What does an interest rate cut mean for mortgages?

Posted by Rebecca Harbrow on Thursday 20th February 2025

 

Every six weeks or so, all eyes are on the Bank of England and its Monetary Policy Committee (MPC) – the group that decides whether interest rates will be increased, held or cut. How they choose to act has an impact on how much it costs banks to borrow money and what rates they can offer to savers and borrowers.

With all this in mind, what does an interest rate cut actually mean for mortgage holders and for those weighing up their options as they come to buy or move?

Will my mortgage now be cheaper?

For those borrowers that currently...


VouchedFor Reviews - 2025

Posted by Rebecca Harbrow on Thursday 30th January 2025

 

At Blue Heron Financial Services, building trust and delivering results for clients is at the heart of what we do.  Please click on the link below to see all the reviews Rebecca has received.

 


Time to look at your finances

Posted by Rebecca Harbrow on Friday 24th January 2025

It’s time for a fresh look at your finances – where should you start in 2025?

The start of a new year presents a great opportunity to set out your goals and aspirations for the coming 12 months. For others, it can also mean new beginnings, new challenges or simply a fresh start. 

No matter your mindset for 2025, now is a great time to review your financial goals and plans for the year ahead. Whether it’s finally getting onto the property ladder, safeguarding your family’s health and financial wellbeing, or thinking about plans for retireme...


Considerations for First Time Buyers

Posted by Rebecca Harbrow on Wednesday 22nd January 2025

Being a first-time buyer can be daunting. Not only are you about to make one of the biggest financial decisions in your life, but you’ll probably also have family members and friends offering their ideas on the right house, mortgage, lender conveyancer and even removal company for you.

We’ve put together some ideas to try and take away some of the stress and confusion and give you confidence to move through the home buying process as smoothly as possible.

Get the right advice

Of course, we’re going to say that - it’s what we do! We’ll rev...


Are you protecting your investment contributions?

Posted by Rebecca Harbrow on Wednesday 8th January 2025

Planning for the future involves more than setting money aside with financial investments and savings; it requires consistency and commitment. Yet, life's unexpected events, like illness or injury, can disrupt your investment journey. These curveballs might make it challenging to maintain your planned investment contributions.

That's why it's essential to consider how you can protect your investment contributions, ensuring they remain steady and uninterrupted if the unexpected were to happen.

Income protection is essential for your inves...


Protecting your wealth for your lifestyle and your family

Posted by Rebecca Harbrow on Thursday 19th December 2024

In the hustle and bustle of daily life, it's easy to overlook the importance of protecting our financial security both for now and in the future.

We work hard to build a comfortable life for ourselves and our loved ones, but what happens if the unexpected happens and we become too ill to work. How can we ensure that our security today and our financial legacy remains intact for the next generation?

One of the most effective ways to protect our wealth is by incorporating income protection and critical illness cover into our financial plan...


Are you protecting your pension contributions?

Posted by Rebecca Harbrow on Friday 6th December 2024

When it comes to planning for retirement, making sure your pension contributions are on-track is important. But life can throw curveballs like illness or injury which could make it tough to keep up with contributions.

Why Income Protection matters

Income protection insurance is designed to pay a proportion of your income, approximately 60-70%, if you are unable to work due to illness or injury. This financial safety net ensures that you can continue to meet your financial obligations, including pension contributions, even if you're unabl...


Worried a "credit blip" will stop you getting a mortgage?

Posted by Rebecca Harbrow on Thursday 28th November 2024

How important is your credit history for mortgage lenders?

The cost-of-living crisis and inflationary pressures has put pressure on people’s finances and made it harder for people to get on the housing ladder due to affordability constraints and more people having a less than perfect credit history.

How important is your credit history for mortgage lenders?

Looking into your credit history is one of the ways in which a mortgage lender will gain information on how reliable you have been at paying back debts and loans in the past. A mor...


Stamp Duty relief not extended for buyers

Posted by Rebecca Harbrow on Wednesday 6th November 2024

What you need to know before rules change

In Labour’s first Budget since taking office, the Chancellor announced her plans to fix the so-called ‘black hole’ in the UK’s public finances and increase investment in public services, setting out £40 billion worth of tax rises.

While changes to stamp duty did form part of her plans, an extension or permanent change to stamp duty relief for movers and first-time buyers was sadly not included. So, what does this mean for those looking to move or buy?

What is stamp duty?

Stamp Duty Land Tax (SD...


Autumn Statement Report 2024

Posted by Rebecca Harbrow on Friday 1st November 2024

 

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