Here's the latest from Lyndhurst Financial Management's director Geoff Newman, after chancellor Rishi Sunak's Spring Statement.

As arguably the greatest philosopher of the 20th century, Ludwig Wittgenstein, said "I won't say 'see you tomorrow' because that would be predicting the future, and I'm pretty sure I can't do that."

And indeed, if you have read my articles before you will know that I too cannot predict the future.

However, in his Spring Statement, chancellor Rishi Sunak surprised many who had predicted its content, by raising the National Insurance threshold to the same level as the income tax threshold, £12,570.

With so much press coverage already available regarding his statement, and the dreadful conflict in Ukraine seeming to get worse by the day, I won't spend time analysing the impact of the tax cuts, rather pose the question - with government interest payments at a record £81bn - where next for interest rates and more importantly for many, mortgage rates.

I chatted to one of our experienced mortgage advisers, Ken, regarding the current deals that were available, and his response was that 'in January you could get a 5 year fixed deal for as little as 1% by the end of February this had risen to 2%'. Clearly rates are going in one direction, up.

While re-mortgaging isn't going to solve the cost of living crisis for everyone it is certainly something that should be considered.

Getting expert independent mortgage advice that covers the whole of the market could help you find a new deal that will save you money.

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Call our office and ask for Ken Simmons who will be happy to discuss how we might be able to help.

Geoff Newman