals will guide you through the home ownership process and help you achieve your financial goals. Visit our website for personalised solutions and take control of your future today

19/01/2023

15/12/2022

The Bank of England has revealed another interest rate increase of 0.5% in its battle against inflation.

The base rate is now 3.5%.

03/11/2022

Another interest rate hike!

An increase of 0.75% to 3%.

The increase marks the biggest since 1989 and the eighth time the bank has raised rates.

Contact me if you are nearing the end of your fixed rate!

23/09/2022

Chancellor cuts income tax and stamp duty in bid to boost growth.

In England and Northern Ireland, you pay stamp duty on properties worth over £125,000 if this is your main residence - or £300,000 if you're a first-time buyer.

The threshold will rise to £250,000 or to £425,000 for first-time buyers. This will happen from today, and the cuts are permanent.

The value of the property on which first-time buyers can claim relief will also rise from £500,000 to £625,000.

22/09/2022

The Bank of England (BoE) has raised the base rate by 50 basis points, increasing it to 2.25%.

This is the highest the base rate has been for 14 years.

The move aims to help counter rising inflation, which the BoE now predicts will hit 13% before year end.

02/09/2022

I am now working with many lenders who offer 5% deposit mortgages.

Contact me for a free eligibility check!

01/09/2022

Average house prices could lift by a further 5% by the end of the year despite the cost of living crisis, according to Benham and Reeves.

The estate agent says this will add a further £14,320 to the average UK property bringing it up to £300,717.