Mortgage Market Weekly Update 18/08

Rarely has one month’s inflation figure created so much interest! Data released yesterday shows that inflation in the UK dropped to 6.8% from 7.9% in June meaning that although prices are continuing to rise, they are rising at a much slower rate. Controlling inflation has been the major factor in the Bank of England’s decisions to continue to raise interest rates so many analysts believe that we are close to the peak of base rate rises.

Last week’s GDP figures also beat expectations, meaning the prospect of a recession has also now become more remote.

Spotlight On: Mortgage Affordability

When referring to ‘mortgage affordability’, many people immediately think of monthly mortgage payments. However, in the mortgage world, this term can also refer to the

Spotlight On: Let to Buy

Let to Buy is simply the process of letting out your existing property to enable you to move forward with a new residential purchase.

Spotlight On: Perenna Bank

A relatively new lender, but one that you may start to hear more and more about, is Perenna Bank. Providing lending of up to 6x

Spotlight On: Foreign Nationals

As Part Exchange enquiries increase and Home Movers continue to lead the way in terms of reservation numbers, many purchasers will already have a mortgage

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MORTGAGES ARE SUBJECT TO STATUS, VALUATION AND LENDER CRITERIA AND ARE NOT AVAILABLE TO PERSONS UNDER THE AGE OF 18.

A BROKER FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION. ANY FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE ADVISER WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU RE-MORTGAGE.

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Connells Limited’s Financial Services Register number is 302221. Most buy-to-let mortgages are not regulated.