Monthly Archives: May 2011

What is Equity Release?

Equity release simply lets you release some of the money you have in your home without having to move.

Equity release schemes are usually available as either a lifetime mortgage or a ‘home reversion plan’. Continue reading

Interest Rates 0.5%

The Bank of England Monetary Policy Committee (MPC) have frozen interest rates at a record low of 0.5% again for the 26th month.

With a reduced output in manufacturing and the construction industry, economists took this as a sign that the Bank would not increase interest rates. Continue reading

From a recent review of the UK mortgage market, there are currently two hundred 90% mortgages for first time buyers currently available. This may sound a lot, but a closer inspection reveals that not all of these mortgages are easy to come by or available to all first time buyers. Continue reading

With Bank Base Rate at an all time low, there is only one way it can go. Trying to second guess when this is going to happen is anyone’s guess. Fixed rates currently being offered by the lenders are competitive. The minute the Bank Base Rate increases you will see the lender increase their rates too. Continue reading