East Dulwich

165 Lordship Lane, East Dulwich, London, SE22 8HX

Forest Hill

5 London Road, Forest Hill, London, SE23 3TW

Maidstone

Flaxfield House, 91 The Street, Maidstone, Kent,
ME18 5LU

Request a free valuation (Sales)

Once you've requested a valuation we will visit your property and offering a free, no obligation valuation and advice, based on our extensive experience of selling homes in your local area.

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Request a free valuation (Lettings)

Once you've requested a valuation we will visit your property and offering a free, no obligation valuation and advice, based on our extensive experience of selling homes in your local area.

your personal details

your property requirements

Register with Daisy Lets & Sales

Please enter your details and parameters of the type of property you are looking for below and one of our dedicated team will be in touch to discuss how we can help you find your dream home.

your personal details

your criteria

Register with Daisy Lets & Sales

Please enter your details and parameters of the type of property you are looking for below and one of our dedicated team will be in touch to discuss how we can help you find your dream home.

your personal details

your criteria

November 2, 2017 Kent Blog

Recent Interest Rate Rises – Stay Calm – it’s still only 0.5%

For the first time in more than ten years, the Bank of England have raised interest rates.

But, there is no need to panic, the new rate of 0.5% still remains the second lowest rate on record.

While a number of banks and building societies have already announced that they will pass on the rate increase to borrowers, the impact of a rise will be minimal. UK Finance report that over the last two years, over 90% of new mortgage and remortgage loans have been on fixed rate deals.

Over half of all outstanding mortgage loans are now on fixed rate deals.

For the 5 million borrowers on variable rate mortgages, some increase in their monthly mortgage is to be expected. The Nationwide estimate that the 0.25% rise will increase the monthly mortgage bill for homeowners with a £175,000 mortgage on their base mortgage rate deal by £22.

However, the introduction of the Mortgage Market Review in 2014 means that borrowers are more prepared for a rise than they might have been in the past. UK Finance estimate that, of mortgages lent since 2015, 92% were stress tested for an interest rate of at least 3% above their current rate.

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