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Posts Tagged ‘interest rates’

FRIDAY Five: 5 Top Savings Accounts

Welcome to the Friday Five! Each week we’ll provide five quick tips about a different topic of interest. Interested in seeing a particular subject discussed? Send an email with your FAQ to

How To Avoid A Stress Test When Remortgaging?

Britain is already seeing the effects of the recent increase in the Bank of England base rate, with the country’s major mortgage lenders (Barclays, Hailfax, HSBC, Lloyds, Nationwide, and NatWest) hiking their SVR rates by 0.25% in order to recoup some of their added costs.

Will Savings Account Interest Increase With the Rate Rise?

This month, the Bank of England’s Monetary Policy Committee voted unanimously to raise the base rate from 0.5% to 0.75%. We’ve covered what this means for mortgages interest rates, but what does this mean for savings accounts interest rates?

If You Have a Fixed Rate Mortgage You Are Protected

Despite previous warning that the base rate would be increasing after the recent Bank of England’s Monetary Policy Committee meeting, many were still hopeful that a rate hike would be delayed. Alas, the committee voted unanimously to an increase of 0.25%, climbing from 0.5% to 0.75%, just months after a November 2017 increase from 0.25%.

Bank of England Rates Predicted to Rise Two Times in 2018

The Bank of England’s base rate is the official interest rate that banks and building societies use to determine interest rates they offer for mortgages and saving accounts. The current BoE base rate of 0.50% was increased from 0.25% in November 2017, marking the first time it had risen in a decade. While some are […]

FRIDAY FAQ: How does remortgaging work?

Every Friday we aim to post an answer to a FAQ about mortgages, tax, investments, money matters, business or retirement. You can have your say too. Send an email with your FAQ to

You could be paying £5k a year too much on your mortgage

At the end of the initial period on your mortgage, did you search the market for a better deal and remortgage your home loan? Or, like millions of other homeowners, did you let your mortgage switch over to the standard variable rate without a second thought? If your situation sounds more like the latter than […]

FRIDAY FAQ: What is the base rate?

Every Friday we aim to post an answer to a FAQ about mortgages, tax, investments, money matters, business or retirement. You can have your say too. Send an email with your FAQ to

2 year fixed mortgages outperforming 5 year deals

At the end of last year, the Bank of England (BoE) increased the base rate by 0.25%, turning the housing market upside down. Two year fixed rate mortgages gained market share after the hike (a change from the gradual decrease they had been experiencing throughout 2017) while five year fixed mortgages fell for the first […]

What does 2018 have in store for us financially? 

During his Autumn Budget Statement, the Chancellor, Philip Hammond delivered some worrying news. The Office for Budget Responsibility reduced the economic growth forecast for 2017 from 2% to 1.5%. Moving into 2018, it doesn’t look much better. Should we be worried and how can we prepare?

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