Anticipating the Bank of England's Base Rate Decision: A Perspective from R3 Mortgages, Thorpe Bay, Essex
The financial community is eagerly awaiting the Bank of England's Monetary Policy Committee's upcoming meeting on the 2nd November 2023. With the base rate currently held at 5.25%, there's much speculation about its future trajectory. As a mortgage brokerage in Thorpe Bay, Essex, we delve into the implications of these decisions on the mortgage industry and the broader economic landscape. From the historical rate changes to the voting patterns of the MPC members, we provide insights into what the future might hold for borrowers and lenders alike.
The Importance of The 24-Hour Pledge - Why Mortgage Brokers Are Fighting Your Corner
Discover "The 24-Hour Pledge", an innovative campaign launched by mortgage brokers Riz Malik, Lewis Shaw, and Jamie Lennox. Aimed at ensuring fair treatment for clients amidst mortgage market volatility, the campaign advocates for lenders to provide a 24-hour notice before withdrawing mortgage deals. Learn how this client-centric initiative fosters better communication, bolsters client decision-making, and encourages mutual growth in the mortgage industry.
Time to ditch the tracker?
Are you prepared for potential changes in interest rates? Our latest article explores the impact of rising interest rates on personal finances, specifically for those who have borrowed money at historically low-interest rates and buy-to-let landlords. We provide practical advice on assessing cash flow and profitability, and the need for vigilance in an increasingly unstable climate. Stay informed and be prepared! Read the full article now.