The Bank of England Base Rate interest rate rise will have a profound impact on first time buyers, next time buyers, and homeowners who are not on fixed rates. The interest rate rise is 0.25% to 0.5%, which still is low but when you stop to think about double the amount! As a result, the higher interest rate will filter into Lenders affordability calculations for new borrowers and those looking to release further money. Another hurdle that is set to reduce the mortgage amount is the assumptions placed on the cost of living and in particular the fuel prices hikes. In short; obtaining a higher level mortgage just got harder! To contact Payam Azadi and get advice about the Bank of England Interest Rate Rise please click on the link https://www.nicheadvice.co.uk/contact-us/ THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS. The content of this Vid
https://www.youtube.com/watch?v=V28s1DPR0OU
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