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Latest News

Base rate remains the same despite European cut

The Bank of England has kept interest rates unchanged at a record low of 0.5%, for the 50th consecutive month. The Bank’s Monetary Policy Committee has also, in a move widely anticipated by markets, kept quantitative easing on hold at £375 billion. This came despite further monetary easing in the Eurozone last week, in the form of an interest rate cut from 0.75% to 0.5%.
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Residential - Best Buy

Recently Arranged Terms

2.45%
Initial 2 Year                  Tracker Rate
4.00%
Standard Variable                  Rate
£1,499
Lender Fee
60%
Max Loan To Value
Yes
Early Repayment                  Charge
3.8%
APR

Latest News

Base rate remains the same despite European cut

The Bank of England has kept interest rates unchanged at a record low of 0.5%, for the 50th consecutive month. The Bank’s Monetary Policy Committee has also, in a move widely anticipated by markets, kept quantitative easing on hold at £375 billion. This came despite further monetary easing in the Eurozone last week, in the form of an interest rate cut from 0.75% to 0.5%.

Green shoots of confidence appearing on the high street

We are now into the fourth year of interest rates being pegged at a record low of 0.5%, and there seems little prospect of an imminent rise in rates. Perhaps though it is this certainty that has engendered an increase in confidence among high street lenders. In recent months, we have seen a number of banks and building societies dipping their toes again in the large loan market, with some offering mortgage loans of more than £1 million. This trend has not been seen since before the financial cri

Talk of Negative Interest Rates

Simon Gammon, Managing Partner of Knight Frank Finance, comments: "Since there has been talk of ‘negative interest rates’ over the last month, it was a foregone conclusion that the Bank of England would keep interest rates unchanged at 0.5% for another month. They have now been pegged at this level for four years."

World’s wealthy set to grow by 50% in the next decade

The Wealth Report 2013

5 year fixed rates now under 3.0%

The Bank of England may have left interest rates unchanged for another month, but the tussle among high street lenders for market share is continuing to put downward pressure on mortgage rates. Buyers will be aware, however, that while rates may have fallen, securing a deal with a modest deposit remains challenging. Some lenders’ market-beating deals also come with a sting in the tail – a hefty arrangement fee. Bank arrangement fees now are often over £1,000 so it is crucial to look at the overa

January is the time for renewed hope amongst lenders

It is fast approaching 4 years now since interest rates were cut to the current record low of 0.5% back in 2009.The markets have changed beyond recognition but there are trends to positive about. Within the mortgage market, January is always a time for renewed hope as lenders enter the new year with revised lending targets and subsequently launch new products.

More Change in the Mortgage Market

The base rate may have remained pegged at 0.5% for yet another month, but it has been an interesting month for the Bank of England as it emerged that Canadian central bank Governor Mark Carney will be taking over at the helm from Mervyn King next year.

Changes ahead for mortgages

While continued low rates are a bonus for mortgage borrowers, the wider market remains challenging, with demands for larger deposits putting the most competitive home loan deals out of the reach of many. However, those who have the equity within their home, or have a large deposit, can take advantage of some very competitive deals.

Standard Variable Rates Peak

Interest rates may have been at a record low of 0.5% since 2008, but most variable mortgage rates have been creeping up.

Knight Frank Expands Global Reach after Strong Financial Performance

Knight Frank LLP (“Knight Frank”), the world’s leading independent property advisor, announced its financial results for the year ended 31 March 2012.