News
UK sees lowest ever interest rates
19 March, 2020
Interest rates have been slashed to just 0.1% from 0.25% in order to counter the effects of the Coronavirus. This means that rates are now the lowest in the 325 year history of the Bank of England. It is one of the first moves by new BoE Governor Andrew Bailey and was the second rate… Read more »
Business continuity during Covid-19
16 March, 2020
We would like to reassure you that Censeo Financial are closely following Public Health England’s guidance for employers and businesses on the issue of COVID-19. As part of recent Government updates and guidelines, we have put together strong contingency plans for our clients, to make sure that we can continue to provide the best service possible, in any eventuality. In the event that may… Read more »
Interest rates held at 0.75%
7 November, 2019
With just 35 days to go until the General Election, the Bank of England’s Monetary Policy Committee has voted to keep interest rates at 0.75%. In their latest report, the Committee said that with the likelihood of a No Deal Brexit diminishing, there was now much more certainty in the UK, as well as the… Read more »
Censeo Financial announces exclusive tie-up with HSBC
16 October, 2019
We are delighted that HSBC have agreed to partner with Censeo Financial to offer shared ownership mortgages. After a considerable amount of due diligence, HSBC have chosen Censeo to be the only specialist shared ownership intermediary in the UK that they will be working with. Up until now, any purchaser wanting to obtain a shared… Read more »
Interest rates kept on hold again
20 June, 2019
Today it was announced that the Bank of England Monetary Policy Committee would be keeping interest rates at 0.75% – the 10 month in a row that they’ve stayed at this level. The underlying message by the Bank was that there were still a lot of uncertainty around Brexit – particularly if the UK leaves… Read more »
Rise in mortgage approvals in April
17 May, 2019
According to e.surv’s Mortgage Monitor, mortgage approvals rose sharply in April with a large majority of loans going to first time buyers. Interestingly, over a quarter of these mortgages went to customers with small deposits, reflecting the fact that lenders are increasingly reaching out to homebuyers. Overall, the number of approvals was 2.7% higher than… Read more »
Bank warning around interest rates
3 May, 2019
The Bank of England has warned that that there may need to be rises in interest rates over the next three years as the result of a modest amount of growth in the UK economy, leading to inflationary pressures. Governor Mark Carney said that growth of above 1.5% in 2020 and 2021 would cause the… Read more »
Censeo wins another prestigious award
26 April, 2019
Censeo Financial has won another prestigious award. Today (Friday) the company picked up the Best Supplier to the Sector at the First Time Buyer Readers’ Awards ceremony in London. Not only that but we are really proud that our Founder and CEO Rupi Hunjan was Highly Commended in the Judges Special Award for Outstanding Contribution… Read more »
Censeo Financial unveil exclusive tie-in with West Brom
12 April, 2019
Censeo Financial is delighted to announce that it has added the West Brom Building Society to the range of lenders it works with. Not only that, but West Brom will be offering an exclusive deal for Censeo customers. Features include: 95% LTV mortgages. Competitive interest rates. Direct access to an underwriter after Full Mortgage Application… Read more »
Past five years have seen growth in longer mortgage terms – Moneyfacts
20 March, 2019
There has been a large increase in people taking out longer mortgage terms, according to new figures from Moneyfacts. This has been attributed to the needs of today’s first-time buyers, Help to Buy borrowing as well as changing income structures in the UK. The figures show that people are increasingly taking out 40-year mortgages rather… Read more »