There’s been an angry reaction to news that from today - March 18 - Halifax is changing the maximum age allowed...
Archive
18 March 2024
From: Breaking News
The average shelf-life of a mortgage product is just 15 days, with lenders increasing fixed rates, says Moneyfacts. Average mortgage rates on...
18 March 2024
From: Breaking News
Some 40% of residential landlords with a mortgage - fixed, tracker or discount - are due to renew their mortgage rate...
18 March 2024
From: Breaking News
The ‘average’ 25 year mortgage term is increasingly becoming a thing of the past says USwitch. A recent study of the data...
13 March 2024
From: Breaking News
April Mortgages has struck a deal for new technology to help it introduce Dutch-style loans into the UK. The new mortgage type...
11 March 2024
From: Breaking News
The Intermediary Mortgage Lenders Association has given the thumbs down to the Budget of Chancellor Jeremy Hunt. The trade body was disappointed...
11 March 2024
From: Breaking News
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
The estate agents’ trade body has made the unexpected move of calling on banks to cut mortgage rates. Rates are typically decided...
06 March 2024
From: Breaking News
Experts have lashed out at lenders who reprice products, sometimes with just a few hours’ notice. And many suggest that lenders are...
04 March 2024
From: Breaking News
Last week Halifax - previously an outlier amongst major lenders - announced it was raising rates, following the likes of Santander,...
04 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
The Financial Conduct Authority is working with 12 lenders and administrators to probe the interest-only mortgage market. The number of IO and...
28 February 2024
From: Breaking News
A survey of 2,000 adults by lender Together sheds light on parental help for first time buyers. It shows that a fifth...
28 February 2024
From: Breaking News
Halifax moved entirely in the opposite direction to its rivals at the very end of last week, cutting rates instead of...
26 February 2024
From: Breaking News
It’s been a torrid time for rates, going back up for HSBC, Santander, TSB, Virgin Money, NatWest and many other mainstream...
26 February 2024
From: Breaking News
NatWest has made changes to its product ranges for both new business and existing customers. New borrowers can expect a rate increase...
19 February 2024
From: Breaking News
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
The latest Mortgage Market Tracker report from the Intermediary Mortgage Lenders Association reveals that confidence has returned to the mortgage market,...
14 February 2024
From: Breaking News
There were 12,000 first time buyers over the age of 50 in the UK in 2022, the latest figures available. This means that...
14 February 2024
From: Breaking News
Lenders’ trade body UK Finance wants the government to use next month’s Budget to announce a new Help to Buy scheme...
14 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
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
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
The vast majority of high net worth individuals have faced mortgage rejections and had to accept lower loan-to-value ratios than they...
05 February 2024
From: Breaking News
Banks are reporting that default rates increased in the final quarter of 2023, albeit more slowly than the quarter before -...
22 January 2024
From: Breaking News
HM Land Registry says it’s working with mortgage lenders to ensure they will no longer need to chase conveyancers for updates...
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
The war between rival mortgage lenders continues with Halifax late last week undertaking its second re-price of the year (and it’s...
15 January 2024
From: Breaking News
Latest Bank of England data released in recent days shows net mortgage approvals for house purchases rose from 47,900 in October...
08 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
Three high street lenders - Virgin Money, TSB and Skipton Building Society - have joined the commitment to offer mortgages on...
03 January 2024
From: Breaking News
Falling swap rates - already falling over the past month - have dropped further following better-than-expected inflation news, triggering speculation over...
27 December 2023
From: Breaking News
A warning has been given to borrowers and the home owning public by Paul Broadhead, head of mortgage and housing policy...
27 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
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
More lenders have green mortgage deals on the market now compared to a year ago, according to the Mortgage Advice Bureau. Some...
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
Saga, the provider of products and services for the over-50s, has teamed up with digital broker Tembo to launch Saga Mortgages. The...
11 December 2023
From: Breaking News
Some 40 per cent of self-employed individuals think lenders need to be more understanding when it comes to those with complex...
11 December 2023
From: Breaking News
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
Hodge is removing height restrictions from its lending criteria, meaning it will accept applications for mortgages on homes in England that...
06 December 2023
From: Breaking News
Lenders are offering more fixed deals with incentives since the start of last month - November - but analysis by Moneyfactscompare...
04 December 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
New data from Legal & General - based on searches to its Ignite platform - suggests a diverse mortgage market during...
22 November 2023
From: Breaking News
Many of the country’s major lenders - and quite a few smaller ones, too - have slashed mortgage rates in response...
20 November 2023
From: Breaking News
Lenders’ trade body UK Finance says there were 11,540 buy to let mortgages in arrears of 2.5 per cent or more of...
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
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
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
Jo Breeden, managing director of Crystal Specialist Finance, writes: In his recent speech, the Prime Minister scrapped the proposed changes to EPC...
30 October 2023
From: Breaking News
A range informal media briefings on behalf of the UK government suggest that an extension of the current mortgage guarantee scheme...
30 October 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
A residential mortgage lender is using AI to help brokers attract more customers as well as engage existing customers. MPowered Mortgages says...
25 October 2023
From: Breaking News
A host of lenders have announced cuts to their rates in recent days, with Halifax arguably the most significant. It’s launched three-year...
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
It’s now the tenth week that average rates of dropped, as the slow but steady downward trend of fixed-mortgage rates continues. As...
09 October 2023
From: Breaking News
Is the mortgage price war really over? On the one hand there are good signs for the housing market - no substantial...
09 October 2023
From: Breaking News
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...
09 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 number of three-year fixed mortgage products available from lenders has been rising over the last few months as borrowers coming...
02 October 2023
From: Breaking News
Atom bank has announced a partnership with climate tech business Kamma to give “an unparalleled view on both the physical and...
02 October 2023
From: Breaking News
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...
25 September 2023
From: Breaking News
New analysis of personal guarantee requests from lenders for Limited Company Buy to Let mortgage, has found that the average personal...
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
After six consecutive weeks of mortgage rate reductions - and the expectation of more soon - there are hopes of sub-5.0...
11 September 2023
From: Breaking News
This week sees the start of Mortgage Vision, the free regional mortgage industry roadshow. Now in its 15th year, Mortgage Vision opens...
11 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
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...
04 September 2023
From: Breaking News
A study of 7,000 people by a specialist predicts the UK specialist residential mortgage market will treble to £16 billion by...
04 September 2023
From: Breaking News
There’s been a flurry of rate cuts from lenders serving all sector of the market as a battle begins for market...
28 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
Brokers are up in arms about alleged profiteering by buy to let mortgage lenders’ arrangement fees. These jumped last autumn as a...
23 August 2023
From: Breaking News
There is speculation that the recent spate of figures from the UK economy may prompt a war between mortgage providers as...
21 August 2023
From: Breaking News
The latest Mortgage Market Tracker from the Intermediary Mortgage Lenders Association shows surprisingly upbeat market sentiment among advisers during the second...
21 August 2023
From: Breaking News
A financial service trading statement by a major player this week highlights the issues facing the industry. LSL is one of the...
08 August 2023
From: Breaking News
The Bank of England’s latest base rate rise - up 0.25 per cent to 5.25 per cent - has been poorly...
08 August 2023
From: Breaking News
A new survey of 2,000 UK adults has revealed that 50 per cent of those who have applied for a mortgage...
01 August 2023
From: Breaking News
New Freedom of Information data from the FCA - gathered by Quilter, the wealth manager and financial adviser - reveals that...
01 August 2023
From: Breaking News
From this week the banking and finance industry’s Reach Out campaign will be seen across out-of-home advertising, radio, print and digital,...
01 August 2023
From: Breaking News
A new survey of 2,000 UK adults has revealed that 66 per cent of mortgage holders believe greater flexibility is needed...
25 July 2023
From: Breaking News
After the interest rate volatility, impact on product availability and consequent pressure on advisers, the Intermediary Mortgage Lenders Association and Association...
18 July 2023
From: Breaking News
The Bank of England’s latest stress test of the financial system suggests that UK's eight largest lenders could survive a worst...
18 July 2023
From: Breaking News
Lenders have reported the UK's biggest increase in mortgage defaults since 2009 - and they expect worse to come this autumn. The...
18 July 2023
From: Breaking News
Saffron for Intermediaries has launched a campaign to help and support broker partners get more self-employed mortgage applications approved first time...
18 July 2023
From: Breaking News
Research published by the Home Builders Federation shows that the new homes owners will save an average of £135 on monthly...
11 July 2023
From: Breaking News
Legal & General has launch a refreshed version of its mortgage research and sourcing platform, Legal & General Ignite. The upgraded platform...
11 July 2023
From: Breaking News
Mortgage approvals rose by just over three per cent from 49,000 in April to 50,500 in May according to new Bank...
04 July 2023
From: Breaking News
Companies representing some 85 per cent of all mortgage lending have signed up to a new charter. The lenders claims they have...
04 July 2023
From: Breaking News
Trade body UK Finance has issued a timely reminder to the mortgage lending sector of its obligations to borrowers struggling following...
27 June 2023
From: Breaking News
There’s almost complete unanimity amongst analysts that this week will see yet another Bank of England base rate rise - and...
20 June 2023
From: Breaking News
The Intermediary Mortgage Lenders Association wants the government to give additional support to landlords It says the cumulative effects of regulatory and...
20 June 2023
From: Breaking News
Support appears to be growing for a campaign to improve lender communication and increase the notice given about withdrawn mortgage products. Brokers...
13 June 2023
From: Breaking News
Mortgage lenders and brokers have rarely had a higher profile than right now, when they are seen as key to the...
13 June 2023
From: Breaking News
A new analysis by Moneyfactscompare - perhaps still better known by its old name, Moneyfacts - shows precisely how many mortgage...
06 June 2023
From: Breaking News
After the latest rise in Bank of England Base Rate, mortgage lenders are offering new products to help those struggling to...
23 May 2023
From: Breaking News
There’s a growing optimism about the outlook for the mortgage market, according to the latest Mortgage Market Tracker report from the...