Intercounty blog

You may have seen a number of headlines over the past week around mortgages and interest rates, designed to get a reaction from readers.

At the end of 2021, the Bank of England announced an increase in interest rates. This was the first interest rate rise in more than three years. The change saw interest rates move from 0.1% to 0.25%.

The Bank of England is expected to announce interest rate rises in the coming weeks.  Embrace Financial Services (EFS) is urging existing and potential borrowers to address their current or future mortgage needs to minimise the risk of higher mortgage repayments in the future.

At Intercounty, we are here to help buyers and vendors as best we can. We know saving for a deposit is a struggle for many households, but help is available. The 95% mortgage guarantee scheme is now available, backed by the Government, and it might be of interest to local buyers.