{"id":134372,"date":"2023-02-03T01:23:57","date_gmt":"2023-02-02T18:23:57","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-the-interest-rate-rise-trigger-a-stampede-for-tracker-mortgages\/"},"modified":"2023-02-03T01:47:05","modified_gmt":"2023-02-02T18:47:05","slug":"will-the-interest-rate-rise-trigger-a-stampede-for-tracker-mortgages","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-the-interest-rate-rise-trigger-a-stampede-for-tracker-mortgages\/","title":{"rendered":"Will the interest rate rise trigger a stampede for tracker mortgages?"},"content":{"rendered":"


\nHints by Bank of England that rates may have peaked leaves those remortgaging in a quandaryWhat does the Bank of England interest rate rise mean for you?The rush towards tracker mortgages that began even before Thursday\u2019s interest rate rise could well become a stampede after the Bank of England signalled that rates may be reaching their peak after 10 consecutive increases. It leaves those remortgaging right now in a big quandary.While UK mortgage buyers have traditionally favoured fixed-rate deals with their set monthly repayments, about 1.7 million owner-occupiers holding mortgages are still on tracker deals, with monthly payments rising and falling according to the level of the Bank base rate. Continue reading…
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\nSource : theguardian.com
\nRead more…Will the interest rate rise trigger a stampede for tracker mortgages?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hints by Bank of England that rates may have peaked leaves those remortgaging in a...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-134372","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-yXi","jetpack-related-posts":[{"id":137485,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-is-ruining-peoples-lives-homeowners-hit-by-uk-mortgage-crisis-speak-out\/","url_meta":{"origin":134372,"position":0},"title":"\u2018This is ruining people\u2019s lives\u2019: homeowners hit by UK mortgage crisis speak out","date":"June 22, 2023","format":false,"excerpt":"\r Borrowers with expiring fixed-rate or tracker mortgages face difficulties, with some saying they will be forced to sell their homesFor Steven, a media consultant from Guildford, and his wife, the remortgaging nightmare is only beginning. \u201cPeople like me can\u2019t sleep at night \u2013 it\u2019s horrendous,\u201d he says. \u201cThe mortgage\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124478,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgages-switching-could-save-200-a-month-as-interest-rates-rise\/","url_meta":{"origin":134372,"position":1},"title":"Mortgages: switching could save \u00a3200 a month as interest rates rise","date":"February 5, 2022","format":false,"excerpt":"\r The cost of living is soaring, but you may still be able to cut the cost of your repaymentsUnless your mortgage is already fixed for the long term, this week\u2019s interest rate rise, following hot on the heels of December\u2019s, is likely to have given you cause for concern.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171844,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tracker-mortgages-are-back-but-is-one-the-right-choice-for-you\/","url_meta":{"origin":134372,"position":2},"title":"\u2018Tracker mortgages are back\u2019 \u2013 but is one the right choice for you?","date":"May 23, 2026","format":false,"excerpt":"\r The uncertain interest rate outlook is making tracker deals popular again. We look at the pros and cons of both types of loanWith some experts warning that we may have to brace ourselves for interest rate rises later this year, it might seem odd to suggest considering a tracker\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114850,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-does-interest-rate-cut-mean-for-mortgages-and-savers\/","url_meta":{"origin":134372,"position":3},"title":"What does interest rate cut mean for mortgages and savers?","date":"March 11, 2020","format":false,"excerpt":"\r There will be gain for some consumers but pain for others after the Bank of England\u2019s decisionThe emergency 0.5% rate cut by the Bank of England in the midst of the coronavirus outbreak will mean monthly savings for householders with tracker mortgages but more pain for savers as interest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72791,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/remortgaging-rockets-ahead-of-november-interest-rate-hike-as-new-mortgages-fall-to-fresh-low\/","url_meta":{"origin":134372,"position":4},"title":"Remortgaging rockets ahead of November interest rate hike, as new mortgages fall to fresh low","date":"November 24, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Remortgaging rockets ahead of November interest rate hike, as new mortgages fall to fresh low","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21386,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-rate-cut-good-news-for-mortgages-bad-news-for-savers\/","url_meta":{"origin":134372,"position":5},"title":"Interest rate cut: good news for mortgages, bad news for savers","date":"July 30, 2016","format":false,"excerpt":"\r If the Bank of England cuts rates to 0.25%, it will benefit home-buyers, but once again savings will be hitThose with large tracker mortgages can prepare to break out the prosecco. If you rely on savings income, it\u2019s more brown ale for you \u2013 or even water.Next week the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/134372"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=134372"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/134372\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=134372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=134372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=134372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}