mortgage Archives - Philip J Milton & Company Plc https://www.miltonpj.net/tag/mortgage/ North Devon's Leading Wealth Managers Tue, 04 Feb 2025 14:27:10 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.1 https://www.miltonpj.net/wp-content/uploads/2018/02/PJMCO-Site-Image-4-100x100.png mortgage Archives - Philip J Milton & Company Plc https://www.miltonpj.net/tag/mortgage/ 32 32 Equity release – is it in your best interest? https://www.miltonpj.net/2025/02/05/equity-release-is-it-right-for-you/ Wed, 05 Feb 2025 10:00:00 +0000 https://www.miltonpj.net/?p=11648 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 […]

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]]> House prices drop as interest rates increase https://www.miltonpj.net/2023/08/09/house-prices-fall-as-interest-rates-rise/ Wed, 09 Aug 2023 14:14:25 +0000 https://www.miltonpj.net/?p=10809 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 […]

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]]> Rising interest rates – act now if you need a new deal https://www.miltonpj.net/2023/06/28/interest-rates-increase-mortgages/ Wed, 28 Jun 2023 12:20:31 +0000 https://www.miltonpj.net/?p=10728 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 […]

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]]> What do rising interest rates mean for savers and mortgage seekers? https://www.miltonpj.net/2022/11/09/interest-rates-rise-mortgages/ Wed, 09 Nov 2022 11:12:00 +0000 https://www.miltonpj.net/?p=10334 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 […]

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