Today's 0.5%  Bank Rate Increase - Deposit size and mortgage rate breakdown
Channel: Niche
Date: 2023-06-22

Are you looking to purchase a home in the UK? With Bank of England's recent policy rate increase of 0.5%, mortgage rates and deposit sizes are changing. Watch this informative video to find out more about how new mortgage products and their different terms might affect your decision-making process with home buying. Get up-to-date information on BoE's latest policy rate increase, bank base rates, and UK mortgage deposits now!

You can view and download the product sheet on this video by clicking on the below link
https://workdrive.zohopublic.eu/external/3a1712cc2aaaa47073f26366990178c7757cc688f5d9f226f441693f6743ccaa

Rates taken from Twenty7tec 22/6/2023 9.34am * Variable could be a Tracker or Discount from a Standard Variable Rate Based on a £300,000 Purchase Price. Ranked by lowest Pay Rate order. We have excluded products: new build, products that need specific professions such as key workers, teachers or professionals, “green” properties or the first homes scheme or require you to take other financial products such as a bank account

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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 Video does NOT constitute giving advice it is purely designed for general information purposes only. The qualification for a mortgage will depend on your own individual circumstances, and your case should be fully discussed with a Professional Mortgage Broker before you apply. Niche Advice are Independent Whole of the Market Mortgage Broker dealing with different types of clients buying properties all across the UK.

Some Buy to let, and commercial mortgages are not regulated by the Financial Conduct Authority.  

Niche Advice Limited is a Credit Broker and does not lend money directly to clients. Niche Advice Limited is authorised and regulated by the Financial Conduct Authority. FCA No: 750263. The Financial Conduct Authority does not regulate Commercial Buy to Lets, including some Bridging Loan products.

#interestrates #bankrate #mortgagerate