x
By using this website, you agree to our use of cookies to enhance your experience.
KEYWORD "Mortgages" - 100 RESULTS
Revealed - the latest trends in UK lending and borrowing

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

Top Three Lenders invest in improved house buying process

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

15 April 2024

From: Breaking News

First Monthly House Price Fall for Six Months

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

Housing Market shows sign of improvement despite high rates

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

Going Down - Mortgage advisers sentenced over £3m fraud

Mortgage advisers Larry Barreto and Tassib Hussain have been sentenced for fraud offences following a prosecution brought by the Financial Conduct...

10 April 2024

From: Breaking News

Buy To Let Crisis - lending plummets and arrears soar

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

08 April 2024

From: Breaking News

Building Society’s tiered approach to Interest Cover Ratio

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

08 April 2024

From: Breaking News

How Much Will Mortgage Rates Affect The Housing Market?

Recent economic data was reassuringly predictable. We learned that core inflation fell by fractionally more than expected while services inflation proved slightly...

04 April 2024

From: Breaking News

April Mortgage’s long-term deals win additional exposure

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

Jury’s Out - Is the YBS 99% mortgage a good idea?

Yorkshire Building Society new fee-free offer will enable first-time buyers across England, Scotland or Wales with a £5,000 deposit to purchase...

02 April 2024

From: Breaking News

Bank of England Base Rate Cut - when will it happen?

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

02 April 2024

From: Breaking News

Massive importance of Private Rental Sector revealed in new report

Some of the biggest names in the trade, lending and advisory sectors have produced a report outlining the vast significance that...

27 March 2024

From: Breaking News

Mortgage Reforms urged to boost Home Ownership

A think tank is urging the UK government to initiate mortgage market reforms to promote higher home ownership. The Social Market Foundation...

27 March 2024

From: Breaking News

Building Society defends using humans, not algorithms, to decide mortgages

Leek Building Society has used its annual report and publication of accounts to mount a stout defence of its methodology regarding...

25 March 2024

From: Breaking News

Many landlords to end fixed-rate deals soon, says lender

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

 Kensington reduces rates and fees on selected products

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

New analysis shows link between rates and longer mortgage terms

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

Brokerage survey gives surprise result for first time buyers’ affordability

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

Tech-boost for Dutch-style mortgage provider entering the market

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

Budget Day - Rightmove pours cold water on 99% mortgage idea

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

Building society bans mortgages on holiday let properties

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

Just Mortgages reports soaring interest in emerging new build sector

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 slam lenders for ultra-short notice repricing of mortgage products

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

Was Halifax rate reduction just a cynical marketing ploy?

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

BTL fixed rates plummet as product choice rises again

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 announces changes to 50+, Retirement and Holiday Let products

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

FCA launches working group to probe interest-only mortgages

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

Mortgage volumes plummet for older borrowers

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

Will stable inflation prompt a rate cut? Or will the Bank stick?

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 rates up and plenty of others to follow - warning

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

Virgin Money sees long-term mortgage improvements despite recent dip

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

Revolutionary new mortgage product sees rates fall as LTV improves

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

Worrying rise in mortgage arrears and repossessions - new data

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

Lender’s internal data reveals shocking fast-growing arrears

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

Falling house prices and big mortgages – three major risks

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

Mortgage Market Bounce drives housing market recovery

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

Vast majority of High Net Worth Individuals suffer mortgage rejections

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

First Time Buyers less reliant on parents for raising deposits - research

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

Boost In Buy To Let Lending expected this year say brokers

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

Lender revamps lending criteria for high-skilled foreign nationals

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

Just Mortgages reveals details of its leadership programme

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

All To Play For - Seller confidence soars for 2024

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

Growing interest in longer-term mortgages - but borrowers pay dearly…

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

Negative effects of mortgages on housing market “overstated” - claim

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 announces rebrand after 34 years

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

Mortgage defaults jump - and there may be worse to come

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

First Time Buyers may get 25 year fixed term mortgages under Labour

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

No more progress chasing for lenders, pledges HM Land Registry

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 chief warns of ‘future shocks’ derailing recovery

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

First Time Buyers and mortgages - new study shows the help they get

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

Building Society warns it may stop lending on holiday lets

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 plummets - new figures

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

Revealed - demographic finding it hardest to pay off a mortgage

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

Demand for Mortgages Soars as rates war draws in applicants

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

New Mortgage Platform aims to grab share of growing investor market

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

Tories float plan for more long-term mortgages to boost house buying

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

Buy To Let Turning A Corner? Confidence grows says mortgage chief

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

Landlords hit hard by Soaring Mortgage Costs - new data

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

More Lenders offer Mortgages on Homes hit with Building Safety issues

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

Building Societies warn on mortgages: “We’re not out of the woods yet”

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

2024 - forecasts on lending, buy to let, arrears and possessions

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

Falling swap rates indicate lower mortgage rates - eventually

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

Alarm Bells Ring as mortgage arrears shoot upwards

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

Five-day roadshow begins for self-employed advisers

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

Twenty straight weeks of small but important rate drops

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

Interest Rates - year ends on optimistic note as brokers hope for better 2024

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

Going Green - more eco-mortgages on the market now than a year ago

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 sub-6%: A housing market boom?

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

Landlords to expand portfolios in 2024 despite huge increase in costs

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

Big Rise for 35-year-plus mortgages amongst first time buyers

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

Unpredictable interest rates could spell upheaval for housing market

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 launches mortgage service in bid to be ‘over 50s one stop shop’

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 cuts rates on buy to let range

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

Plea to lenders to understand more complex mortgage applicants

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

New advisory service seeks to “redefine real estate finance”

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

Grinch! No Christmas cheer in Q3 UK Finance sentiment survey

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

Mortgage industry’s low LTVs blamed for homes being empty

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

Lender aims high by scrapping height restriction from lending criteria

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 launching its first broker mortgage product

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’s slashed rates means price war goes on to end of year

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

FinTech: New Referral Portal passes 400-client threshold

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

Pressure on Hunt to deliver mortgage help for landlords this week

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

FinTech triggers dramatic reduction in mortgage processing time by bank

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

Lender warns rates must drop further and faster to boost housing market

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

Mortgage insurance initiative aimed at professional landlords at risk

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

Amazing interest-free mortgage help  scheme introduced by government

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

Buy To Let mortgage arrears start to rise

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

Unique mortgage affordability tool launched by digital broker

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

Dire borrowing and credit data from Bank of England

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

Equity Release begins long haul back to normal market conditions

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

Mortgage arrears soar in UK according to global credit service

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

King’s Speech This Week - leasehold reform backed by mortgage bosses

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

Base Rate on Hold - what it means for mortgages

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

Mortgage Guarantee Extension in package of first time buyer help

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

Innovative buy to let mortgage product launched by digital lender

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

Interest Only - another surge in demand online

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

Artificial Intelligence deployed to help brokers attract new business

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

Record mortgage debt repayments as equity release “changes market”

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

Halifax Heads Cluster of Lenders Scrambling for Business

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

Mortgage Crisis for Landlords With 40% Higher Payments

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

MovePal MovePal MovePal