Chris Burton - Mortgage Adviser

15/12/2022

The Bank of England raised the base rate from 3.0% to 3.50% today.
This will affect many, especially those on variable rate mortgages.

If you are worried, or your own mortgage is coming up for renewal in the next year, then you should seek sound professional financial advice.

22/09/2022

Another post and another interest rate increase as the Bank of England raised the base rate from 1.75% to 2.25% today.
This will affect everyone in some way, not just those with a mortgage.
If you are worried or want to find out how this will affect you then you should seek sound professional financial advice.

09/09/2022

We are deeply saddened by the passing of Her Majesty the Queen. She was a remarkable woman who dedicated her life to serving our country, its people, and the commonwealth. She did so with grace, dignity, and an unfailing sense of duty and purpose. An inspiration to our nation and the world, Her Majesty was the longest-serving British monarch in history and was the very embodiment of the spirit and heart of Great Britain.

We're thankful for her seven decades of service to our country and extend our heartfelt condolences to the Royal Family during this difficult time.

04/08/2022

Today the Bank of England increased the base rate from 1.25% to 1.75%, the 6th consecutive increase.

Whilst this is still historically low, the change will affect everyone in some way, not just those with a mortgage.
If you are looking to change your current mortgage, take out a new one, or are just worried about how this could affect you, make sure you seek good professional advice.

Here is a link to the Bank of England which explains why the base rate is increasing if you are interested:

Monetary Policy Summary and minutes of the Monetary Policy Committee meeting

23/12/2021

As many of us relax and put the out of office messages on, I wanted to wish everyone a very merry Christmas and happy new year.

16/12/2021

The Bank of England today voted to raise the base rate from 0.1% to 0.25%.
Although a small increase, this will affect mortgage borrowers on variable rates. If you are on a fixed rate your payments will not change.
It is worth remembering that even with the small increase, current rates are still historically low!

This link is to the Bank of England where there are more details if you want them:

We set Bank Rate to influence other interest rates. We use our influence to keep inflation low and stable.

16/03/2021

95% mortgages are returning!

Tomorrow - The first deals start to be released. There will not be many at first and may come and go at short notice.

April - Government support scheme starts - larger lender choice.

There will be criteria to meet and you'll need a good credit rating, but if saving for a 10%+ deposit has been holding you back then this may help.

☎️07717413514
💻[email protected]

05/03/2021

Stamp duty holiday extended in England, great news for homebuyers!

If you buy a home until 30th June you will not pay stamp duty on the first £500,000 which could save you up to £15,000!
It then reduces to the first £250,000 until 30th September
Then from 1st October it's the first £125,000
Other duty may apply so make sure you check first.

Happy house hunting!

08/07/2020

Great news for home buyers today regarding stamp duty! More details in this link:

Reduced rates of Stamp Duty Land Tax (SDLT) will apply for residential properties purchased from 8 July 2020 until 31 March 2021 inclusive.

05/05/2020

If you own a business or are self-employed and want to check what help will be available to you, the gov.uk link below should help.

Chris
📞07717413514
💻[email protected]

Coronavirus (COVID-19) support is available to employers and the self-employed. You may be eligible for loans, tax relief and cash grants, whether your business is open or closed.

16/04/2020

Another video, a few more questions answered.