Archive

There were 29,060 new mortgages taken out by older borrowers over 55 in the last three months of 2023 - down...

The number of mortgages offered to home buyers went up from 49,300 in November to 50,500 in December, against the normal...

Respected estate agency and property consultancy Savills is warning that house prices may dip in 2024. In the run-up to Christmas it...

Lifetime mortgage fund usage continues to show a mixture of aspirational and needs-based borrowing, according to figures from lender Pure Retirement....

Banks are reporting that default rates increased in the final quarter of 2023, albeit more slowly than the quarter before -...

A regular financial resilience barometer from a leading consultancy shows that the debt position of the lowest fifth of earners has...

Metro Bank says it will not, after all, be selling its residential mortgage portfolio despite widespread industry speculation that it was...

Approaching a third of people are struggling to meet loan repayments of all kinds because of the cost of living crisis. That’s...

Karis Capital is launching as what it calls “a premier real estate debt advisory firm with plans to redefine how developers...

A report on Sky News says talks are underway for Barclays hto acquire the £3 billion mortgage book of the troubled...

The research chief at lettings agency Hamptons says it’s likely that landlords have been hit harder by high interest rates than...

The chief executive of Winkworth estate agency chain says this week’s Autumn Statement must see the reinstatement of Mortgage Interest Tax...

There’s been an alarming set of figures in the Bank of England’s latest Money and Credit report, which relates to September. Net...

UK mortgage holders are repaying record amounts of mortgage debt, according to the  Equity Release Council. But the ERC claims high levels...

Britain’s macroeconomic policy framework needs an overhaul to tackle the risk of an unsustainable ratcheting up of debt. That’s the view of...

Landlords in the UK are paying 40 per cent more mortgage interest than in August 2022, which equates to an extra...

Analysts suggest that mortgage lending is likely to fall over the rest of 2023 with both demand and supply dropping thanks...

A depressing 64 per cent of people have taken out a mortgage or personal loan without fully understanding how it works,...

Mortgage arrears in the UK jumped by almost a third between April and June compared with the same period last year,...

Equifax data has found that 41 per cent of live mortgages in the UK are held by customers who will be...

Brokers are wanting that the recent Rightmove asking price index does not mean that sellers are necessarily in a position to...

Mortgage approvals rose by just over three per cent from 49,000 in April to 50,500 in May according to new Bank...

Despite the recent economic turbulence, the bridging market has seen more requests for fast, short-term finance. This type of finance provides certainty...

With many borrowers under the cosh because of the cost of living crisis, lenders are offering brokers a chance to learn...

According to a leading property firm, the latest announcement that a specialist lender has been given a license to off 50-year...

Equity release allows the older generation to release some of the money from the value of their home through a series...

As interest and mortgage rates rise, mortgage providers are becoming stricter when it comes to who they will and will not...

A recent change in mortgage rules that required lenders to check whether homeowners could afford repayments at higher interest rates has...

This week’s roundup takes a look at the latest in the mortgage market, from L&G’s latest addition to its lender panel...

International buyers are slowly returning to the London property market after three consecutive years of declining market activity, research by debt...

Despite a more lethargic pandemic property market performance, a recent study by debt advisory specialists, Henry Dannell, has analysed sold price...

New research from Canopy reveals 10% of UK private renters have been unsuccessful in getting a mortgage, despite 80% never missing...

Debt advisory specialist Henry Dannell recently analysed the average sold price on roads containing another country within their name. By evaluating sold...

While a somewhat slow London property market may be currently trailing the rest of the UK when it comes to the...

When it comes to the money owed as a result of mortgage borrowing in the last 10 years, UK homebuyers have...

Borrowers are turning to second charge mortgages to help alleviate financial issues, according to Knowledge Bank’s latest criteria tracker. ‘Capital raising for...

New research from The Mortgage Lender (TML) reveals that 34% of UK adults planning to buy a home in the next...

Scott Clay at Together - the specialist lender - has shared a few tips for couples considering buying their first home...

Market analysis has revealed where house price growth could stutter should monthly interest payments start to climb as a result of...

Only a quarter (27%) of UK adults have sought financial advice ahead of ‘freedom day’ despite Covid-19 causing financial uncertainty, according...

Existing and aspiring homeowners admit it takes a ‘radical change in circumstances’ before they’d consider purchasing a financial protection product, according...

New research from Knowledge Bank has revealed that homeowners are utilising second charge mortgages to raise money to invest in buy-to-let...

Some 26% of homeowners, or those buying a property, have missed a mortgage payment due to falling ill or having an...

Savings made during lockdown have allowed some borrowers to reduce their debt commitments, with a record £17.6 billion of mortgages repaid...

2021 looks set to be another year of change in the mortgage market, with the second charge market seeing the biggest...

Equity Release Supermarket (ERS) has reported the behavioural shifts and factors still influencing customers due to the ongoing effects of the...

Pepper Money has become the latest lender to go live on Affordability Hub, the affordability-based sourcing system from Mortgage Brain. Launched last...

Searches for ‘self-employed’ and ‘defaults’ became the most popular in December, according to new research from criteria search specialist Knowledge Bank. Knowledge...

A mortgage advisor is urging prospective buyers to act now before the stamp duty holiday comes to an end. Matt Colley, director...

Hope Capital has launched the ‘seventies collection’, which comprises two new bridging loan products. The HOPE 70 products offer a low rate...

Money Advice Scotland is piloting open banking technology from Experian which could help it to significantly speed up the early stages...

Unmortgage has rebranded to Wayhome as part of phase one of its brand refresh. Since August, the Unmortgage name is no longer...

Both the volume and value of flexible payments from pensions has hit a new high, according to Moneyfacts. Data from the money...

Pure Commercial Finance saved a multimillion-pound development by sourcing £2.5 million of funding in just three days. The client, an experienced property...

MortgageGym is adding four specialist lenders to its online platform for mortgage applicants with lower credit scores. These include Together and Precise...

Asset management specialist Spicerhaart Corporate Sales has joined forces with fact-finding experts Excel and UK law firm TLT to create an...

Over two thirds (68%) of British people think lenders have too much power over borrowers. The findings come from new online polling...

Nearly a third (32%) of current mortgage holders, which equates to approximately 4 million people, may have to re-evaluate their finances...

A fifth of current mortgage holders believe they will still be paying off their mortgage beyond the age of 65 –...

Homeowners are ageing at a faster rate than the UK population as developments in post-retirement lending put a strain on the...

The most search criteria by brokers during July has been revealed by Knowledge Bank’s ‘Criteria Activity Tracker’. Knowledge Bank – the source...

Historically second charge mortgages or secured loans as they are also known were seen as a last chance option for a...

Hanley Economic Building Society has introduced two criteria changes across its near prime product range. Borrowers who have been in a Debt...

Masthaven has launched its second charge mortgage range with competitive rates available via Legal & General Mortgage Club. With this partnership, Masthaven...

Many older divorcees are struggling to pay the mortgage post-split, according to figures from LEBC. The financial planning firm is placing greater...

Bank customers are at risk of paying an extra £400 if they chose not to remortgage after their fixed term deal...

The most popular reasons for choosing equity release during the first half of 2017 are making home improvements and clearing existing...

Specialist mortgage lender Vida Homeloans has announced significant changes to its specialist buy-to-let range, enhancing its lending criteria and building on...

The mortgage market will reach its highest level of gross lending since the financial crisis during 2017, the Intermediary Mortgage Lenders...

The appointment of Matthew Dobson as Finance Director has been announced by Furness Building Society. Dobson, who has over 15 years of...

Homeowners remortgaged for an average of £15,000 more in 2016 than they did two years ago, with 57% of remortgage cases...

Back in 1980 I took out my first mortgage to buy a flat in Birmingham. The flat was very affordable and...

Computershare will service three out of every five outsourced UK mortgages from next month, the company has confirmed. This follows its Government appointment to...

Mortgage distributor 3mc has generated Kensington’s first packaged case to go to offer since the lender returned to the market last...

Tomorrow will mark the seventh anniversary of 0.5% interest rates but property experts warn that cheap money won't last forever. The average...

Monthly mortgage approvals soared 24% year-on-year to £12.4 billion in December but brokers deny lending is getting out of control. Across 2015,...

A steep rise in debt since last summer 2015 has put more households under financial pressure, new research shows. Income and saving...

The Building Societies Association (BSA) has committed to review its maximum age limits for mortgage borrowers to help those who need...

Mortgage arrears and repossessions hit a new low in the third quarter but brokers have warned against borrower complacency. They fear borrowers...

NatWest Intermediary Solutions has reduced its loan-to-income (LTI) maximums for mortgage applications up to 85% LTV. It has reduced its maximum LTI...

The Bank of England has ruled out intervention in the UK buy-to-let market despite fears that its growth could pose a...

One in seven homeowners aged 70 and over are still paying off their mortgage, with the average debt a hefty £40,000. New figures...

Nearly one million homeowners with interest-only mortgages are a "ticking timebomb" because they have made no plans for paying off their debt. The...

More than 600,000 Britons intend to use all or part of their pension to help repay their mortgage balance, new research...

Buy-to-let landlords face a "severe dent" in post-tax profits following Chancellor George Osborne's tax crackdown. Individual landlords will face extra tax bills of £2,000...

Official figures showing GDP rose a robust 0.7% in the second quarter will add to pressure on the Bank of England...

The amount of money generated by equity release deals in the first half of 2015 rose by almost a fifth according...

The Bank of England has warned that the booming buy-to-let market poses a threat to the financial stability of the UK. It...

Almost one third of borrowers who remortgaged in May increased the size of their mortgage to release cash for spending or...

The Forum of Private Business (FPB) has reported that nearly two thirds of businesses are operating with cash reserves of under...

Young borrowers increasingly expect to be paying their mortgage into retirement as they stretch themselves to get on the housing ladder. Around half of...