mortgage Archives - Philip J Milton & Company Plc

New bond lows

So Lake Ontario is now to be called Lake America and so a wag has said Canada Geese are also now called Donald Ducks… oh well, let’s await developments there… the loyalists fought-back against the American invaders in the 1812 war and won and the White House was burned-down in 1814. Let’s trust they...

Equity release – is it in your best interest?

Equity release – or remortgaging your home – saw a surge in popularity at the end of 2024, latest figures have revealed. The Equity Release Council says there was an increase in lending of £622million in the last quarter of the year, up 16% on the year before, although the figure for the total year...

House prices drop as interest rates increase

House prices have dropped by the biggest yearly decline for 14 years, according to Nationwide. The data for July was shortly before the Bank of England increased interest rates yet again, taking it from 5% to 5.25%, spelling more uncertainty for mortgage holders. The BBC has reported the latest from Nationwide, which said affordability was becoming...

Rising interest rates – act now if you need a new deal

As was widely predicted, the Bank of England (BoE) raised interest rates by half a percentage point to 5% on Thursday in its ongoing attempts to reduce inflation, which now stands at 8.7% after not dropping as expected. While the CPI (consumer price index) for inflation dropped into single figures in April, it has stayed...

What do rising interest rates mean for savers and mortgage seekers?

Interest rates have risen to 3%, the highest rate in 14 years and the subject dominating the headlines this week. On the surface it appears to be good news for savers and bad news for many people with mortgages, especially if their fixed term rate deal is set to expire and they need to go...

New bond lows

Equity release – is it in your best interest?

House prices drop as interest rates increase

Rising interest rates – act now if you need a new deal

What do rising interest rates mean for savers and mortgage seekers?

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Philip J Milton & Company Plc