Current interest rates – and the impact of them dropping Current Interest Rates The Bank of England (BoE) announced on the 21st March 2024 that interest rates will remain the same at 5.25% for the fifth consecutive time. However, the BoE did hint at interest rate cuts soon.   At its latest meeting, the Bank said it had discussed cutting rates, with inflation – the […]
Guide to Second Home Mortgages Buying a second property in the UK can be a complicated process as the government seeks to cut down on second property ownership due to the housing shortage. This guide will discover the ins and outs of buying a second property.   What Makes a Second Property Different from the First? Buying a second property […]
Principle Finance secures funding boost for leading Handheld Metrology specialist’s expansion   Digital Micrometers, a prominent player in the field of handheld metrology in the UK, is set to embark on a significant expansion thanks to a strategic funding initiative facilitated by Principle Finance, part of the SMH group. The funding has been secured through Mercia Asset Management, a leading provider of growth investment support for […]
Mortgage Types Explained: Which one is best for you? There are many types of mortgage available in today’s market and knowing which one suits your needs best is essential before you start looking for a mortgage deal. Mortgages generally fall into two categories: fixed-rate deals (which guarantee your rate for a set number of years), and variable-rate deals (where your rate can go up […]
What impact will the interest rate being held again have on borrowing and savings? The Bank of England recently announced that interest rates are being held again at 5.25% for the 2nd month in a row after a previous period of 14 consecutive increases between December 2021 and August 2023. The Bank of England said there were “increasing signs” that higher rates were starting to hurt the UK economy.
What is a mortgage broker? Are you in the process of buying a new home or looking to remortgage? If so, you may be considering the services of a mortgage broker to try and secure the best deal for you and help with the complex mortgage process. A mortgage broker is a person or company that can arrange a mortgage between you and a mortgage lender. In the UK, we rely heavily on brokers, with around 80% of mortgages secured after taking some form of advice.
Free property alerts for landlords Landlords in England and Wales might not be aware, but there is a free property alert service that monitors any significant activity on let property
Navigating the shifting tides of mortgage rates When it comes to securing a mortgage, there's a constant ebb and flow in interest rates that can make your head spin. Mortgage rates are like the tide – they rise and fall (although it has been more rise than fall of late), influenced by various economic factors. If you're in the market for a residential mortgage, you'll want to stay ahead of these fluctuations.
Principle Finance expands into new Sheffield based office Principle Finance, a leading commercial finance and residential mortgage brokerage who are part of the SMH Group, have announced the opening of a new office in Sheffield as a result of their continued business growth.  The new office, located at Stalker Walk, off Ecclesall Road in Sheffield, has been refurbished to meet the company’s requirements and […]