Brett’s Weekly Property News: SVR reversal causes outcry for Skipton Building Society customers
Hey guys
The question on everyone’s lips is: Should small prints be made bigger? Customers from Skipton Building Society are fuming after news broke that their SVR ceiling will be scrapped. The building society previously promised its borrowers that the SVR would never be more than 3% above the BoE base rate. But on this occasion, due to “exceptional circumstances”, they break their promise and refer their customers to the small prints.
More house price predictions – this time Rightmove talks about your thoughts. Find out how your feedback compares to expert’s? We’ll take a look at whether it’s time to fix your mortgage as we’re warned of the effect of rising inflation on mortgage.
There’s great news for landlord – find out how supply and demand will affect your rental income. And more good news as LTV increase to an average 70%, so what’s predicted for the coming months.
Lastly, Happy Australia Day! And as always if you have any questions or want to have a chat about current opportunities call the team on 0207 812 1255.
Live with Passion
Brett Alegre-Wood
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