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: mortgagetips
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.
Happy birthday to Dwello!
Shropshire mortgage advisory firm Dwello Mortgages is celebrating its first anniversary after a successful year which saw the team securing and completing mortgage offers totalling £5.6million.
Case study: Kirit and Aruna Patel
Kirit and Aruna Patel had remortgaged with Nathan Blissett personally before he set up Dwello Mortgages as a company – and there was no question that they were not going to go back to him.
They own three properties, one of which is their own and two are buy-to-let mortgages, which they let to family members.
Their portfolio of properties means it is a lot of work when remortgaging comes up.
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…
Dwello Mortgages – November 2023 snapshot
Despite the challenging environment, there is good news to be found in the data… yes we said good news!
In our latest monthly snapshot, our principal mortgage adviser, Nathan Blissett, talks about house prices increasing – yes really!, the Buy To Let market shifting and so much more.
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.
Dwello Mortgages – September 2023 snapshot
Have you been burying your head in the sand long enough? Is your fixed rate mortgage coming to an end in the next six months or has it already ended and you still do not know what move to make next?