• Money Market News

    Money Market News

    Rates as at 11th April 2014: Bank of England Bank Rate: 0.50%, 3 month LIBOR: 0.52%, 2 Year Swap: 1.02%, 5 Year Swap: 1.94%, £1 = 1:67 USD, £1 = 1.20 EUR

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  • Annuities and interest rates

    Annuities and interest rates

    Could it be that a lack of demand for gilts by the insurance and pensions companies will further reduce their price and increase their yields, in a similar effect to that predicted to result from the tapering of QE? With less downward pressure on interest rates from both the tapering of QE and the loss of pension providers’ appetite to buy gilts to match annuities, it could be that there will be further upward pressure on fixed interest rates.

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  • Welcome to our new website

    Welcome to our new website

    Here at Private Finance, we are constantly looking for ways of improving our service to our clients and this news article is to update you on our latest developments. As you can see, we’ve launched a new website that makes it easier for potential clients to see the benefits of using first-class independent mortgage advisors. But that's not all.

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  • Will 2014 see the first interest rate rise for 7 years?

    Will 2014 see the first interest rate rise for 7 years?

    The Bank of England Bank Rate (also known as the ‘Base Rate’) has not risen since the summer of 2007, when it peaked for 2 months at 5.75%. It fell rapidly as the credit crisis took hold, hitting 0.5% in March 2009, where is has been ever since – at a record low.

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  • Is it time to fix your mortgage rate?

    Is it time to fix your mortgage rate?

    In recent weeks it has become increasingly clear that the historically low fixed rates offered to borrowers with substantial deposits or equity may have gone. The cheapest 5 year fixed rates were on offer last year at below 2.5% but are now closer to 3.0% in response to an increase in the cost of wholesale funding.

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  • A guide to buying property with friends

    A guide to buying property with friends

    This guide is the latest in a series on various aspects of the mortgage market, designed to help clients make an informed decision about their mortgage choices. Other topics covered so far are refurbishment and renovation properties, guarantor mortgages...

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  • Finding good value property in commuter towns

    Finding good value property in commuter towns

    There is no doubt that London is currently one of the most exciting cities in the world and its attractiveness as a place to live commands a premium which many feel is worth paying. This article is aimed at people who have made the decision to move...

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  • 2013 – The Year That The UK Mortgage Market ‘Turned The Corner’

    2013 – The Year That The UK Mortgage Market ‘Turned The Corner’

    In the last month or two Mark Carney, Governor of the Bank of England, has made numerous comments to the effect that the UK economy has ‘turned the corner’. What has definitely boosted consumer confidence over the course of 2013 is sustainable economic recovery, evidenced by the growth in UK GDP of 0.8% between July and September, the best quarterly growth for 3 years.

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© Private Finance Limited, 2014. Private Finance is an independent mortgage advisor that advises on and arranges bespoke mortgage solutions for clients. Private Finance is a trading style of Private Finance Limited, 21 Bedford Square, London WC1B 3HH, registered in England no. 3855776. The Partners are members of Private Finance Associates LLP registered in England no. OC357301. Credit broker fees of up to 1% of the amount borrowed may be charged depending on the type of product. Advice is provided by Private Finance Limited. Private Finance Limited is authorised and regulated by the Financial Conduct Authority (FCA registration number 310566).

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