Nelson Mortgages

Over the past year the popularity of fixed rate mortgage has been rising, and this has been largely due to a series of five interest rate rises that have taken place since August 2006. With each of these interest rate rises more and more homeowners and first time buyers were panicking over how they would keep up with their rising mortgage repayments. For many, taking out or remortgaging to a fixed rate deal was the most effective solution, as this meant that they would no longer have to cope with the effects of further interest rate rises. Read the rest of this entry »

Popularity: 77% [?]

The UK has seen a record five interest rate rises of 0.25% each in the last year, with the Bank of England taking the base rate from 4.5% last August to 5.75% this July through the series of interest rate hikes. According to some analysts and economists a further interest rate rise does not lie far off, and many expect a further rise to be announced after September’s Monetary Policy Committee meeting. This would take the interest rate – which is already at its highest in six years – up to 6%. Read the rest of this entry »

Popularity: 60% [?]