Offset Mortgages: What You Need To Know
Offset mortgages are becoming popular for borrowers who want to take control of their finances. By linking savings accounts to their mortgage, borrowers can offset the balance of their mortgage against savings. This can lead to significant savings and flexibility, though offset mortgages typically have slightly higher interest rates and require a decent amount of savings. Nonetheless, for those who can take advantage, an offset mortgage can be a powerful tool for managing finances and reducing interest payments.
UK Interest Rates: 10 Things You Should Know
Are you feeling worried about the impact of rising interest rates in the United Kingdom? With the country currently experiencing its highest inflation rates in 40 years, many people are understandably concerned about the future of interest rates and how they will affect their finances. In this article, we'll discuss 10 important facts about UK interest rates that you need to know to stay informed and make sound financial decisions. From the role of the Bank of England to the impact of inflation on fixed-rate mortgages, we'll cover everything you need to know to prepare for potential changes to interest rates in the coming months. And if you have a mortgage due for renewal soon, we'll provide some practical advice on when and how to start exploring your options. So, let's dive in and learn more about how UK interest rates work and what you can do to protect your financial future.