Base Rate Changes: What Does It Mean For Your Mortgage? | Mulgrave Properties
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Base Rate Changes: What Does It Mean For Your Mortgage?


In an attempt to tackle rising inflation, the Bank of England has increased interest base rates to 0.25% from the historical low of 0.1%. But what does that mean for your mortgage?

Well, today's market actually presents a whole host of opportunities, giving those who purchase with Mulgrave a chance to secure low interest base rate for finanicing your property, with the peace of mind that this will not change for 2 to 5 years.

With New Home Mortgages, whether agreeing for a first time buyer, large income multipliers (including 5.5x salary) or the Government-backed Help to Buy scheme, you'll have access to major lenders and products not available on the High Street.

If you're already a homeowner or are looking to invest in a property with a Buy to Let mortgage, you'll also have access to additional benefits that we could offer as part of the Mulgrave purchasing package* and unlike other independent financial advisors, we don’t charge a fee for administration - it’s completely free of charge! 

We could also offer assistance with legal fees, stamp duty and incentives for certain plots. Contact us for full details. 

*Terms and Conditions apply. The following loan to value ratio rates are updated weekly and subject to change.