Base rate rises The Bank of England finally raised the base rate in December, bringing it from 0.1% to 0.25%. The inflation rate is now 5.1% thanks to rising energy costs, which compares to the Bank’s target of 2%. Given that raising interest rates tends to curb inflation, you wouldn’t bet against at least a couple more rate rises in 2022. This means mortgages could become a little more expensive as the year goes on. How rapidly the base rate increases likely depends on Omicron – the more confidence is dented by the virus the more cautious the Bank will be about increasing the cost of borrowing for you and me.Read Story
If you’re worried about getting a mortgage after the IR35 changes, we are here to help, whether you are inside or outside IR35Read Story
Santander is excluding the 2020/21 tax year when assessing self-employed mortgage applicants who’ve been adversely affected by the pandemic.Read Story
The government has launched a scheme for people with a 5% deposit, in the long run this could drive down rates, as financial institutions desperately clamour for your business.Read Story
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