Grace Gausden

London

Money and Business Editor at The i Paper

Money and Business Editor at @theipaper @ipapermoney. Contact [email protected]

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Articles

What will happen to mortgages in the next month, according to experts

1 day ago | msn.com | Grace Gausden

Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
What will happen to mortgages in the next month, according to experts

1 day ago | inews.co.uk | Grace Gausden

Nationwide has lowered its fixed mortgage rates, just weeks after putting them up, at the same time most lenders have been pushing up the cost of their deals. The building society has cut its two-year fixed rate for new and existing customers moving home from 3.99 per cent to 3.9 per cent for those with a £1,499 fee and 40 per cent deposit. Its five-year fix for people with a 15 per cent deposit and a £999 fee has been reduced to 4.29 per cent from 4.24 per cent.
New mortgage misery as only one more interest rate cut predicted this year

1 week ago | inews.co.uk | Grace Gausden

Interest rates are expected to be cut just once more this year, economists predict, in a fresh blow to Britain’s mortgage holders. High inflation and increased growth have led experts to change their predictions from several base rate cuts later this year to just one. It spells misery for homeowners on tracker mortgages directly tied to the Bank of England’s base rate, who will have been hoping for several cuts in order to see their payments fall significantly.
Pensions megafunds to boost average savers pot by £6,000, Reeves claims

1 week ago | msn.com | Will Hazell |Grace Gausden

Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
Pensions megafunds to boost average savers pot by £6,000, Reeves claims

1 week ago | msn.com | Will Hazell |Grace Gausden

Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
Half a million households to see mortgage payments rise as cheap rates end

1 week ago | inews.co.uk | Grace Gausden

Nearly half a million homeowners who took out mortgages in 2020 are facing a surge to their monthly payments as they come off cheap long-term fixed rates, new data shows. This year 469,192 homeowners coming off five-year fixed deals had an average interest rate of 2.11 per cent, figures from Compare the Market show, whilst mortgage rates are now much higher. Some will have been on even cheaper rates of as little as 1 per cent.
The four things Rachel Reeves can do to cut inflation

2 weeks ago | msn.com | Grace Gausden

Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
The four things Rachel Reeves can do to cut inflation

2 weeks ago | inews.co.uk | Grace Gausden

Inflation figures released today show it has risen to its highest level in a year, with experts suggesting the Chancellor may need to take action to bring the number down. The Consumer Prices Index (CPI) measure of inflation rose to 3.5 per cent in the year to April, according to the Office for National Statistics (ONS) – well above the Bank of England’s two per cent target.
The new loophole that could save expats huge sums on inheritance tax

2 weeks ago | inews.co.uk | Grace Gausden

Changes made to inheritance tax (IHT) rules in the Budget could mean a number of wealthy expats opt to move back to Britain as a result of a new loophole that has emerged. As part of changes made to non-dom rules in Rachel Reeves’ Budget, Britons who spend a decade abroad are no longer considered residents and are not liable to pay IHT on their global assets as of April 6. They are then able to live in the UK for the following nine years before the tax is applicable again.
TSB ups mortgage rates, and experts warn more lenders could follow suit

3 weeks ago | inews.co.uk | Grace Gausden

A major lender has increased its mortgage rates as experts say there is likely to be more rises to deals in the coming weeks. TSB has increased some of its mortgage rates by up to 0.2 percentage points with other providers expected to follow suit. It comes as swap rates have risen in the past week, although they dipped slightly this morning. Fixed mortgage prices are heavily based on these rates, which follow long-term predictions for where the Bank of England base rate will go in the future.