Expectations that interest rates will be cut this year remain despite a surprise uptick in the UK's inflation rate last month.
Inflation, which measures how prices rise over time, rose marginally to 4% in December, up from 3.9% in November.
Economists had forecast a slight fall, but rises in tobacco and alcohol prices were behind the surprise rise.
But with energy bills predicted to come down in 2024, there are expectations of rate cuts later this year Read More Here
The GOOD NEWS is lenders have been cutting their Fixed Rate products week on week since August with some lenders now offering rates under 4%! - please call us to discuss what rates are available to you!
The Bank’s Monetary Policy Committee (MPC) voted by a 5-4 majority to maintain the base rate at 5.25 per cent. Four members preferred to increase it by 0.25 percentage points to 5.5 per cent Read More Here
Experts predict an end to Bank of England base rate hikes Read More Here
(25th June 2023) - UK Prime Minister Rishi Sunak has urged homeowners and borrowers to "hold their nerve"
The UK Prime Minister has urged homeowners and borrowers to "hold their nerve" over rising interest rates aimed at bringing down stubborn inflation.
Rishi Sunak told Sunday with Laura Kuenssberg: "I want people to be reassured that we've got to hold our nerve, stick to the plan and we will get through this."
This week the Bank of England raised interest rates to a 15-year high of 5.00%.
Millions of people are facing higher mortgage repayments following the rise.
"I can tell you as prime minister, the Bank of England is doing the right thing," Mr Sunak told the BBC. "The Bank of England has my total support. Inflation is the enemy." Read More Here
Banks and building societies will offer more flexibility to struggling mortgage-holders as rates soar
The move comes after bank bosses met the chancellor, Jeremy Hunt, in Downing Street on Friday.
Borrowers will be able to make a temporary change to their mortgage terms, then will be able to return to their original deal within six months. Read More Here
Are you worried about YOUR mortgage and interest rates?
Do you have a tracker mortgage and will now see your repayments rise? Are you worried that rising rates might affect your finances? Is it time to Fix your mortgage repayments?
Please call us on 01273 906706 to discuss all your options in more detail and which is best for you!
What type of Mortgage to choose and which is best for YOU!?
Getting a mortgage is one of the biggest financial commitments you're ever likely to make. While the prospect can be exciting, navigating the market can be overwhelming – especially with interest rates higher than they have been in years – so it's crucial to understand which mortgage will suit you. Getting advice from a qualified independent broker will help you & could be one of the best decisions you ever make in a 'minefield' of interest rates, products & various mortgages.
Please call us to discuss all your options in more detail & to get advice that is tailored to your specific individual needs & circumstances.
Getting a mortgage can be a challenging and complicated process. That’s why you need regular access to expert guidance, support and financial advice from people you know you can trust. Our aim is to provide you with professional knowledge of the market and excellence in customer service whilst being on hand to help every step of the way.
We're committed to helping you fully understand the broad range of options available to you so that you can work with us to make an informed decision about the product that is most suited and tailored to your individual circumstances and requirements.
As a valued client of ours you can receive vouchers of your choice when you refer a friend, family member or colleague to us (subject to our T&C's). Please call or email us for details.
When we review where our NEW business comes from, it is often from personal recommendations and referrals from our existing or previous clients.
Your experience working with Sussex Mortgage Services means so much and is very important to us.
Therefore, we decided to say thank you to all of our clients and reward them by means of our ‘Refer-a-Friend or Family’ scheme.
So, if you were happy with the way in which we have managed your expectations and your experience using our services, then PLEASE TELL YOUR FAMILY, FRIENDS and COLLEAGUES about Sussex Mortgage Services so that we can also help them!
Simply call us and give us your friends/family/colleagues details or contact us here with their details (quote; Refer a Friend).
Then, (upon completion of your friends/family/colleagues mortgage transaction), we will send you your chosen vouchers..........It's as simple as that!
Thank you from us all at SMS for recommending us, spreading the word and helping our business to grow. We really appreciate it.
We are very proud to be able to offer discounts to NHS Employees via the 'Staff Benefits' scheme.
If you are already a member of 'Staff Benefits', please call us or contact us here to claim your discount. (quote; Staff Benefits/SMS/Discounts)
If you are an NHS employee and not already a member of the 'Staff Benefits' scheme, you can sign up for FREE!. Please call us for further information on how to register to receive your SMS discount and also access to many more exclusive discounts from high street outlets and national brands!
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