MAY 2025 | MONTHLY PRESS COVERAGE ROUND-UP
Take a look at our recent press buzz and see how we’ve been making headlines this month.
ADRIAN ANDERSON 31.05.2025
THE TIMES | SHOULD I DITCH MY TRACKER MORTGAGE AND LOCK IN?
“This month the Bank of England reduced the base rate from 4.5 per cent to 4.25 per cent, which was good news for mortgage borrowers. The markets are predicting more interest rate cuts this year and next. In a fight for more customers, banks and building societies are competitively pricing their fixed-rate mortgages at the moment. It’s not surprising, then, that many borrowers with variable tracker mortgages are questioning their position. It’s essential to consider any exit fees on your tracker deal (as not all are penalty-free), and the arrangement fees and any other costs, for the new mortgage. Most lenders are trying to keep customers, so be sure to compare the deals from your current lender and those of other firms. Ultimately the decision to switch from a tracker to a fixed-rate mortgage hinges on your personal circumstances around financial stability, risk appetite. Staying on a tracker could yield savings in the long term if rates fall as predicted, but fixing now will probably get you a cheaper rate in today’s market - and peace of mind.” - Adrian Anderson, Managing Director
Read the full article here: https://www.thetimes.com/business-money/money/article/should-i-ditch-my-tracker-mortgage-and-lock-in-3w9pw85rx
THE TIMES | HOW TO MAKE YOUR RETIREMENT DREAM A REALITY?
“Increasing your monthly repayments when you get a salary increase, instead of spending it on your lifestyle or holidays, will pay down the dept much quicker. Choosing a capital repayment mortgage, rather than one that just repays the interest, and opting for a shorter term can make a big difference in being able to retire free of dept. We advise clients to make lump sum payments off the mortgage when they have cash available because even small extra one-off payments can reduce interest over the term. It is also important to shop around for the best mortgage rate because a lower intrest rate can save you thousands over the lifetime of a deal. It is usually possible to overpay up to 10 per cent of the mortgage balance each year without the lender charging a penalty, and this could be the best use of any spare cash if savings rates are much lower than mortgage rates.” - Adrian Anderson, Managing Director
Read the full article here: https://www.thetimes.com/business-money/money/article/how-to-make-your-retirement-dream-a-reality-h9r3vb7lk#:~:text=Stopping%20work%20early%2C%20living%20debt,to%20manifesting%20your%20perfect%20retirement
THE TIMES | THE RISE OF THE JUMBO HOUSE DEPOSIT
“I’ve seen clients in the last six months who have had £800,000 or even £1 million deposits. Many parents of borrowers are telling us that one of the main reasons they are gifting money is due to worries about inheritance tax (IHT). Families are genuinely concerned about this. 40-50% of first-time buyers we deal with now have jumbo deposits and this has increased significantly over the past years.” - Harry Arnold, Director
Read the full article here: https://www.thetimes.com/business-money/money/article/the-rise-of-the-jumbo-house-deposit-mrxvkdtb7
THE TIMES | WE’RE SIBLINGS AND BOUGHT A HOUSE TOGETHER - HERE’S HOW WE DID IT
“It’s really difficult to buy on your own because of rising house prices - you usually need two incomes to afford it, which is why we see a lot of people who aren’t buying with a partner buying with a sibling. One of the most important factors to consider is deciding what type of mortgage to take out. Fixed-term mortgages are popular among first-time buyers because they give you peace of mind knowing what your monthly repayments will be over a longer period of time. While most people like the security of a five-year fix, if you want to leave early you might be stung with early exit penalties that can be between 1 and 5 per cent of the outstanding loan.” - Adrian Anderson, Managing Director
Read the full article here: https://www.thetimes.com/business-money/money/article/were-siblings-and-bought-a-house-together-heres-how-we-did-it-5089lj55v