The Bank of England base rate was at 0.50% from March 2009 to June 2016. It was reduced to 0.25%, August 2016. And it was increased back to 0.50%, November 2017 Question: Where do you see the Bank of England base rates in 2018? If there is one thing I am 100% certain of, it is that there will be areas of uncertainty. No one has a crystal ball; as an example, very few people predicted the global cr... »
Under permitted development rights, you are allowed to extend or change your home without the need for planning permission. If you live in a designated area, then you will be restricted or prohibited from carrying out any changes. However, the general advice is that you consult your local planning authority about your proposed development before commencing any work. You might be looking to purchas... »
Unfortunately, once you get close to retirement age, your mortgage options reduce significantly. As a result of the new rules that came into force in April 2014, lenders have decided to close the shop on lending to older borrowers. It’s all about affordability! It’s very easy to jump on the media band wagon and accuse lenders of adopting an ageist policy to anyone over the age of 35, but let’s not... »
Another reason someone may consider remortgaging is to release cash to buy another property for investment purposes. Homeowners with very little pension income or the realization that they will be left with a miserable pension post-retirement are looking at alternative avenues to supplement their future pension income. This is how remortgaging for pension income works in practice: Emily Flowerpot,... »