Industry News

Having been a mortgage adviser for a number of years I’ve seen a few changes in the mortgage market. So, the recent mortgage interest rate rises sadly come as no surprise. Oh, for the years following the 2008 financial market crash when Bank of England interest rates were crazily low at 0.5% for around 7 or so years and even just following the pandemic at an historic low level of 0.1%. Will we ever see this again? Highly unlikely – though never say never. Though do we really

Trump`s war on Iran is hotting up. Let`s not get too political here, whether you agree or disagree with the Don`s approach to World order is not the debate here. Rightly or wrongly, we have entered turbulent times. And it doesn’t just affect the Middle East! The fallout will affect all. Oil prices dictate. And it’s starting to feed through to the petrol pumps, and ultimately this as mentioned in our `Do you stick or twist on your mortgage` post this will affect the mortgage

Events in the Middle East have escalated dramatically in the past few days. So much so that the fallout from this is likely to affect most of us. Take the simple fact that around 20% of the oil that is sold around the globe usually passes via the strait of Hormuz, via huge tankers. And that this passage is all but shut now due to Iran threatening to attack such tankers. This has fed through to drops in the financial stock markets and will ultimately feed through to the petrol