Are interest rates likely to rise?

The golden rule of interest rates: wherever the US goes, the UK tends to follow. So it’s not surprising that while we’re seeing rates rise in the US – with their base rate rising to 1.25% this month (June 2017), and expected to rise again soon – those in finance are getting jittery about the UK’s position. Do interest rates …

The “Bank of Mum and Dad” is officially the UK’s ninth biggest lender

Every parent wants to see their children succeed and fly the coop at some point, and for young people, owning a home is a dream, a major step into adulthood and financial independence. However, while previous generations were able to easily secure mortgages from banks, now children are increasingly looking to the “Bank of Mum and Dad” (Bomad) to help …

How does a mortgage work exactly?

Unless you are fortunate enough to have the cash in the bank, a mortgage will be a necessary requirement in order to buy your own a house, and getting the right mortgage in place will be the first crucial step to that dream of home ownership. Put simply when you buy a home using a mortgage you agree to pay …