Archive

Five major lenders - NatWest, Barclays, Accord, Leeds Building Society and HSBC - have all announced rate increases so far this...

Mortgage lending has fallen by -28.6% in the past year, according to a new analysis. Octane Capital analysed gross mortgage lending data*...

There’s been a bevvy of buy to let mortgage deal changes this week. Shawbrook has made a series of reductions across its...

New Financial Conduct Authority statistics display housing market turbulence over the past two years, raising concerns about buyers and lenders in...

An analysis of government house price data by business consultancy Hargreaves Lansdown suggests the typical mortgage term for a first time...

A new report reveals the latest trends  in UK lending and borrowing, compiled by lending software company Lenvi. The most notable trends include...

Monthly payments on some 123,000 home loan accounts were cut in the first eight months of the government’s Mortgage Charter.   The...

UK house prices grew in March on a quarterly basis, by 2.0%, with annual growth slowing to 0.3%, from 1.6% in...

UK house prices fell by 0.2% in March. Nevertheless, the annual rate of house price growth edged higher to 1.6% in...

Suffolk Building Society has introduced a tiered approach to its Interest Cover Ratio assessment for buy to let and holiday let...

Legal & General Mortgage Club has added April Mortgages to its lender panel, giving additional exposure to April’s long-term fixed-rate remortgage...

The Bank of England has signalled that more than one interest rate cut is likely this year - but the question...

The average volume of UK properties listed for sale month-on-month rose by 58% in 2023 compared to a year previously, underscoring...

Analysis from estate agency Yopa reveals that while the London market may be the worst performing in terms of house prices, it...

New data from Zoopla suggests that the housing market is becoming buoyant despite widespread uncertainty over the exact direction of mortgage...

April Mortgages has struck a deal for new technology to help it introduce Dutch-style loans into the UK. The new mortgage type...

Homebuyer appetites for new-build properties have dipped. Demand dropped 1.1 per cent in the last quarter according to analysis by easyMoney of...

Shared ownership has given the new-build division at national brokerage Just Mortgages a bumper start to 2024. New build leads and enquiries...

Experts have lashed out at lenders who reprice products, sometimes with just a few hours’ notice. And many suggest that lenders are...

The buy to let mortgage sector has seen fixed rates fall to their lowest point since September 2022, according to analysis...

Hampshire Trust Bank has launched a limited edition two year discounted Flex tracker across its buy to let and semi-commercial offerings....

Hodge has made significant changes to its 50+, Retirement Interest Only (RIO) and Holiday Let Mortgage property criteria. The updates include the...

The Financial Conduct Authority is working with 12 lenders and administrators to probe the interest-only mortgage market. The number of IO and...

The true cost of stamp duty is two thirds greater than the tax itself because it obliges buyers to spend far...

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

There’s been a surge in enthusiasm for energy efficient homes according to research from heat pump advocates OVO. It says that a...

A specialist lender claims that first-time buyers could see annual mortgage costs climb by £398 per year, while landlords suffer a...

Diverse views have emerged from financial services figures in response to last week’s news that the headline rate of inflation remained...

Average mortgage rates on the overall two- and five-year fixed rate deals have now been falling for six consecutive months. The overall...

High street bank Virgin Money UK says there is light at the end of the tunnel for mortgages and the housing...

By Jonathan Samuels, chief executive of specialist property lender Octane Capital, writes: The Bank of England’s decision to hold interest rates on...

There’s been widespread speculation that the UK is just weeks away from seeing the launch of a Dutch mortgage product with...

UK Finance says there were 93,680 homeowner mortgages in arrears of 2.5 per cent or more of the outstanding balance in...

Global intelligence company Pepper Advantage, which has a portfolio of over 100,000 UK residential mortgages, says there’s been a dramatic increase...

At the middle of last week Nationwide slashed its rates to the most competitive of all in the current lenders price...

There are clear signs the commercial property market is adjusting to today’s high interest rate environment according to specialist lender Together. Its...

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

The UK's largest building society has slashed its cheapest mortgage rate to an eight-month low and significantly under the Bank of...

New research from Aldermore suggests that some 55 per cent of prospective first time buyers are currently seeking to raise a...

The number of mortgages with over 30-year terms sold to UK borrowers jumped 13 per cent in the year to end...

The negative effects of higher mortgage rates on affordability were overestimated throughout 2023 with house prices having dropped one one to...

Despite a sharp fall in the number of homes bought by landlords in 2023, the number of limited companies set up...

There are growing fears that the hoped-for Bank of England base rate cut this spring - the first off possibly several...

Three years ago the Financial Conduct Authority banned discretionary commission arrangements in a bid to end the incentive for brokers to...

Bank of England governor Andrew Bailey is warning that ‘future shocks’ may yet derail economic recovery. In a session with MPs at...

One of the UK’s biggest house builders, the FTSE 250-listed Persimmon, says its 2023 sales were better than expected - but...

A building society says it is considering ending its policy of lending to buyers of holiday lets. Martese Carton, the director of...

There’s no prospect of a rapid recovery for the housing market in 2024 despite some green shoots appearing. The warning comes from...

A poll of leading economists for London-focussed business newspaper City AM reveals that some believe a Bank of England base cut...

Monthly interest costs have surged by 283 per cent since 2021 for landlords using interest-only mortgages, research shows. Octane Capital compared rates...

Falling swap rates - already falling over the past month - have dropped further following better-than-expected inflation news, triggering speculation over...

The number of Londoners leaving the capital to move elsewhere in Britain dropped back sharply in 2023, following two years of...

Crystal Specialist Finance has conducted its Annual Survey with over 10,000 brokers for the second year running. The point is to see...

UK Finance has published its housing and mortgage market forecasts for 2024 and 2025 together with projections for 2023 full year numbers. Key figures for 2023 In...

Mortgage rates are predicted to fall next year as lenders take advantage of cheaper funding, after figures show that average swap...

The Bank of England says there was £18.8 billion of mortgage borrowing in arrears in the third quarter of this year. That’s...

With the Bank of England maintaining base rate - as expected - at 5.25 per cent, the broker community ends 2023...

Many landlords say they’re set to expand investments in 2024 despite facing up to 80 per cent higher costs in the...

A new survey - going against the trend of other housing market studies - suggests that house prices could rise six...

There’s been a sharp decline in household financial confidence in the UK according to the latest UK Finance sentiment survey. The Q3...

The Office for Budget Responsibility - part of the Treasury but operating independently of government - is forecasting house prices to...

Nationwide has reduced selected mortgage rates by up to 0.43 per cent across its New Business, Switcher, Additional Borrowing, Existing Customers...

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

The Mortgage Lander is warning that mortgages rates will need to come down more, and faster, to really kick-start the housing...

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

The nation’s landlords are responding to higher levels of mortgage interest rates by cutting their borrowing. The research comes from specialist property...

Some 45 per cent of homebuyers cited in a survey say slow property lawyer response time is a key pain point...

The EY Item Club is warning that the UK is set to experience the slowest two-year mortgage growth in a decade. EY...

Contributors to a quarterly specialist finance publication have reported a 15.3 per cent increase in bridging loan transactions, totalling £191m, during...

Homeowners in Wales who are struggling with their mortgages could get loans that are interest-free for the first five years under...

A digital mortgage broker has launched an online tool aggregating data from over 50 Buy to Let lenders to calculate what...

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

The equity release market has seen growth for the first time in 12 months with quarterly increases in both new customers...

Global credit intelligence provider Pepper Advantage, which has a 100,000+ UK residential mortgage portfolio, says arrears in this country have seen...

The Bank of England has held base rate at 5.25 per cent, with most analysts saying this is likely to be...

The UK's largest mortgage lender expects house prices to fall this year and next before rising in 2025. Lloyds Banking Group -...

Landlords need greater support from mortgage advisers in order to navigate the best course through the current economic climate. That’s according to...

The Bank of England is expected to hold base rate at 5.25 per cent this week with many analysts expecting this...

Jo Breeden, managing director of Crystal Specialist Finance, writes: In his recent speech, the Prime Minister scrapped the proposed changes to EPC...

Searches for interest-only mortgages rose a hefty 51 per cent in the past month as buyers seek to improve affordability. Research data...

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...

Skipton Building Society has made what some brokers call an “unprecedented move” by offering rates for existing borrowers switching products starting...

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

The Nationwide says high interest rates are helping to redefine the housing market in terms of transaction volumes and choices of...

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

New data from Experian reveals that one in four mortgages lent to those under 30 now have a term of 35...

An estimated seven million UK households are struggling to keep up with their rent or mortgage payments, Which? warns, with millions...

It’s now one year since former Prime Minister Liz Truss and Chancellor Kwasi Kwarteng’s ill-fated mini-budget, which acted as a catalyst...

The interest rate on the average five-year fixed mortgage has dropped below 6.0 per cent for the first time in nearly...

Brokers have criticised NatWest for allegedly offering a sub-5.0 per cent 60 per cent LTV five -year fixed mortgage rate direct...

Half a million mortgage-holders are facing an imminent financial shock as their fixed deals end in the run-up to Christmas or...

Brokers are warning that dramatic council ‘effective bankruptcies’ will increase local residents’ tax bills and so hurt mortgage affordability. This follows the...

The jury is out as to whether there will be a rate rise this week when the Bank of England Monetary...

Data from mortgage research and sourcing platform Legal & General Ignite reveals a significant spike in searches for Interest Only products...

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

The impact of higher interest rates isn’t felt equally across the country, according to data from the Halifax. Despite recording one of...

UK Finance’s latest Household Finance Review - for the second quarter of this year - lifts the lid on mortgages. The headlines...

The Bank of England says net mortgage approvals decreased from 54,600 in June to 49,400 in July, although approvals for remortgaging slightly increased...