The MFS Financial Blog

What is Credit Scoring?

Many of you will have come across this term when applying for things such as a mortgage, loan credit score or maybe a new mobile phone contract - But what does it mean?. It is a method used by many, but not all, credit providers, such as mortgage len...

Fixed Rates Continue to Fall

The reduction in fixed rates contnues as Santander and Hinckley & Rugby BS both announce large reductions on their fixed rate products. Even better is that the reductions are not only being applied to deals requiring hefty amounts of equity, with...

Bank of England Base Rate Held for a record 30th month

The Monetary Policy Committee (MPC) has announced the base rate is to remain on hold at 0.5%. The August MPC meeting minutes show that all members were in favour of a hold and given the tone of the minutes it would be no great surprise if any possibi...

To Fix or Not to Fix

With the Bank of England base rate now being at 0.5% for some time and many experts feeling that it will not rise in the near future, should fixing your mortgage be a consideration? Although there may seem little need to consider fixing your mortgage...

Are Comparison Sites Impacting on Your Credit Rating?

Are you impacting your credit rating by using comparison sites? Not many people are aware that when you are carrying out your research on the internet to save a few pounds on your car insurance, for example, you could be adversely affecting your cred...
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