{"id":2351,"date":"2019-05-16T12:57:31","date_gmt":"2019-05-16T12:57:31","guid":{"rendered":"http:\/\/www.fpgonline.co.uk\/?p=2351"},"modified":"2023-09-19T10:36:20","modified_gmt":"2023-09-19T10:36:20","slug":"how-would-this-affect-your-family","status":"publish","type":"post","link":"https:\/\/www.fpgonline.co.uk\/index.php\/how-would-this-affect-your-family\/","title":{"rendered":"How Would This Affect Your Family?"},"content":{"rendered":"<div class=\"msg-quote\">\n<div class=\"_stretch\">\n<p style=\"margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Helvetica; color: #000000;\">\n<\/div>\n<\/div>\n<div class=\"msg-quote\">\n<div class=\"_stretch\">\n<p style=\"margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Helvetica; color: #000000;\"><span style=\"font-kerning: none;\">The Bank of England has indicated that interest rate rises could become &#8220;more frequent&#8221; than had been previously forecast &#8211; with the Bank\u2019s Governor, Mark Carney, predicting that if the ongoing Brexit stalemate continues, along with an expected pick-up in inflation and growth, then we are more likely to see a hike up from the 0.75% base rate that has been in place since August 2018.<\/span><\/p>\n<p style=\"margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Helvetica; color: #000000;\"><span style=\"font-kerning: none;\">Mr Carney warned, that if something broadly like this forecast comes to pass; &#8220;It will require interest rate increases over that period and it will require more, and more frequent interest rate increases, than the market currently expects.&#8221; Just take a moment to think and ask yourself&#8230; how would that scenario affect you and your family? <\/span><\/p>\n<p style=\"margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Helvetica; color: #000000;\"><span style=\"font-kerning: none;\">The fact is that more than 3.5 million people are signed into variable or tracker mortgages, and even a single quarter-point rise could negatively impact their household expenditures to the tune of several hundred pounds per month. However, a series of rises could lead to more serious implications. You should consider protecting yourself against such a scenario wherever possible.<\/span><\/p>\n<p style=\"margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Helvetica; color: #000000;\"><span style=\"font-kerning: none;\">Steve Padgham, Head of Mortgages at The Financial Planning Group, is currently able to secure his clients 2-year fixed rate mortgage deals at just 1.5%, with the 5-year rate fixed at 1.80%, which should offer real peace of mind during the current volatile and unpredictable economic landscape.<\/span><\/p>\n<p style=\"margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Helvetica; color: #000000;\"><span style=\"font-kerning: none; background-color: #ffffff;\">Remember, The Financia<\/span><span style=\"font-kerning: none;\">l Planning Group <\/span><span style=\"font-kerning: none; background-color: #ffffff;\">can also secure mortgage deals six months ahead of your current deal expiring, as well as remortgaging with your existing lenders WITHOUT the need of detailed re-application or the necessity of updating an individual\u2019s status \u2013 so you really should speak to Steve Padgham today about what options are available to you.<\/span><\/p>\n<p style=\"margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Helvetica; color: #000000;\"><b>If you would like to speak about your mortgage or re-mortgage, please feel call Steve Padgham on 020 8614 4782 or email\u00a0<\/b><a href=\"mailto:Steve.Padgham@fpgonline.co.uk\"><b>Steve.Padgham@fpgonline.co.uk<\/b><\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of England has indicated that interest rate rises could become &#8220;more frequent&#8221; than had been previously forecast &#8211; with the Bank\u2019s Governor, Mark Carney, predicting that if the ongoing Brexit stalemate continues, along with an expected pick-up in inflation and growth, then we are more likely to see a hike up from the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2351","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How Would This Affect Your Family? 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