Sje financial services ltd

29/11/2024

Bank of England issues mortgage rate warning to 4.4 million homes - and sounds Trump trade alarm

Around half the UK's mortgage holders face paying higher rates over the next three years, the Bank of England has warned as its battle against inflation continues to drag on longer than hoped.

Its latest financial stability report - released twice a year - showed 4.4 million homes were set to refinance on to higher rates.

But it added that around a quarter of borrowers were expected to benefit from lower rates, based on current market pricing, as rates have dropped from the highs seen in 2023.

The central bank's financial policy committee also saw a risk ahead - without directly referring to Donald Trump's warning around raised US trade tariffs when he takes office - that higher trade barriers could hit global growth.

16/10/2024

Looks like I may have been hacked guys.

14/09/2024

21/05/2024

Thank you for all the birthday wishes guys another year in and now a Grandad. Think i need to start acting my age .............. Maybe not :)

21/03/2024

Keep an eye on your fixed rates coming to an end guys, variable rates are currently huge especially Virgin at 9.49%.
Call me or Dec for any advice

stee

26/02/2024

A mortgage that could see people paying less than 1% interest initially for a new home has received a mixed response - with one expert calling it "dangerous" and a "mousetrap".

Own New, which is funded by housebuilders, has teamed up with Virgin Money and Halifax for a scheme they're calling Rate Reducer. Other lenders are set to join up.

Initial mortgage repayments are reduced because the lender invests homebuilder incentive budgets into the mortgage upfront - typically up to 5% of the property purchase price.

Want to know more - give me or Declan a ring

01/02/2024

Just a quick heads up

Nationwide are increasing fixed rates tomorrow - is this the start of things to come ?

Steve