Inflation has finally fallen to 4.6 per cent which is better than expected according to the Office for National Statistics (ONS). This is the lowest rate of inflation we have seen for two years. Inflation has Finally Fallen This means that the Prime Minister has hit his target of halving inflation, which he pledged in January. Mr Sunak said: “While it is welcome news that...
A fixed rate mortgage is a loan that you use to pay off the capital borrowed to pay for your home, on which you pay a fixed rate of interest to the lender, over a set amount of time. The benefit of this type of mortgage is the predictability and ease of cash flow planning. The disadvantage is you are locked into your interest rate,...
A gifted deposit is when someone, usually a family member, gives some or all of the money necessary for a home buyer to pay for their deposit. In order to do this, the person giving the gift must provide a gifted deposit letter for the mortgage lender. Here we examine how to write a gifted deposit letter. What is a gifted deposit letter? The cost...
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