Mortgage SOS: ‘I’m selling my house because of a divorce and can’t get a fixed rate – what shall I do?’
Is the mortgage market turbulence getting you down? Have you got a mortgage-related question you need answering? Email in and we’ll get one of our experts to reply. Nick Mendes, mortgage technical manager at John Charcol, has given his advice to a reader below. If you have a question for our experts, email us atToday’s question comes from Gerry White, a 45-year-old father of two who lives in London.
With each base rate rise, the costs increase further and this has meant things like school trips and other activities aren’t as easy to afford. We’re hoping to sell the house soon and get a new mortgage each, but until then, is there anything we can do to try and limit costs?According to Zoopla, it takes around 25 weeks on average to sell a home, but the exact length of time is dependent on many factors and the process can often take up to 34 weeks.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Average homeowner paying £7,000 annual ‘Tory mortgage penalty’, says LabourHomeowners are being hit with a “Tory mortgage penalty” of £7,000 per year, Labour said Pat McFadden, shadow chief secretary to the Treasury, blamed what he called the “reckless economic gamble” taken by the Conservatives during September’s mini-Budget
Source: i newspaper - 🏆 8. / 89 Read more »
Homeowners have been hit with £7,000-a-year 'Tory mortgage penalty', Labour claimsAnalysis by Labour found the average homeowner is spending an extra £150 every week since Liz Truss's and Kwasi Kwarteng's infamous mini-Budget in September.
Source: SkyNews - 🏆 35. / 67 Read more »
Mortgage lenders abruptly removing deals is causing more harm to fragile market, brokers warnThe UK has been hit by 12 consecutive interest rate rises in recent times, bringing the base rate to 4.5 percent and it is expected to increase again
Source: i newspaper - 🏆 8. / 89 Read more »
Warning UK mortgage rates set to rise furtherIt comes as 1.5 million people are set to come off fixed-rate mortgage deals this year.
Source: BBCNews - 🏆 3. / 97 Read more »
Two more major UK mortgage lenders pull deals with little noticeTwo more major lenders are withdrawing mortgage products for new customers with little notice as providers continue to increase their rates gracegausden93 reports
Source: i newspaper - 🏆 8. / 89 Read more »
Warning UK mortgage rates set to rise furtherIt comes as Santander becomes the latest big lender to withdraw deals due to market turbulence.
Source: BBCLondonNews - 🏆 115. / 51 Read more »