The UK mortgage market, a landscape constantly shaped by economic winds, is experiencing a significant shift. After a prolonged period where 5-year fixed-rate mortgages offered the allure of long-term stability, 2-year fixed-rate products are poised to become more attractive,
Tag Archives: mortgage rates
The Great Rate Race: Why Do Banks Play Favourites with Interest Rates?
Ever noticed how quickly your savings rate drops when the Bank of England cuts rates? It’s almost like the banks have their finger hovering over the “decrease” button, waiting to pounce. Yet when it comes to passing on those same cuts to mortgage holders, suddenly everything moves at a glacial pace. Let’s dive into this fascinating (and frustrating) phenomenon.
Income Protection vs Critical Illness Cover: Why More Brits Are Choosing Monthly Protection
In an era where financial security feels increasingly precious, there’s a quiet revolution happening in how we protect our income. The latest figures from the Association of British Insurers (ABI) reveal a fascinating shift in how British households are approaching their financial safety nets – and we’re here to break down what this means for you.
Fixed Rate Paradox: Why Some Mortgage Rates Are Rising Despite BoE Outlook
We’ve noticed some head-scratching from our clients lately. “Hold on,” they’re saying, “wasn’t everyone talking about interest rates coming down?” It’s a fair question, especially when you’re seeing headlines about several major lenders hiking their fixed rates.
Case study: Rohit Kumar
Rohit had been trying to remortgage his property for over a year.
He’d had a bad experience with a previous mortgage broker who simply couldn’t overcome any hurdles and provide the client with their needs.
He knew Nathan because he is an IT consultant and Nathan was a client of his, so he decided to move from the brokers he was using to Dwello and see if they could help instead.
Case study – Caroline Hastings
Great customer service is at the very heart of what we do at Dwello Mortgages and there is nothing better to enhance our reputation than when people keep coming back or recommend us in the most glowing terms to family and friends.
Dwello Mortgages – February 2024 snapshot
“The interest rates for an 85% Loan-to-Value remortgage remain steady, with the low rate standing at 3.26% in February 2024.”
Do you want to know what is happening across the mortgage market with house prices, mortgage rates and products?
Dwello Mortgages – December 2023 snapshot
As we head towards a mortgage price war between the banks, news of a Boxing Day boom of new properties on the market and an exciting year ahead, we share with you our monthly snapshot as we look back on December and look ahead as we find the right mortgage products for our clients…
Mortgage Guarantee Scheme extended for prospective Shropshire homeowners
There was some good news for prospective homeowners in Shropshire following the Chancellor’s Autumn Statement with the extension of the Government’s Mortgage Guarantee Scheme – but what does it mean in practical terms for people looking to get onto the property ladder?
The pros and cons of fixed-rate mortgages
Getting a mortgage in Shropshire is a big step because it is something you are going to be tied to for some time – which is why it is so important to get it right.