{"id":9518,"date":"2022-11-17T14:43:42","date_gmt":"2022-11-17T14:43:42","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/?p=9518"},"modified":"2022-11-17T14:43:42","modified_gmt":"2022-11-17T14:43:42","slug":"mortgage-market-update","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2022\/11\/17\/mortgage-market-update\/","title":{"rendered":"Mortgage market update"},"content":{"rendered":"<div class=\"hd-block hd-block-paragraph\">\n<p><strong>It\u2019s been a\nbusy couple of months in the mortgage market, with rising interest rates and\nnew product ideas dominating the discussion<\/strong>.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Rate rises<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Following the\nBank of England\u2019s decision to raise interest rates, two million mortgage\nholders with standard variable rates or tracker mortgages are already facing\nhigher repayments.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Bank Rate\nincreases will also impact those with fixed-rate contracts, many of whom will\nface higher costs when their current deal ends. Although 83% of existing\nmortgage holders are on fixed-rate contracts, almost a third have short\nagreements of up to 24 months<sup>1<\/sup>.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Fifty years<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>How would you\nfeel about repaying your mortgage for fifty years? Ultra-long mortgage deals\nare one of the government\u2019s proposed solutions to help more people own a home.\nThe plan would help more people build equity rather than paying rent, with a\nlonger mortgage period allowing larger sums to be borrowed.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Here to\nadvise<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>We\u2019re on top of\nall the breaking news and new ideas. With so much happening right now, getting\nthe right advice is more important than ever. Wherever your property journey is\nheading, we\u2019ll help you navigate the choppy waters.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>1<\/sup>Bank of England,\n2022<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong><em>As a mortgage is secured against your home or property, it could be\nrepossessed if you do not keep up mortgage repayments<\/em><\/strong><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>It\u2019s been a busy couple of months in the mortgage market, with rising interest rates and new product ideas dominating the discussion. Rate rises Following the Bank of England\u2019s decision to raise interest rates, two million mortgage holders with standard variable rates or tracker mortgages are already facing higher repayments. Bank Rate increases will also [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":9513,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,91],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/9518"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=9518"}],"version-history":[{"count":2,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/9518\/revisions"}],"predecessor-version":[{"id":9520,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/9518\/revisions\/9520"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/9513"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=9518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=9518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=9518"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=9518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}