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Interest Rates Held At 0.25%

Interest rates have been held at their historic low of 0.25%, but the Bank of England said it expects inflation to reach its 2% target within six months. The Monetary Policy Committee (MPC) voted unanimously to maintain the Bank of

IMDNE Sponsor Oaksway Netball U11’s

Independent Mortgages Direct NE are proud sponsors of Oaksway Netball Club U11’s.

Christmas Celebration Offer

Get a free bottle of Prosecco for all successful mortgage applications submitted in December. Click on the picture to find out more.  

Number Of Fee-Free Mortgage Deals Double

The number of fee-free deals available to those seeking a fixed rate mortgage has more than doubled over the past year, rising from 556 in November 2015 to 1,162 today. This means that 40.7% of the 2,854 fixed rate mortgages

Average Five-Year Mortgage Falls Below 3.00%

The cost of the average five-year fixed rate mortgage has fallen significantly over the past year, with many providers launching their lowest ever rates. As a result, this competition has seen the average five-year fixed mortgage rate fall below 3.00%

85% LTV Buy To Let Purchase Product Launched

Independent Mortgages Direct NE has been selected to pilot the new Mortgage Trust/Castle Trust 85% Buy To Let purchase product as follows:- The product is a combination of a standard buy to let mortgage via Mortgage Trust up to 70% LTV and a

House Price Growth Continuing To Accelerate

February’s Halifax House Price Index, released yesterday, confirmed that house prices are continuing to accelerate at a rapid pace, increasing by 2.4% over the month. This puts the average UK property at £179,872 with prices having now risen for 11

MPC Member Says Interest Rates Likely To Rise Next Spring

A leading Bank of England policymaker has said the base rate is likely to rise in “spring 2015” in unusually revealing comments made this afternoon. Martin Weale, one of the Bank’s nine Monetary Policy Committee (MPC) members, said to Sky

House Prices Rise 8.8% Year-On-Year

The latest Monthly House Price Index from Nationwide has revealed that house prices rose by 0.7% in January to reach £176,491, a year-on-year rise of 8.8% (up from £162,245 in January 2013) and posting the 13th successive monthly increase. Despite

No Change To Base Rate & QE

The Bank of England’s Monetary Policy Committee has maintained base rate at 0.5 per cent and the size of its programme of quanitative easing at £375bn. The MPC has held base rate at a record low level of 0.5 per

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