The industry is sceptical about the effectiveness of Labour’s nw ‘Freedom To Buy’ initiative, which effectively makes the current mortgage guarantee...
Archive
![Boost for First Time Buyer lending as last-gasp law change approved](/upload/images/24%2005%2030%20%2002.jpg)
The Building Societies Act 1986 (Amendment Bill) successfully passed its legislative stages as part of the last minute ‘wash up’ of...
30 May 2024
From: Breaking News
![Nationwide’s bold move will make it even bigger mortgage lender](/upload/images/240311%2001.jpg)
The Nationwide Building Society has agreed to buy Virgin Money in a £2.9 billion deal - a rare example of a...
11 March 2024
From: Breaking News
![Budget Day - Rightmove pours cold water on 99% mortgage idea](/upload/images/24%2003%2006%20%2001.jpg)
Rightmove says the housing market needs a more innovative mortgage initiative than the 99 per cent idea floated by the government. The...
06 March 2024
From: Breaking News
![Two year fixes fall by fastest rate since 2022 - Moneyfacts](/upload/images/24%2002%2019%20%2003.jpg)
Average mortgage rates on the overall two- and five-year fixed rate deals have now been falling for six consecutive months. The overall...
19 February 2024
From: Breaking News
![Revolutionary new mortgage product sees rates fall as LTV improves](/upload/images/240212%2001.jpg)
There’s been widespread speculation that the UK is just weeks away from seeing the launch of a Dutch mortgage product with...
12 February 2024
From: Breaking News
![Falling house prices and big mortgages – three major risks](/upload/images/24%2002%2007%2003.jpg)
Business consultancy Hargreaves Lansdown has identified three major risks associated with the current market, characterised by falling house prices and larger...
07 February 2024
From: Breaking News
![Halifax explains why most first time buyer applications are in joint names](/upload/images/24%2002%2005%2005.jpg)
Almost two thirds of first time buyers mortgage completions are in joint names (with two or more people), according to the...
05 February 2024
From: Breaking News
![First Time Buyers less reliant on parents for raising deposits - research](/upload/images/24%2001%2031%2001.jpg)
New research indicates that the Bank of Mum and Dad may not be as prevalent as it once was, with the...
31 January 2024
From: Breaking News
![First Time Buyers seek larger deposits - help may be on the way](/upload/images/24%2001%2029%2003.jpg)
New research from Aldermore suggests that some 55 per cent of prospective first time buyers are currently seeking to raise a...
29 January 2024
From: Breaking News
![First Time Buyers may get 25 year fixed term mortgages under Labour](/upload/images/24%2001%2022%2003.jpg)
Shadow Chancellor Rachel Reeves says first time buyers could benefit from a "revolution in home ownership" with 25-year fixed-rate mortgages. Reeves says...
22 January 2024
From: Breaking News
![Tories float plan for more long-term mortgages to boost house buying](/upload/images/24%2001%2003%20%2001.jpg)
The Conservatives are working on a series of schemes to help first time buyers to be unveiled at the Budget in...
03 January 2024
From: Breaking News
![Grinch! No Christmas cheer in Q3 UK Finance sentiment survey](/upload/images/23%2012%2011%205.jpg)
There’s been a sharp decline in household financial confidence in the UK according to the latest UK Finance sentiment survey. The Q3...
11 December 2023
From: Breaking News
![Mortgage industry’s low LTVs blamed for homes being empty](/upload/images/23%2012%2006%2001.jpg)
Low loan to value ratios from mortgage lenders are leaving an estimated 90,000 new build homes empty across the UK as...
06 December 2023
From: Breaking News
![Single First-Time Buyers cannot afford 75% of homes using Mortgage Guarantee Scheme](/upload/images/__thumbs/23%2011%2006%201.jpg/23%2011%2006%201__400x254.jpg)
Rightmove claims that single first-time buyers on an average salary and with a 5.0 per cent deposit could not afford three-quarters...
06 November 2023
From: Breaking News
![UK Finance Review shows how borrowers cope with higher rates](/upload/images/__thumbs/23%2009%2006%203%20UK%20Finance%20Review%20shows%20how%20borrowers%20cope%20with%20higher%20rates%20.jpg/23%2009%2006%203%20UK%20Finance%20Review%20shows%20how%20borrowers%20cope%20with%20higher%20rates%20__400x400.jpg)
UK Finance’s latest Household Finance Review - for the second quarter of this year - lifts the lid on mortgages. The headlines...
06 September 2023
From: Breaking News
![Accord cuts rates at the double!](/upload/images/Shutterstock-only%20images/Property%20Market/BalancingPercentages-400x310.png)
Accord Mortgages is making further changes to its buy-to-let and residential rates. For the second time in as many weeks, buy to...
04 April 2023
From: Breaking News
![Bank of Mum and Dad forks out £8.8 bn](/upload/images/Shutterstock-only%20images/Property%20Market/FamilyBuyers-400x310.png)
Gifts and loans from the Bank of Mum & Dad (BOMAD) totalled £8.8 billion in 2022, according to the latest analysis...
21 March 2023
From: Breaking News
![Record year for building society](/upload/images/Newcastle%20Building%20Society%20Head%20Office%20-%20Cobalt%20Business%20Park%20optimised.jpg)
Newcastle Building Society has reported record lendings for 2022 of £586 million. Significant support was provided to Members, clients, and colleagues during...
07 March 2023
From: Breaking News
![L&G Mortgage Club announces exclusive with Leek Building Society](/upload/images/Shutterstock-only%20images/Property%20Market/Sharp%20rise%20in%20property%20transaction%20fall-throught%20cost%20MortgageApplyNow_400x310.png)
Advisers looking to place business with Leek Building Society via Legal & General Mortgage Club will now benefit from access to...
07 February 2023
From: Breaking News
![First-time buyer deposits climb 41% in the last decade](/upload/images/library/Deposit-1-400x310.jpg)
Deposits for property purchases typically cost 10-15% of the value of the home and saving for one can be particularly challenging, especially for...
16 August 2022
From: Breaking News
![How brokers can help first-time buyers on the affordable mortgage route](/upload/images/Housing%20Market%20%26%20Property%20Images/MortgageApplicationForm-400x310.png)
In this guest piece, Adrian Plant, director of Shared Ownership at Leaders Romans Group and Calum Toone, mortgage advisor at Mortgage Scout, delve into the...
30 June 2022
From: Breaking News
![Advisers call for reforms to break down barriers to homeownership for FTBs](/upload/images/Back-link-images/1_-London.jpg)
In the UK, homeownership remains one of the main aspirations for young adults and families who envision climbing the property ladder...
21 June 2022
From: Breaking News
![Shocking £27m deposits still held in rental disputes since 2021](/upload/images/Housing%20Market%20%26%20Property%20Images/GenerateRevenueImage-400x310.jpg)
While tenancy disputes did see a year-on-year decline in volume during 2021, the latest industry insight from mydeposits show that there...
14 June 2022
From: Breaking News
![Mortgage roundup – enhancing the homebuying journey](/upload/images/Site%20logos/MortgageRoundup-400x310.png)
This week’s mortgage roundup is all about simplifying the homebuying journey, with a new partnership formed to streamline the buying process and...
24 February 2022
From: Breaking News
![Deposit Unlock mortgages launches nationally](/upload/images/library/UK-Housing-1-400x310.jpg)
Deposit Unlock, a mortgage scheme that allows new build buyers to purchase with a 5% deposit, has launched nationally with 17...
02 December 2021
From: Breaking News
![Study – Bank of Gran and Grandad gift almost £1 million a day](/img/default/it.png)
According to new research from equity adviser Key, the Bank of Gran and Grandad has gifted nearly £1 million a day...
24 June 2021
From: Breaking News
![Family lending made simple with new lending platform](/img/default/it.png)
Tembo, the ‘next generation’ lending platform, has launched a new approach to family lending for mortgages. The lender offers a range of...
17 June 2021
From: Breaking News
![First-time buyers use lockdown savings for deposits](/img/default/it.png)
According to new research from estate agents Purplebricks, 43% of today’s first-time buyers (FTBs) have fully funded their own deposit. While...
21 May 2021
From: Breaking News
![Mortgage roundup – fresh products for advisers and landlords incoming](/img/default/it.png)
The Nottingham has unveiled loan-to-value (LTV) limited company buy-to-let (BTL) fixed-rate products. The building society has announced four new two and five-year...
13 May 2021
From: Breaking News
![FTB index – stamp duty holiday benefits and deposit saving woes](/img/default/it.png)
The UK housing market has boomed over the past year, with buyers and sellers benefitting from recent initiatives. But how have...
06 April 2021
From: Breaking News
![Debt begone! Lockdown savings fuel record mortgage repayments](/img/default/it.png)
Savings made during lockdown have allowed some borrowers to reduce their debt commitments, with a record £17.6 billion of mortgages repaid...
18 March 2021
From: Breaking News
![Value of new mortgage commitments reached record high in 2020](/img/default/it.png)
The total value of new mortgages set to be handed out in the coming months reached its highest level since 2007...
16 March 2021
From: Breaking News
![Revealed – where are asking price reductions boosting activity?](/img/default/it.png)
Property buyers in certain cities could enjoy a hat-trick of savings via the stamp duty holiday, a reduced mortgage deposit requirement and...
09 March 2021
From: Breaking News
![Make way BoMaD – Bank of Gran and Grandad boosts FTB deposit funds](/img/default/it.png)
Older homeowners gifted an average of £42,500 to younger relatives to help them get on the property ladder in 2020, new...
25 February 2021
From: Breaking News
![The Nottingham relaunches 90% LTV mortgages for borrowers](/img/default/it.png)
The Nottingham has announced the relaunch of 90% loan-to-value (LTV) mortgages for potential borrowers. In what is described as more good news...
28 January 2021
From: Breaking News
![Borrowers can still benefit from the Bank of Mum and Dad - claim](/img/default/it.png)
As the industry starts to tighten its criteria, Saffron Building Society is affirming that there is still hope for borrowers as...
19 August 2020
From: Breaking News
![Home of Mortgages – the mortgage market is still open for business](/img/default/it.png)
Despite ongoing coronavirus woes, buyers can look to benefit from record low rates and the mortgage market remains open for business. That...
10 April 2020
From: Breaking News
![Hinckley slashes rates for first-time buyer-friendly mortgages](/img/default/it.png)
Hinckley & Rugby Building Society has cut the interest rates on three mortgages particularly attractive to first-time buyers. The fee-free mortgages are...
30 January 2020
From: Breaking News
![Pension cash dominates the savings market](/img/default/it.png)
Both the volume and value of flexible payments from pensions has hit a new high, according to Moneyfacts. Data from the money...
29 August 2019
From: Breaking News
![Dudley BS reports record lending figures in year end results](/img/default/it.png)
Dudley BS has been working for over 160 years in providing mortgages and saving accounts to customers across a local and...
05 July 2019
From: Breaking News
![Growth in number of approvals to small deposit borrowers](/img/default/it.png)
First-time buyers and existing homeowners capitalised on low rates across the market in October, according to fresh research from e.surv. Its latest...
16 November 2018
From: Breaking News
![Larger deposit borrowers see market share squeezed](/img/default/it.png)
First-time buyers and others with small deposits took a greater share of the market last month than in August, according to...
17 October 2018
From: Breaking News
![Accord launches new remortgage options and reduces rates](/img/default/it.png)
Accord Mortgages has launched five competitive remortgage options for borrowers with a 25%, 20% or 10% deposit. The new remortgage range from...
22 February 2018
From: Breaking News
![Research reveals the scope of the Bank of Mum and Dad](/img/default/it.png)
Six in ten parents can afford to financially support their children to buy their first home, while only 5% can pay...
24 October 2017
From: Breaking News
![Yorkshire Building Society set to offer exclusive mortgages to FTBs](/img/default/it.png)
Yorkshire Building Society is launching a range of two-year mortgages to help first-time buyers (FTBs) take their first steps on the...
12 October 2017
From: Breaking News
![Accord launches lowest-ever 80% LTV two-year fix](/img/default/it.png)
Accord Mortgages is offering its lowest ever two-year fixed rate at 80% loan-to-value (LTV) with a 0.99% two-year fixed rate mortgage...
25 September 2017
From: Breaking News
![First-time buyers turning to specialist lenders](/img/default/it.png)
New data from mortgage lender, Vida Homeloans, found more first-time buyers are seeking lenders for deals that cater to their needs...
08 September 2017
From: Breaking News
![Gifted deposits fall for both first-time buyers and investors](/img/default/it.png)
The number of first-time buyers and buyers of investment properties has fallen in the last two years, My Home Move say. First-time...
21 August 2017
From: Breaking News
![New survey shows alternative housing choices young people would make](/img/default/it.png)
A study revealed that a third of young people would choose to buy and live in a caravan if they couldn’t...
09 August 2017
From: Breaking News
![UK mortgage market surged in June](/img/default/it.png)
Fresh statistics suggest the UK’s mortgage market has been boosted again, with approvals for home lending up month on month and...
04 August 2017
From: Breaking News
![Accord Buy to Let expands its fixed rate price](/img/default/it.png)
Accord Buy to Let has bolstered its range of fixed rate mortgages for landlords with deposits of 25% or more. The lender,...
28 July 2017
From: Breaking News
10 May 2017
From: Breaking News
![Fee-free and high LTV products launched by Hinckley & Rugby](/img/default/it.png)
Hinckley & Rugby Building Society has launched two new fee-free high LTV mortgages. The fix then discount products are completely fee-free and...
28 March 2017
From: Breaking News
![Quarter of young Brits have given up on home ownership](/img/default/it.png)
A quarter of young people believe the only way they'll ever own a home is by inheriting cash, research by Halifax has...
22 March 2017
From: Breaking News
![Lender extends lifetime mortgage range with flexible products](/img/default/it.png)
Financial mutual OneFamily has extended its lifetime mortgage range, increasing its number of products from four to six. The two new additions...
01 February 2017
From: Breaking News
![Buy-to-let borrowing hit by high house prices and tougher lending criteria](/img/default/it.png)
Average buy-to-let loans and deposits increased in 2016, new research from The Mortgage Broker Ltd has revealed. This came as a result...
27 January 2017
From: Breaking News
![The fall in ownership – it’s about affordability rather than the cost of mortgages](/img/default/it.png)
Data published this week by the Resolution Foundation confirms the continuation of the downward trend in home ownership in the UK. Since 2003...
04 August 2016
From: Breaking News
![Skipton drops first-time buyer lending cap](/img/default/it.png)
Skipton Building Society has removed its maximum loan size cap for first-time buyers. It said this follows a 20% increase in UK house...
03 June 2016
From: Breaking News
![Mortgage gap closes as high-LTV loans get cheaper](/img/default/it.png)
The gap between mortgage rates at different LTVs has narrowed dramatically, making life easier for borrowers with small deposits. Mortgage rates for borrowers...
24 May 2016
From: Breaking News
![First-time buyers ‘must act fast’ to get top deals](/img/default/it.png)
The cost of servicing a mortgage for buyers with small deposits has fallen sharply over the past 12 months, according to...
06 May 2016
From: Breaking News
![Post Office cuts rates and launches new deals](/img/default/it.png)
Post Office Money has launched a number of mortgage deals and reduced rates on many existing deals. It says the new deals...
21 April 2016
From: Breaking News
![First-time buyers move home to build deposits](/img/default/it.png)
Single first-time buyers and couples can significantly cut the time it takes to save for a deposit by moving back in...
18 April 2016
From: Breaking News
![Atom launches with Kensington Mortgages](/img/default/it.png)
Specialist mortgage package and distributor Atom has announced a new relationship with Kensington Mortgages. Dale Jannels, managing director at Atom, which stands...
18 April 2016
From: Breaking News
![Higher-LTV lending squeezed as purchases soar](/img/default/it.png)
House purchase values rose 20% in the final quarter of 2015 yet there was also a worrying drop in higher-LTV lending. The...
09 March 2016
From: Breaking News
![First-time buyer deals near pre-crash levels](/img/default/it.png)
The number of high-LTV deals aimed at first-time buyers is almost back at pre-financial crisis levels. Mortgages at 90% and 95% LTV...
24 February 2016
From: Breaking News
![Average deposit tops £80,000 for first time](/img/default/it.png)
The average house purchase deposit jumped 15% in a year to more than £80,000 in December. This is its highest point since the...
27 January 2016
From: Breaking News
![95% LTV mortgages hit post-recession high](/img/default/it.png)
The number of 95% LTV mortgages rose by 84% in the last year after a surge of product launches over the...
17 December 2015
From: Breaking News
![TMW cuts buy-to-let rates](/img/default/it.png)
The Mortgage Works (TMW) has cut new mortgage rates by up to 0.85% on its Buy to Let 2 year products to...
11 December 2015
From: Breaking News
![Now Santander unveils Help to Buy Isa rate](/img/default/it.png)
Santander has joined the growing list of banks and building societies that are announcing the rates on their Help to Buy...
01 December 2015
From: Breaking News
![Halifax and Nationwide announce Help to Buy Isa rates](/img/default/it.png)
Leading lenders Halifax and Nationwide have announced how much interest they will be paying on their Help to Buy Isas. The new...
30 November 2015
From: Breaking News
![Yorkshire BS launches cheap 95% LTV fix](/img/default/it.png)
The mortgage price war for higher-LTV loans has intensified with Yorkshire Building Society launching a 3.78% two-year fixed rate mortgage for...
26 October 2015
From: Breaking News
![Barclays unveils fee free mortgages with £1,000 cash back](/img/default/it.png)
Barclays is launching fee-free mortgages with up to £1,000 in cash back from today. Its new purchase-only products are available on LTVs from 60% to...
22 October 2015
From: Breaking News
![Access to mortgages getting worse](/img/default/it.png)
Just 12% of UK adults believe access to mortgages has improved in the past five years, despite recent moves to open...
14 October 2015
From: Breaking News
![Lenders compete to offer cheap high-LTV loans](/img/default/it.png)
Three lenders have launched new residential mortgages aimed at buyers needing higher loan-to-value (LTV) deals. Yorkshire, Leeds and Teachers building societies have...
07 October 2015
From: Breaking News
![Help to Buy continues to drive mortgage market](/img/default/it.png)
The government-backed Help to Buy home-loan scheme continues to offer vital support to the mortgage market two years after its launch,...
01 October 2015
From: Breaking News
![Mortgage approvals reach 2015 high](/img/default/it.png)
A new report from the Bank of England shows that approvals of loans for house purchases hit a 2015 high in...
01 October 2015
From: Breaking News
![Boom in price of first-time buyer homes](/img/default/it.png)
The cost of taking the first step on the property ladder is soaring according to new figures from estate agent chain...
30 September 2015
From: Breaking News
![NatWest cuts residential intermediary mortgage rates](/img/default/it.png)
NatWest Intermediary Solutions is reducing rates on a number of higher-LTV residential mortgages in its broker portfolio from today. It will also...
18 September 2015
From: Breaking News
![High-LTV lending slumps again](/img/default/it.png)
First-time buyers with relatively small deposits are finding it increasingly hard to get on the property ladder, new research shows. The typical...
15 September 2015
From: Breaking News
![Nationwide launches £1bn first-time buyer plan](/img/default/it.png)
Nationwide is aiming to boost first-time buyer mortgage lending with £1 billion of new low deposit products. It is launching a range...
10 September 2015
From: Breaking News
![TMW unveils its cheapest ever fixed buy-to-let deals](/img/default/it.png)
The Mortgage Works (TMW) has launched its cheapest ever fixed-rate buy-to-let products with rate cuts of up to 0.50%. It has also...
25 August 2015
From: Breaking News
![More buyers with smaller deposits able to buy](/img/default/it.png)
Applicants with smaller deposits are increasingly securing mortgages as lenders offer more high-LTV loans, new research suggests. Nearly half of all homebuyers...
11 August 2015
From: Breaking News
![First-time buyers numbers plunge again](/img/default/it.png)
The number of first-time buyers plunged more than 27% in the year to June, with no sign of a post-election bounce. There...
31 July 2015
From: Breaking News
![Platform cuts rates for borrowers with small deposits](/img/default/it.png)
Platform has revised its mainstream mortgage range for brokers by cutting fixed rates at 80% and 90% LTV. The intermediary lender of...
31 July 2015
From: Breaking News
![Nationwide announces new high-LTV deals](/img/default/it.png)
Nationwide Building Society is today cutting rates on a number of fixed-rate deals for customers with small deposits. The organisation said it...
16 July 2015
From: Breaking News
![Deposit costs put squeeze on first-time buyers](/img/default/it.png)
Difficulties in putting together deposits and the General Election put a dampener on the number of first-time buyers completing property purchases...
06 July 2015
From: Breaking News
![Nationwide cuts two-year fixed rates](/img/default/it.png)
Nationwide has cut its two-year fixed rates for borrowers with smaller deposits by up to 0.25%. And it has made further reductions...
29 June 2015
From: Breaking News
![Mortgage lending soars to post-crisis high](/img/default/it.png)
Mortgage borrowing jumped to a six-year high in May and average deposits also hit a new post-recession peak, new figures show. Deposits have...
26 June 2015
From: Breaking News
![Chelsea cuts first-time buyer rates](/img/default/it.png)
Chelsea Building Society has reduced rates for customers with 10% and 5% deposits, in what it says is a bid to...
25 June 2015
From: Breaking News
![Platform launches new broker range](/img/default/it.png)
Platform has launched a new mortgage range for brokers and with cuts to selected fixed rate mortgages of up to 0.25%. The new rates...
25 June 2015
From: Breaking News
![Help to Buy funds 131 buyers a day](/img/default/it.png)
Help to Buy schemes have created 131 new homeowners every day since April 2013, Housing Minister Brandon Lewis has said. More than...
19 June 2015
From: Breaking News
![Co-op takes two-year fixes to new low](/img/default/it.png)
The Co-operative bank has launched the UK's lowest ever two-year fixed-rate mortgage rate at just 1.09%. The loan, available up to 60%...
01 May 2015
From: Breaking News
![Cheaper deals help low-income borrowers](/img/default/it.png)
Improve mortgage affordability is helping borrowers on lower incomes to climb the property ladder. Mortgage applications surged 18% in March in response to...