Afin Bank Limited’s Post

While the reduction in the Bank of England Base Rate is welcomed news for those facing higher mortgage repayments, for those who have money in savings, it may not be the news they are wanting it hear. If you have any questions about the impact the drop in interest rates may have for you & your savings our Savings & Investments advisers are here to help. 📞 - 01480 477774 📧 - info@premierplusltd.co.uk

UK's Inflation is coming down which could lead to interest rate cuts as early as August! Great news for those with a mortgage, but those with savings accounts and fixed deposits could see a drop in their interest earnings. #FinancialPlanning #MortgagePlanning

🚨 Bank of England cuts interest rate to 4.75% 🚨 The Bank of England’s latest base rate cut, dropping it to 4.75%, brings new implications for inflation, interest rates, and the mortgage market—especially with Chancellor Rachel Reeves’s recent budget forecasted to push inflation up over the next two years. In our newest article, we unpack: 🔹The potential delays in inflation returning to the 2% target 🔹 Why borrowers may not see immediate mortgage rate relief 🔹 How lenders and commercial lenders are already adjusting their offerings 🔹 What this means for homeowners, first-time buyers, and commercial mortgage holders navigating the current climate. Dive into our full analysis and find out how to navigate these changes effectively: https://lnkd.in/e2z6Qstv #Finance #BankOfEngland #InterestRates #Mortgages #ApprovedFinanceGroup #Inflation #BreakingNews

📉 The Bank of England has cut interest rates for the first time in four years from 5.25% to 5.0%. This move comes as inflation hits the Bank's 2% target, easing financial pressures for many. What This Means for You: ◾ Current Mortgage Holders with Variable or Tracker Rates: You may see a reduction in your monthly payments as this rate cut filters through to lenders. ◾ Future Homeowners and Those Considering Remortgaging: This drop offers an opportunity for potentially better mortgage deals. Now is an excellent time to explore your options with Ascot Mortgages by your side. 📞 01925 711558 📧 enquiries@ascotmortgages.co.uk #BankOfEngland #InterestRates #MortgageAdvice #FinancialPlanning #AscotMortgages

Check out our very own Nicholas Mendes featured in the Daily Express, sharing some of his insights on what he believes will happen to interests rates this year. “By the end of 2024, I anticipate the Bank of England will implement two rate cuts of 0.25 percent each, with a possibility for a third cut, reflecting an optimistic outlook for the UK economy. These measures are expected to stimulate growth, enhance consumer and business confidence, and maintain inflation targets, setting the stage for a robust economic recovery and financial stability.” Click the link below to read the complete article.👇 https://lnkd.in/e9pitBbD #johncharcol #mortgagebroker #mortgagebrokers #mortgagebrokerage #remortgage #remortgaging #fixedrates #fixedrate #producttransfer #pt #switchlenders #advice #mortgageholders #lenders #mortgage #mortgagelending #mortgagebrokeruk #mortgages #mortgageadvice #mortgageadvisor #mortgagelending #mortgagebrokeruk #firsthomebuyers #firsttimebuyer #firsthome

📉 Interest Rate Cut Alert: The Bank of England has lowered its base rate from 5% to 4.75%! This is great news for borrowers, especially the 600,000+ on tracker mortgages who’ll see an immediate reduction in payments. Variable-rate holders may also benefit, depending on lender response. While further cuts may be on the horizon, borrowers are encouraged to work with brokers to lock in favourable rates and consider fixed-rate options for stability. This latest move offers a bit more breathing room for homeowners and may help first-time buyers get closer to owning a home. #InterestRates #BankOfEngland #MortgageRates #HomeOwnership #FirstTimeBuyers #FinancialRelief #PropertyMarket #PropertyNews

A positive step as we come towards the end of 2024 and further signs of the recovery of the economy. The impact on the mortgage and housing market will be encouraging as we are still dealing with high levels of activity on the run in to the end of the year. #baserate #bankofEngland #housing #mortgages

🏡 Bank of England Holds Base Rate at 5% The Bank of England has held the base rate steady at 5%, reflecting concerns around core inflation. While the housing market remains tight, we’re seeing increased buyer interest and softening mortgage rates, with more competitive deals like Santander’s sub-4% 2-year fixed mortgage. At PLG Consultants, we’re optimistic that easing borrowing costs will continue to create opportunities for buyers and sellers alike. Read more in our latest blog: https://lnkd.in/eZm6eGxK #HousingMarket #InterestRates #MortgageRates

Taxpayers’ money is better spent on building houses than stuck in bank shares, says AIB chief Colin Hunt: CEO says the institution is primed to boost mortgage market as he notes national upsides of profitability and puts emphasis on green financing https://lnkd.in/ea8Vdz7U

📉 "The Monetary Policy Committee today agreed to reduce the Official Cash Rate by 50 basis points to 4.25 percent." - RBNZ 📅 "If economic conditions continue to evolve as projected, the Committee expects to be able to lower the OCR further early next year." - RBNZ What does this mean for you? ✅ Lower floating mortgage rates. ✅ Lower headline fixed mortgage rates - specials on the horizon? ✅ Increased borrowing capacity with reduced servicing test rates. Our advice? Banks may take a week or two to adjust, with below-the-line discounting to follow. Every situation is unique, so seek independent advice tailored to your needs. Contact adviceHQ for refix, restructure, or refinance support. #RBNZ #OCR #MortgageRates #adviceHQ