How Trump’s tariff turmoil could shake up different mortgage types

Interest-Rates.Info - UK Mortgage & Property News - Birmingham Money - West Bromwich Money - Mortgage Brokers

Interest rates are an indicator of how much you’ll repay on a borrowed financial product, such as a mortgage. While the UK has one of the world’s largest mortgage markets, how do interest rates affect the 25% of UK residents that own one?

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Mortgage borrowing at near two-year high as interest rate falls boost confidence

Interest-Rates.Info - UK Mortgage & Property News - Birmingham Money - West Bromwich Money - Mortgage Brokers

The number of mortgages approved reached a near two-year high, according to Bank of England figures, as hopes of cheaper borrowing encouraged would-be buyers.

Mortgage approvals increased to 62,000 in July, a level not seen since September 2022, a sign that buyers were waiting for hopes of reduced interest rates and the associated lower mortgage bills.

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