The latest increase in interest rates announced today (August 4) by the Bank of England has added more uncertainty to the economic outlook.
Rate rises are never good news for homeowners and borrowers – but do bring some encouragement to those with savings.
That’s why today’s announcement – which sees interest rates rise from 1.25 per cent to 1.75 per cent and reach their highest level since December 2008 – underlines the importance of using a broker to make sure you are getting the best value for every penny you borrow or save.
Just in the last couple of weeks, we’ve been able to help a number of families move to new mortgage deals which allow them plan more securely for the future.
There’s no one-size-fits-all solution to rising rates – we sit down with every single client and work out exactly what suits them best, whether that be a tracker or fixed rate deal.
Our unrivalled network of contacts and years of expertise mean we know just where to find you the most suitable deals – which means our clients are never fobbed off with an off-the-peg deal designed purely for the lender.
The same applies to refinancing commercial loans and advising on ways to save to make sure your money is working as hard as possible in these uncertain times. You might not believe it from what you see on the news, but there are still attractive options available despite the unsettled times.
And, of course, we are here on your doorstep, with offices in Wellington and Shrewsbury.
Bank branches might be closing by the score – forcing you to deal with a faceless person on the other end of the phone or an internet chat service – but we will remain right here in the heart of the community to look after all your financial interests.
In uncertain times, you can bank on Q.
