In November 2023, the Bank of England maintained its base rate at 5.25%. This decision has a direct impact on the mortgage and commercial finance sector in the UK, particularly influencing decisions for first-time buyers, property investors, and individuals considering remortgaging.
Impact of a Stable Base Rate Despite the base rate remaining steady, we’ve observed several lenders reducing rates on fixed-term deals. This trend offers an attractive opportunity for borrowers to secure favourable terms, particularly in a landscape where rates are otherwise stable.
Future of Interest Rates Predicting future rate changes can be challenging, but the current landscape suggests a period of stability. Borrowers should use this time to explore their options, especially considering the recent reductions in fixed-term deal rates.
Expert Advice in a Stable Rate Environment Navigating the mortgage and finance market requires expertise, particularly in a stable rate environment. Our team is equipped to guide you through the latest developments, ensuring you take advantage of the most competitive rates available.
Conclusion With the Bank of England’s base rate holding steady and lenders adjusting their fixed-term deal rates, it’s an opportune moment for financial planning. Whether you’re buying your first home, investing in property, or remortgaging, expert advice is crucial to making the most of the current rate environment.
There will be a fee of up to £699 for mortgage advice. The precise amount will depend upon your circumstances and the amount of work that needs to be done. The fee is payable on mortgage offer. If an application is submitted to a lender via a packager (a 3rd party specialist) we will be paid commission by the packager.
We will not charge you a fee for our services relating to insurance, but we will receive commission from the product provider. The commission will be calculated as a proportion of the premiums paid for the insurance product. You will receive a quotation which will tell you about the fees and charges relating to any insurance policy that we recommend.
Kudos Mortgages & Protection is a trading style of Kudos Mortgage Solutions Ltd is an appointed representative of PRIMIS Mortgage Network, a trading Name of Personal Touch Financial Services Ltd. Personal Touch Financial Services Ltd is authorised and regulated by the Financial Conduct Authority. The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK. Kudos Mortgage Solutions Ltd are registered in England and Wales, Company Number: 14083722, Registered address: 15 Front Street, Sherburn Hill, DH6 1PA
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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