As the Bank of England has increased interest rates to 0.5%, second increase in the space of three months, we can no doubt expect mortgage lenders to review their lending rates for new mortgage applications.
It will be interesting to see what fixed-rate deals are available in a few weeks’ time and what effect this has on the housing market. It will also no doubt have an impact on current home owners particularly those that are due to remortgage soon.
If you are in the process of buying a residential or commercial property or acquiring a charge against an existing property and require legal advice or assistance, contact our friendly Commercial and Residential property teams on 01904 624903 and they will be happy to assist.
Solicitor (Associate) at Guest Walker
Sean is a member of the commercial property department and specialises in infrastructure and housing development.
He works with a range of large and small businesses in York, Yorkshire and throughout the country to provide them with holistic and personal commercial property advice.
In his spare time, Sean can often be found at his allotment and regularly brings his produce into the office for the team to enjoy!
View Sean's Profile
He works with a range of large and small businesses in York, Yorkshire and throughout the country to provide them with holistic and personal commercial property advice.
In his spare time, Sean can often be found at his allotment and regularly brings his produce into the office for the team to enjoy!
View Sean's Profile
Latest posts by Sean Gallagher (see all)
- Bank of England increases interest rates - February 3, 2022
- The decline of allotment gardens – is there anything we can do? - February 28, 2019
