News

Why the Impact of Higher Interest Rates on the UK Housing Market Matters

Why the Impact of Higher Interest Rates on the UK Housing Market Matters

One of the most common news stories to be found these days is the impact of higher interest rates on the housing market. It matters, especially now that we are days away from the next meeting of the Bank of England’s Monetary Policy Committee and another possible hike to the standard base interest rate. If the rate is indeed increased, it will be the eleventh consecutive meeting of the MPC to result in an increase to the base rate. It will raise the base rate above the current 4.0% and reach a level not seen by a large number of hopeful homebuyers and it will cause financial strain to many homeowners.

Homeowners Encouraged to Heed Advice of Experts to Remortgage Shop to Save Money

Homeowners Encouraged to Heed Advice of Experts to Remortgage Shop to Save Money

Evidence of the rise in property values has been revealed as the total value of UK housing stock reached a record high of £8.7 trillion in 2022 according to data released from Savills. However, the value increase to 2022 was smaller at only 5% than had been recorded in the previous two years. This could be a sign of a future decline in the market and it is likely to occur this year. 

House Prices and Property Values Depend on Who Wins the Housing Market Battle

House Prices and Property Values Depend on Who Wins the Housing Market Battle

Homeowners are being told to stay alert to the UK housing market. Rightly so because if house prices begin to sink, then so could property values and that could impact homeowners in many ways, including making them a prisoner to their current mortgage. If property values decline below the amount of debt owed, then they are in negative equity and out of reach of a remortgage. Since a remortgage could offer savings and shield from further rate hikes, it could lead to financial difficulties hard to escape if one is unable to remortgage.

Shop for a Remortgage Before the Weekend is Over

Shop for a Remortgage Before the Weekend is Over

There are plenty of homeowners that have yet to secure a remortgage. They are sitting in a risky situation, and unfortunately there are many that simply do not know that there could be difficulties around the corner. There are a lot of factors coming together that are going to combine to make financial strains build on one another and make the coming year and a few years ahead possibly more challenging than ones in the past.

Homeowners Encouraged to Get Familiar with Current Mortgage Deal and Shop for New One

Homeowners Encouraged to Get Familiar with Current Mortgage Deal and Shop for New One

Homeowners are going to be facing difficult times ahead. Experts are warning that they should prepare. There won’t really be anything to stop the woes that are coming, but they could be dampened. Preparing sooner rather than later could make all the difference. So, what is so special about homeowners that they are being singled out in news reports and financial articles? They are going to face financial strains not seen in decades. 

Homeowners Quit Focusing on the Blame for Financial Woes and Find a Way to Save Now

Homeowners Quit Focusing on the Blame for Financial Woes and Find a Way to Save Now

There is a lot of frustration in the news these days. Nobody likes it when things are tough, and financially things are tough right now. It only takes a little bit of looking around to see that perhaps that frustration is not so bad when things could be worse, and for others outside of the UK it certainly is in some areas. However, thinking things could be worse doesn’t calm the fear and worry when you wonder if you are going to be able to afford your home or not, and that is a real situation for many.

Obligation Free Remortgage Quotations

Get a Quote »