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We have saved up the deposit to buy our first property, but with mortgage rates so high, we think the monthly payments might be a bit of a financial stretch.
We've saved a deposit to buy our first property, but with mortgage rates higher than we expected, we now think the monthly payments might be a little tough
Aspiring first-time buyers have found themselves caught between a rock and a hard place thanks to escalating rents and mortgage rates.
Despite another base rate rise by the Bank of England in August, and the expectation by many of a further increase in October, in recent weeks most lenders have started to cut fixed rates. Spicerhaart joint chief executive John Phillips says one of the biggest drivers of the repricing has been the fall in inflation,
A new mortgage lender will offer borrowers the ability to lock in the interest rate on their home loan for up to 30 years.