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Significant rise in 35-year term mortgages
An increasing number of borrowers will be repaying their mortgage into their 70s, research has revealed. There has been a significant rise in the number of people taking out mortgages with terms of 35 years or more, according to data from Quilter. It found that within...
Mortgage rules could be relaxed
After rules were tightened following the 2008 financial crisis, the Financial Conduct Authority is considering easing them to potentially make borrowing easier. In a newly published letter, the Financial Conduct Authority (FCA) has said it is looking to simplify...
MB Associates receives Feefo’s Exceptional Service badge 2025
For immediate release 21 JANUARY 2025, MB Associates has won one of Feefo’s most exclusive accolades in customer service – the Feefo Exceptional Service badge. This award is an independent seal of excellence that recognises businesses which have shown particular...
UK inflation falls in December
In surprising news, annual inflation dropped to 2.5% in December. Find out more about what this could mean for future interest rates and your finances. The latest inflation data is in, and December brought some unexpected news. Consumer Prices Index (CPI) inflation...
House prices dipped in December but rose annually
Halifax reveals last year’s regional rises and falls and what the property market may have in store for 2025. House prices decreased slightly in December, according to Halifax. The latest figures from the lender showed that prices went down by 0.2% in December, but...
Cost of private renting increases
As the cost of private renting goes up, now could be a good time to make the transition to home ownership. Here’s what you need to know… If you currently rent a property in the UK, it’s probably no surprise to hear that private renting is getting more expensive....
Base rate held at 4.75%
Base rate is unchanged in December’s review, possibly due to inflation creeping up again in November. The Bank of England has today voted to keep the base rate at 4.75%. While many might have hoped for another rate cut following November’s reduction from 5%, inflation...
UK mortgage market predicted to grow next year
Gross mortgage lending is forecast to rise by 11% as affordability improves, and steady growth is predicted for 2025. UK Finance has recently released its latest housing and mortgage market forecasts, which project continued growth throughout 2025. The forecasts...
Self-employed mortgage market set to rise
The changing face of the workplace means the number of ‘non-standard’ mortgage applications is set to grow by 67% over the next five years. According to new research from specialist lender, Together, lending to self-employed mortgage applicants is set to grow from...
Half the population worried they don’t have enough for retirement
Millions of older people are concerned they don’t have an adequate pension or cash savings to fund their later years. More than one million people over 45 have zero cash savings, according to recent research conducted by not-for-profit organisation Fair4All Finance,...