A left-wing academic is suggesting that the new UK Labour government should emulate the US and introduce life-long fixed-rate mortgages. Some 90...
Archive
The latest residential sentiment survey from the Royal Institution of Chartered Surveyors suggests a currently-subdued housing market but with a more...
15 July 2024
From: Breaking News
One of the Bank of England monetary policy committee members has advised against a cut in base rate on August 1. Jonathan...
10 July 2024
From: Breaking News
Brokers can look forward to a strong second half of 2024, according to an industry leader. Rob Jupp, group chief executive at...
08 July 2024
From: Breaking News
More than a quarter of people are in the dark about interest rates and how much they pay, a new survey...
08 July 2024
From: Breaking News
The Conservatives are set to lose nearly half of homeowner votes this week, latest polling from national estate agency Jackson-Stops reveals....
03 July 2024
From: Breaking News
Some 3m UK households are to be hit with further increases in mortgage repayments over the next two years, the Bank...
01 July 2024
From: Breaking News
New research from the Intermediary Mortgage Landers Association suggests that the cumulative shortfall in first-time buyer numbers since the financial crisis...
01 July 2024
From: Breaking News
Data from UK Finance suggests that interest-only mortgage holders are showing no obvious signs of distress despite interest rates remaining high. There...
01 July 2024
From: Breaking News
Total mortgage lending sat at just £50.5 billion during the first quarter of 2024, the lowest level seen since interest rates...
24 June 2024
From: Breaking News
Interest rates for borrowers have been volatile over the past six months, despite no change to the Bank of England base...
24 June 2024
From: Breaking News
The European Central Bank has cut its key deposit rate to 3.75% - so moving faster than the Bank of England...
10 June 2024
From: Breaking News
Higher-for-longer interest rates are likely to remain for the rest of this year, warns the deVere Group, an independent financial advisory...
05 June 2024
From: Breaking News
Official Bank of England figures shows that net mortgage approvals for house purchases totalled 61,100 in April, little changed from 61,300...
05 June 2024
From: Breaking News
Applications from first time buyers have grown by 33% so far this year with FTBs now making up a higher proportion...
03 June 2024
From: Breaking News
Analysis by an estate agency shows that since the 1980s, house prices have climbed by an average of 5.4% in the...
03 June 2024
From: Breaking News
There’s a warning that the general election campaign will probably mean that the interest rate cuts hoped for in June will...
28 May 2024
From: Breaking News
An online agency has analysed current housing market listings to see which types of home are most in demand from England’s...
28 May 2024
From: Breaking News
UK mortgage lending is forecast to grow just 1.5% (net) in 2024, according to the latest EY ITEM Club Outlook for...
13 May 2024
From: Breaking News
Interest rates for borrowers have shown mixed signs of both rises and falls over the past six months. Moneyfactscompare has analysed...
13 May 2024
From: Breaking News
UK Finance’s latest arrears and possessions data shows a modest three per cent rise in homeowner mortgages in arrears to 96,580...
13 May 2024
From: Breaking News
The Hinckley & Rugby building society has announced two cuts to rates across its mortgage range in short order. After rate cuts...
07 May 2024
From: Breaking News
Big demand for small properties has helped to drive growth in UK property prices in the early months of this year,...
07 May 2024
From: Breaking News
A new survey suggests that almost half a million Britons are set to miss a mortgage payment in the next six...
29 April 2024
From: Breaking News
Lloyd’s pre-tax profits were just £1.6 billion between January and March, down from £2.3 billion for the same period last year. The bank...
29 April 2024
From: Breaking News
Five major lenders - NatWest, Barclays, Accord, Leeds Building Society and HSBC - have all announced rate increases so far this...
24 April 2024
From: Breaking News
Mortgage lending has fallen by -28.6% in the past year, according to a new analysis. Octane Capital analysed gross mortgage lending data*...
24 April 2024
From: Breaking News
There’s been a bevvy of buy to let mortgage deal changes this week. Shawbrook has made a series of reductions across its...
22 April 2024
From: Breaking News
An analysis of government house price data by business consultancy Hargreaves Lansdown suggests the typical mortgage term for a first time...
17 April 2024
From: Breaking News
A new report reveals the latest trends in UK lending and borrowing, compiled by lending software company Lenvi. The most notable trends include...
17 April 2024
From: Breaking News
UK house prices grew in March on a quarterly basis, by 2.0%, with annual growth slowing to 0.3%, from 1.6% in...
15 April 2024
From: Breaking News
UK house prices fell by 0.2% in March. Nevertheless, the annual rate of house price growth edged higher to 1.6% in...
10 April 2024
From: Breaking News
Legal & General Mortgage Club has added April Mortgages to its lender panel, giving additional exposure to April’s long-term fixed-rate remortgage...
04 April 2024
From: Breaking News
The average volume of UK properties listed for sale month-on-month rose by 58% in 2023 compared to a year previously, underscoring...
27 March 2024
From: Breaking News
Analysis from estate agency Yopa reveals that while the London market may be the worst performing in terms of house prices, it...
20 March 2024
From: Breaking News
Homebuyer appetites for new-build properties have dipped. Demand dropped 1.1 per cent in the last quarter according to analysis by easyMoney of...
11 March 2024
From: Breaking News
The buy to let mortgage sector has seen fixed rates fall to their lowest point since September 2022, according to analysis...
04 March 2024
From: Breaking News
Hampshire Trust Bank has launched a limited edition two year discounted Flex tracker across its buy to let and semi-commercial offerings....
04 March 2024
From: Breaking News
There were 29,060 new mortgages taken out by older borrowers over 55 in the last three months of 2023 - down...
26 February 2024
From: Breaking News
Diverse views have emerged from financial services figures in response to last week’s news that the headline rate of inflation remained...
21 February 2024
From: Breaking News
High street bank Virgin Money UK says there is light at the end of the tunnel for mortgages and the housing...
14 February 2024
From: Breaking News
By Jonathan Samuels, chief executive of specialist property lender Octane Capital, writes: The Bank of England’s decision to hold interest rates on...
14 February 2024
From: Breaking News
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
UK Finance says there were 93,680 homeowner mortgages in arrears of 2.5 per cent or more of the outstanding balance in...
12 February 2024
From: Breaking News
Global intelligence company Pepper Advantage, which has a portfolio of over 100,000 UK residential mortgages, says there’s been a dramatic increase...
07 February 2024
From: Breaking News
At the middle of last week Nationwide slashed its rates to the most competitive of all in the current lenders price...
05 February 2024
From: Breaking News
The number of mortgages offered to home buyers went up from 49,300 in November to 50,500 in December, against the normal...
05 February 2024
From: Breaking News
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
The number of mortgages with over 30-year terms sold to UK borrowers jumped 13 per cent in the year to end...
29 January 2024
From: Breaking News
The negative effects of higher mortgage rates on affordability were overestimated throughout 2023 with house prices having dropped one one to...
29 January 2024
From: Breaking News
There are growing fears that the hoped-for Bank of England base rate cut this spring - the first off possibly several...
22 January 2024
From: Breaking News
Bank of England governor Andrew Bailey is warning that ‘future shocks’ may yet derail economic recovery. In a session with MPs at...
15 January 2024
From: Breaking News
A building society says it is considering ending its policy of lending to buyers of holiday lets. Martese Carton, the director of...
10 January 2024
From: Breaking News
There’s no prospect of a rapid recovery for the housing market in 2024 despite some green shoots appearing. The warning comes from...
10 January 2024
From: Breaking News
A poll of leading economists for London-focussed business newspaper City AM reveals that some believe a Bank of England base cut...
08 January 2024
From: Breaking News
Monthly interest costs have surged by 283 per cent since 2021 for landlords using interest-only mortgages, research shows. Octane Capital compared rates...
03 January 2024
From: Breaking News
The number of Londoners leaving the capital to move elsewhere in Britain dropped back sharply in 2023, following two years of...
27 December 2023
From: Breaking News
Crystal Specialist Finance has conducted its Annual Survey with over 10,000 brokers for the second year running. The point is to see...
20 December 2023
From: Breaking News
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...
20 December 2023
From: Breaking News
Mortgage rates are predicted to fall next year as lenders take advantage of cheaper funding, after figures show that average swap...
20 December 2023
From: Breaking News
The Bank of England says there was £18.8 billion of mortgage borrowing in arrears in the third quarter of this year. That’s...
20 December 2023
From: Breaking News
With the Bank of England maintaining base rate - as expected - at 5.25 per cent, the broker community ends 2023...
18 December 2023
From: Breaking News
Many landlords say they’re set to expand investments in 2024 despite facing up to 80 per cent higher costs in the...
18 December 2023
From: Breaking News
A new survey - going against the trend of other housing market studies - suggests that house prices could rise six...
13 December 2023
From: Breaking News
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
The Office for Budget Responsibility - part of the Treasury but operating independently of government - is forecasting house prices to...
29 November 2023
From: Breaking News
Nationwide has reduced selected mortgage rates by up to 0.43 per cent across its New Business, Switcher, Additional Borrowing, Existing Customers...
27 November 2023
From: Breaking News
The research chief at lettings agency Hamptons says it’s likely that landlords have been hit harder by high interest rates than...
22 November 2023
From: Breaking News
The Mortgage Lander is warning that mortgages rates will need to come down more, and faster, to really kick-start the housing...
20 November 2023
From: Breaking News
The chief executive of Winkworth estate agency chain says this week’s Autumn Statement must see the reinstatement of Mortgage Interest Tax...
20 November 2023
From: Breaking News
The nation’s landlords are responding to higher levels of mortgage interest rates by cutting their borrowing. The research comes from specialist property...
15 November 2023
From: Breaking News
Some 45 per cent of homebuyers cited in a survey say slow property lawyer response time is a key pain point...
15 November 2023
From: Breaking News
The EY Item Club is warning that the UK is set to experience the slowest two-year mortgage growth in a decade. EY...
13 November 2023
From: Breaking News
Homeowners in Wales who are struggling with their mortgages could get loans that are interest-free for the first five years under...
13 November 2023
From: Breaking News
A digital mortgage broker has launched an online tool aggregating data from over 50 Buy to Let lenders to calculate what...
08 November 2023
From: Breaking News
There’s been an alarming set of figures in the Bank of England’s latest Money and Credit report, which relates to September. Net...
08 November 2023
From: Breaking News
The equity release market has seen growth for the first time in 12 months with quarterly increases in both new customers...
08 November 2023
From: Breaking News
The Bank of England has held base rate at 5.25 per cent, with most analysts saying this is likely to be...
06 November 2023
From: Breaking News
The UK's largest mortgage lender expects house prices to fall this year and next before rising in 2025. Lloyds Banking Group -...
01 November 2023
From: Breaking News
Landlords need greater support from mortgage advisers in order to navigate the best course through the current economic climate. That’s according to...
01 November 2023
From: Breaking News
Searches for interest-only mortgages rose a hefty 51 per cent in the past month as buyers seek to improve affordability. Research data...
25 October 2023
From: Breaking News
UK mortgage holders are repaying record amounts of mortgage debt, according to the Equity Release Council. But the ERC claims high levels...
25 October 2023
From: Breaking News
Britain’s macroeconomic policy framework needs an overhaul to tackle the risk of an unsustainable ratcheting up of debt. That’s the view of...
25 October 2023
From: Breaking News
Landlords in the UK are paying 40 per cent more mortgage interest than in August 2022, which equates to an extra...
23 October 2023
From: Breaking News
Skipton Building Society has made what some brokers call an “unprecedented move” by offering rates for existing borrowers switching products starting...
16 October 2023
From: Breaking News
Analysts suggest that mortgage lending is likely to fall over the rest of 2023 with both demand and supply dropping thanks...
16 October 2023
From: Breaking News
The Nationwide says high interest rates are helping to redefine the housing market in terms of transaction volumes and choices of...
11 October 2023
From: Breaking News
New data from Experian reveals that one in four mortgages lent to those under 30 now have a term of 35...
11 October 2023
From: Breaking News
An estimated seven million UK households are struggling to keep up with their rent or mortgage payments, Which? warns, with millions...
04 October 2023
From: Breaking News
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...
04 October 2023
From: Breaking News
The interest rate on the average five-year fixed mortgage has dropped below 6.0 per cent for the first time in nearly...
02 October 2023
From: Breaking News
Half a million mortgage-holders are facing an imminent financial shock as their fixed deals end in the run-up to Christmas or...
25 September 2023
From: Breaking News
The jury is out as to whether there will be a rate rise this week when the Bank of England Monetary...
18 September 2023
From: Breaking News
Equifax data has found that 41 per cent of live mortgages in the UK are held by customers who will be...
13 September 2023
From: Breaking News
The impact of higher interest rates isn’t felt equally across the country, according to data from the Halifax. Despite recording one of...
06 September 2023
From: Breaking News
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
Brokers are wanting that the recent Rightmove asking price index does not mean that sellers are necessarily in a position to...
30 August 2023
From: Breaking News
High interest rates are worsening the affordability issues at play in the housing market, the Halifax admits. It says that downward pressure...
28 August 2023
From: Breaking News
UK mortgage customers are turning to fixed rates and lump-sum payments as interest rates rise, according to new research by Butterfield...