MortgageBlog.scot

Inflation up, mortgage rates down!

It's been a mixed kind of day, inflation has reached its highest level in 40 years but mortgage rates are coming down.

Consumer Duty

The Financial Conduct Authority is introducing new regulations in July 2023 called Consumer Duty. It is said to be one of the biggest shake-ups in regulation for over a decade.

Find me on Mastodon

Following the Twitter changes resulting from Elon Musk buying the company, many are trying out Mastodon, including me. You can find me over there. Find out a bit more about it in this article.

Repossessions for Q3 2022 on the rise

UK finance has published new data for Q3 showing significant rises in repossession across the country.

Interest rates rise to 3%

Unsurprisingly the Bank of England voted in favour of increasing the base rate again this month. That takes it to 3% with one more increase anticipated before 2022 draws to a close.

Rent freeze and eviction ban now law in Scotland

New legislation has been given royal assent by the King. A ban on rent increases and evictions is now in place for the next 6 months.