Archive

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

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

Specialist lender Hodge has joined forces with Propflo, a PropTech startup, to help customers make their properties more energy-efficient and environmentally...

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

Lloyds Banking Group, Nationwide, NatWest - along with Rightmove - have announced a strategic investment in Coadjute, a prominent PropTech business. This...

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

There’s been a huge rise in the number of buy to let property repossessions in the first quarter of 2024 compared...

Mortgage approvals jumped 7.7% in February to 60,383, and were 40% higher than they were a year ago, new figures from...

New research shows that sellers in Wales are likely to be hit hardest by a down valuation, with the average home...

Aldermore has signed the Armed Forces Covenant in the presence of two-star Air Vice-Marshal Ranald Munro and several colleagues who have...

Since the start of September 2023, the average two-year fixed rate has fallen from 6.70% to 5.76% and the average five-year...

Mortgage lender Halifax is imposing a new 70-year age limit on the terms of its home loans for some borrowers. This has...

New Mortgage Lenders and Administrators statistics for Q4 2023 paint a very worrying picture of the mortgage market. That’s the view of...

Fewer people are concerned about paying their mortgage and fewer believe mortgage affordability is a barrier to home buying.  That’s the verdict...

There’s been an angry reaction to news that from today - March 18 - Halifax is changing the maximum age allowed...

The average shelf-life of a mortgage product is just 15 days, with lenders increasing fixed rates, says Moneyfacts. Average mortgage rates on...

Some 40% of residential landlords with a mortgage - fixed, tracker or discount - are due to renew their mortgage rate...

The ‘average’ 25 year mortgage term is increasingly becoming a thing of the past says USwitch. A recent study of the data...

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

The Intermediary Mortgage Lenders Association has given the thumbs down to the Budget of Chancellor Jeremy Hunt. The trade body was disappointed...

Rightmove says the housing market needs a more innovative mortgage initiative than the 99 per cent idea floated by the government. The...

The estate agents’ trade body has made the unexpected move of calling on banks to cut mortgage rates. Rates are typically decided...

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

Last week Halifax - previously an outlier amongst major lenders - announced it was raising rates, following the likes of Santander,...

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

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

A survey of 2,000 adults by lender Together sheds light on parental help for first time buyers. It shows that a fifth...

Halifax moved entirely in the opposite direction to its rivals at the very end of last week, cutting rates instead of...

It’s been a torrid time for rates, going back up for HSBC, Santander, TSB, Virgin Money, NatWest and many other mainstream...

NatWest has made changes to its product ranges for both new business and existing customers. New borrowers can expect a rate increase...

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

The latest Mortgage Market Tracker report from the Intermediary Mortgage Lenders Association reveals that confidence has returned to the mortgage market,...

There were 12,000 first time buyers over the age of 50 in the UK in 2022, the latest figures available. This means that...

Lenders’ trade body UK Finance wants the government to use next month’s Budget to announce a new Help to Buy scheme...

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...

Business consultancy Hargreaves Lansdown has identified three major risks associated with the current market, characterised by falling house prices and larger...

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

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

The vast majority of high net worth individuals have faced mortgage rejections and had to accept lower loan-to-value ratios than they...

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

HM Land Registry says it’s working with mortgage lenders to ensure they will no longer need to chase conveyancers for updates...

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

The war between rival mortgage lenders continues with Halifax late last week undertaking its second re-price of the year (and it’s...

Latest Bank of England data released in recent days shows net mortgage approvals for house purchases rose from 47,900 in October...

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

Three high street lenders - Virgin Money, TSB and Skipton Building Society - have joined the commitment to offer mortgages on...

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

A warning has been given to borrowers and the home owning public by Paul Broadhead, head of mortgage and housing policy...

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

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

More lenders have green mortgage deals on the market now compared to a year ago, according to the Mortgage Advice Bureau. Some...

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

Saga, the provider of products and services for the over-50s, has teamed up with digital broker Tembo to launch Saga Mortgages. The...

Some 40 per cent of self-employed individuals think lenders need to be more understanding when it comes to those with complex...

Low loan to value ratios from mortgage lenders are leaving an estimated 90,000 new build homes empty across the UK as...

Hodge is removing height restrictions from its lending criteria, meaning it will accept applications for mortgages on homes in England that...

Lenders are offering more fixed deals with incentives since the start of last month - November - but analysis by Moneyfactscompare...

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

New data from Legal & General - based on searches to its Ignite platform - suggests a diverse mortgage market during...

Many of the country’s major lenders - and quite a few smaller ones, too - have slashed mortgage rates in response...

Lenders’ trade body UK Finance says there were 11,540 buy to let mortgages in arrears of 2.5 per cent or more of...

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

Rightmove claims that single first-time buyers on an average salary and with a 5.0 per cent deposit could not afford three-quarters...

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

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

A range informal media briefings on behalf of the UK government suggest that an extension of the current mortgage guarantee scheme...

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

A residential mortgage lender is using AI to help brokers attract more customers as well as engage existing customers. MPowered Mortgages says...

A host of lenders have announced cuts to their rates in recent days, with Halifax arguably the most significant. It’s launched three-year...

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...

It’s now the tenth week that average rates of dropped, as the slow but steady downward trend of fixed-mortgage rates continues.  As...

Is the mortgage price war really over? On the one hand there are good signs for the housing market - no substantial...

Target Group is officially launching the Mortgage Hub, its state-of-the-art mortgage originations system.   Over two years in development, Target claims it is...

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 number of three-year fixed mortgage products available from lenders has been rising over the last few months as borrowers coming...

Atom bank has announced a partnership with climate tech business Kamma to give “an unparalleled view on both the physical and...

There’s been a backlash from the mortgage industry following Prime Minister Rishi Sunak’s Eco U-turn last week.  In recent months a growing...

New analysis of personal guarantee requests from lenders for Limited Company Buy to Let mortgage, has found that the average personal...

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

After six consecutive weeks of mortgage rate reductions - and the expectation of more soon - there are hopes of sub-5.0...

This week sees the start of Mortgage Vision, the free regional mortgage industry roadshow. Now in its 15th year, Mortgage Vision opens...

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...

A study of 7,000 people by a specialist predicts the UK specialist residential mortgage market will treble to £16 billion by...

There’s been a flurry of rate cuts from lenders serving all sector of the market as a battle begins for market...

High interest rates are worsening the affordability issues at play in the housing market, the Halifax admits. It says that downward pressure...

Brokers are up in arms about alleged profiteering by buy to let mortgage lenders’ arrangement fees. These jumped last autumn as a...

There is speculation that the recent spate of figures from the UK economy may prompt a war between mortgage providers as...

The latest Mortgage Market Tracker from the Intermediary Mortgage Lenders Association shows surprisingly upbeat market sentiment among advisers during the second...

A financial service trading statement by a major player this week highlights the issues facing the industry. LSL is one of the...

The Bank of England’s latest base rate rise - up 0.25 per cent to 5.25 per cent - has been poorly...

A new survey of 2,000 UK adults has revealed that 50 per cent of those who have applied for a mortgage...

New Freedom of Information data from the FCA - gathered by Quilter, the wealth manager and financial adviser - reveals that...

From this week the banking and finance industry’s Reach Out campaign will be seen across out-of-home advertising, radio, print and digital,...

A new survey of 2,000 UK adults has revealed that 66 per cent of mortgage holders believe greater flexibility is needed...

After the interest rate volatility, impact on product availability and consequent pressure on advisers, the Intermediary Mortgage Lenders Association and Association...

The Bank of England’s latest stress test of the financial system suggests that UK's eight largest lenders could survive a worst...

Lenders have reported the UK's biggest increase in mortgage defaults since 2009 - and they expect worse to come this autumn. The...