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May 12, 2023
Ian Biggs, Head of Product Performance at Coventry Building Society, said:
May 11, 2023
The Bank of England’s Monetary Policy Committee (MPC) voted to increase the base rate by 25 basis points today, meaning interest rates now stand at 4.50% and a 15-year high. This is the 12th consecutive rise to the base rate since December 2021.
May 11, 2023
The Bank of England has raised the base rate for the twelfth consecutive time to stand at 4.5%, heaping an average £30 a month to more than 1.4 million homeowner mortgage bills.
May 11, 2023
A further increase in the interest rate is a mistake, leaving Northern Ireland homeowners and the wider economy “dramatically exposed”, according to an economist.
May 11, 2023
Coventry Building Society has announced that its Standard Variable Rate (SVR) for its mortgage borrowers will stay unchanged. This follows the Bank of England’s rate increase today of 0.25% taking the base rate to 4.5% - the highest for 15 years. Coventry has however confirmed interest rate increases of up to 0.25%
May 2, 2023
You could lock into a fixed mortgage rate now, but there’s always the chance that you could have got a better rate if you opt for a variable rate. While explaining what factors are considered when pricing these mortgages, we’ve also outlined how these prices could trend in the future.
April 27, 2023
Borrowers are benefiting from an increase in mortgage options, according to the latest Moneyfacts UK Mortgage Trends Treasury Report. The encouraging rise in products comes around six months on from the unprecedented uncertainty surrounding interest rates following the fiscal announcement.
April 26, 2023
New research from Roy Morgan shows an estimated 1.35 million mortgage holders (27.1%) were ‘At Risk’ of ‘mortgage stress’ in the three months to March 2023. This period encompassed one interest rate increases of 0.25% taking official interest rates to 3.6% in early March.
April 26, 2023
The total number of residential mortgage products is on the rise - above 5,000 for the first time since May 2022. This is according to the latest UK Mortgage Trends Treasury Report from Moneyfacts. Product choice is up month-on-month to 5,146 options, breaching 5,000 for the first time since May 2022 (5,087) and the
April 19, 2023
If youre looking to buy your first home, chances are finding out how to get a mortgageis pretty high on your to-do list. As a mortgage is a big financial commitment, its... | April 19, 2023