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Mortgage interest rates were increasing even before the latest rise in the Bank of England Base Rate to 0.75%.  However, they’re coming from a record low base, meaning that there are still decent mortgage deals on offer.*  So, perhaps now’s the time to undertake that Financial Spring Clean.


Maybe you’re looking to remortgage, as will be the case with many residential and landlord borrowers this year who are coming to the end of the deal period.  Interestingly though, one in three homeowners know remortgaging could save them money, yet 49% of homeowners have never switched their deal.**


Elsewhere, in this issue, we look at the issues facing First-Time buyers, where the average deposit is around 20%, but deals are on offer where a 5% deposit will suffice, assuming other criteria is met.***


And, in amongst all this, we signal the importance of ensuring that you have a suitable level of Protection Insurance in place should either the worst happen, or if you find yourself unable to earn an income due to illness or injury.  And with death, it’s not just an issue for those in their retirement years, as more 15-64 year-olds died across 2020 and 2021, than the total number of Covid deaths.****


Finally, we look at the resilience and adaptability of Landlords to respond to market and regulatory conditions, with the growth of Limited Company status being an example of this.


I hope you find this issue of interest, and do get in touch if you have any questions.


* Bank of England, March 2022; Moneyfacts, March 2022 data

** Barclays, October 2021

*** Halifax, January 2022

**** Office for National Statistics, Death data 2020 and 2021


You may have to pay an early repayment charge to your existing lender if you remortgage.

As with all insurance policies, terms, conditions and exclusions will apply.

Your (home / property) may be repossessed if you do not keep up repayments on your mortgage.

Think carefully before securing other debts against your home.  Your home may be repossessed if you do not keep up repayments on your mortgage.

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The Mortgage Zone

is a private limited company incorporated since 31/01/2005 and we are directly authorised by The Financial Conduct Authority

We provide independent & impartial mortgage advice offering a whole of the market proposition. Our distribution network includes exclusive products via network partners including Paradigm Mortgage Services, Premier Mortgage Services and Legal & General Mortgage Club.