Some 40% of residential landlords with a mortgage - fixed, tracker or discount - are due to renew their mortgage rate...
Archive
Kensington Mortgages has lowered rates and reduced arrangement fees across selected 90 and 95 per cent Loan To Value products. For its...
13 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
A new study has revealed the best and worst UK regions for first-time buyers based on house affordability and earning potential. The...
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
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
A building society has launched a pilot project banning mortgage lending on holiday lets in two tourist areas for 12 months. Leeds...
06 March 2024
From: Breaking News
Shared ownership has given the new-build division at national brokerage Just Mortgages a bumper start to 2024. New build leads and enquiries...
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
Hodge has made significant changes to its 50+, Retirement Interest Only (RIO) and Holiday Let Mortgage property criteria. The updates include the...
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
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
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
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
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
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
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
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
Just under half of mortgage brokers expect to place more limited company buy-to-let business throughout the next 12 months, Paragon Bank...
31 January 2024
From: Breaking News
MPowered Mortgages is changing its lending criteria for Tier 2, high-skilled foreign nationals across its range of products. It says this forms part...
31 January 2024
From: Breaking News
National brokerage Just Mortgages has opened nominations for its new leadership programme, which it claims is “designed to find and develop...
31 January 2024
From: Breaking News
London estate agency Foxtons says its latest survey shows a major uptick in the confidence of potential sellers. While 38 per cent...
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
Mortgages for Business is rebranding to Mortgage Finance Brokers, or MFB. A statement from managing director Gavin Richardson says: “It’s now a...
24 January 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
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
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
A high proportion of first time buyers take advantage of some form of assistance when purchasing their initial home. That’s the verdict...
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
Awareness of green mortgages is dipping among buyers, according to new research. Almost two thirds of mortgage advisers say their clients have...
10 January 2024
From: Breaking News
The so-called Generation X - those born between 1965 and 1980 - are finding it hardest to pay off their mortgage,...
10 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
Two organisations have joined forces to create a new platform dedicated to providing holiday let mortgages. Holiday Cottage Handbook Financial Services claims...
08 January 2024
From: Breaking News
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
Some 74 per cent of residential buy to let landlords feel confident about the performance of the property market over the...
03 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
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
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
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
National brokerage Just Mortgages hits the road in the New Year with roadshows to support its self-employed advisers. The in-person events are...
20 December 2023
From: Breaking News
Since the peak in July, the average five year fixed mortgage rate has reduced from 6.11 to 5.07 per cent while...
18 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
Two-year fixed rate mortgages have dipped below six per cent for the first time since June this year. Back in June there...
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
Some 20 per cent of first time buyers are snapping up mortgages of 35 years or more according to UK Finance. In...
13 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
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
Accord Mortgages is cutting rates on its buy-to-let range in what it calls a bid to “offer better value to brokers...
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
Karis Capital is launching as what it calls “a premier real estate debt advisory firm with plans to redefine how developers...
11 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
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
Rightmove is launching its first broker product, which will allow customers to access mortgage advice through the property website. The portal,...
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
Just Refer, a new referral portal for national brokerage Just Mortgages and financial services arm Just Wealth, has supported brokers in...
27 November 2023
From: Breaking News
Following analysis of its 2023 buy to let mortgage market data, Twenty7tec has reported a significant fall in searches for buy...
20 November 2023
From: Breaking News
Shawbrook Bank has seen a dramatic reduction in the time to process buy to let mortgage offers since rewriting legacy software...
20 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
A new personal guarantee insurance protection service has been launched for professional landlords - triggered by a surge in incorporation. Purbeck Personal Guarantee...
15 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
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
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
Global credit intelligence provider Pepper Advantage, which has a 100,000+ UK residential mortgage portfolio, says arrears in this country have seen...
06 November 2023
From: Breaking News
Tomorrow’s King’s Speech, setting out the legislative agenda for the coming year, looks certain to include leasehold reform - and the...
06 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
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
Molo, which calls itself the UK’s first fully digital mortgage lender, has launched a Non-Resident Buy-to-Let Mortgages, unlocking investment opportunities for...
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
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
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
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
There are growing fears of yet another Bank of England base rate rise next month following the surprise inflation figure released...
23 October 2023
From: Breaking News
Two prominent UK house builders have warned of sharply reduced volumes in the next year or so as buyers struggle to...
23 October 2023
From: Breaking News
A new analysis of the UK’s buy to let mortgage market shows just how much it’s grown over the past decade,...
18 October 2023
From: Breaking News
A Bank of England report has expressed concern at the number of homeowners - especially young first time buyers - taking...
18 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
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
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...