The average five-year fixed mortgage rate is now 4.97%, down from 5.91 % a year ago; and the average two-year fixed...
Archive
![Mortgage rate hitting affordability and hurting market](/upload/images/shutterstock_2367412269(2).jpg)
The Nationwide has calculated that house buyers with mortgages are now pay far above the long term average. The lender, in its...
03 July 2024
From: Breaking News
![Warning from Bank of England - mortgage payments up for millions](/upload/images/23%2008%2024%202%20shutterstock_1718282725.jpg)
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
![First Time Buyer mortgage costs soar](/upload/images/Shutterstock-only%20images/Property%20Market/1-HousePriceRising.png)
A new first-time buyer study from Rightmove reveals that the average first-time buyer mortgage payment has risen by 61% since the...
26 June 2024
From: Breaking News
![Bank of England slammed for interest rate attack on homeowners](/upload/images/24%2006%2019%20%2001.jpg)
The Bank of England has been sharply criticised for an “attack on homeowners” due to its refusal to cut rates. The Monetary...
19 June 2024
From: Breaking News
![Mortgage Costs make buying in much of London hugely dearer than renting](/upload/images/24%2005%2020%20%2004.jpg)
Londoners looking to buy a home can expect to spend 42% more on monthly mortgage payments than tenants pay on rent,...
20 May 2024
From: Breaking News
![Landlords Make Radical Mortgage Changes to Ease Rising Costs](/upload/images/24%2005%2015%20%2002.jpg)
Many buy to let landlords have made financial changes during the cost of living crisis to mitigate the rising costs of...
15 May 2024
From: Breaking News
![Warning of missed mortgage payments growing in number](/upload/images/24%2004%2029%20%2004.jpg)
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
![Growing Mortgage Arrears set off alarm bells for leading analyst](/upload/images/24%2003%2020%20%2002.jpg)
New Mortgage Lenders and Administrators statistics for Q4 2023 paint a very worrying picture of the mortgage market. That’s the view of...
20 March 2024
From: Breaking News
![Tide Is Turning: fewer people worried about mortgage repayment costs](/upload/images/24%2003%2020%20%2005.jpg)
Fewer people are concerned about paying their mortgage and fewer believe mortgage affordability is a barrier to home buying. That’s the verdict...
20 March 2024
From: Breaking News
![Negative effects of mortgages on housing market “overstated” - claim](/upload/images/24%2001%2029%2005.jpg)
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
![Revealed - demographic finding it hardest to pay off a mortgage](/upload/images/24%2001%2010%2004.jpg)
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
![Building Societies warn on mortgages: “We’re not out of the woods yet”](/upload/images/23%2012%2027%203.jpg)
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](/upload/images/23%2012%2020%202.jpg)
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
![Twenty straight weeks of small but important rate drops](/upload/images/23%2012%2018%201.jpg)
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
![Rightmove’s Weekly Mortgage Tracker shows more falls](/upload/images/23%2011%2027%2002.jpg)
The average five-year fixed mortgage rate is now 5.21%, down from 5.62% a year ago The average two-year fixed mortgage rate is...
27 November 2023
From: Breaking News
![Cost of living crisis triggers wildly diverse Mortgage product demand](/upload/images/__thumbs/2023%2011%2022%203.jpg/2023%2011%2022%203__400x267.jpg)
New data from Legal & General - based on searches to its Ignite platform - suggests a diverse mortgage market during...
22 November 2023
From: Breaking News
![Amazing interest-free mortgage help scheme introduced by government](/upload/images/__thumbs/23%2011%2013%204%20shutterstock_2348525463.jpg/23%2011%2013%204%20shutterstock_2348525463__400x247.jpg)
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
![Mortgage arrears soar in UK according to global credit service](/upload/images/__thumbs/23%2011%2006%202.jpg/23%2011%2006%202__399x266.jpg)
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
![Interest Rates Are Redefining Housing Market - Nationwide](/upload/images/__thumbs/23%2010%2011%2001%20by%20Graham%20Norwood.jpg/23%2010%2011%2001%20by%20Graham%20Norwood__400x267.jpg)
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
![Average Mortgage Rates Continue To Drop](/upload/images/__thumbs/23%2010%2009%2002%20by%20Graham%20Norwood.jpg/23%2010%2009%2002%20by%20Graham%20Norwood__400x267.jpg)
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
![Millions of Borrowers Struggle with Mortgage Payments](/upload/images/Shutterstock-only%20images/Property%20Market/MortgageCalculated1_400x310.png)
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
![Carry on Partying! High mortgage costs fail to deter good-time Londoners](/upload/images/__thumbs/23%2009%2027%203.jpg/23%2009%2027%203__400x267.jpg)
A consumer platform claims almost half of Londoners’ income goes on their mortgage or rent, with a third saying they pay...
27 September 2023
From: Breaking News
![Financial Services Firms set up Landlord Support Body](/upload/images/23%2009%2013%204.png)
A body called the Landlord Leaders Community is pledging “to drive positive change for a sustainable and thriving private rented sector.” Set...
13 September 2023
From: Breaking News
![Six Weeks of Rate Cuts - and strong hopes of more to come soon](/upload/images/__thumbs/23%2009%2011%201.jpg/23%2009%2011%201__400x267.jpg)
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
![Reach Out! New public awareness campaign launched by lenders](/upload/images/4%20WomanSavingMoney_400x310.png)
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
![Mortgage Relief - UK banks can withstand the next economic crisis](/upload/images/3%20BankofEngland_4-400x310.png)
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
![Mortgage arm of property business runs contest to win new business](/upload/images/5%20shutterstock_309559970.jpg)
The OneDome Group, which for 20 years has operated its CMME Mortgages service, is launching a new consumer campaign in the...
11 July 2023
From: Breaking News
![UK Finance reminds lending sector of obligations](/upload/images/4%20BalancingPercentages-400x310.png)
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
![Property expert gives his verdict on new mortgage products](/upload/images/__thumbs/Property%20expert%20gives%20his%20verdict%20on%203%20mortgage%20products.jpg/Property%20expert%20gives%20his%20verdict%20on%203%20mortgage%20products__400x267.jpg)
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
![MPowered Mortgages strengthened with a launch of 85% LTV mortgages](/upload/images/Shutterstock-only%20images/Property%20Market/MortgageApplyNow_400x310.png)
The FinTech mortgage lender using AI to simplify the mortgage journey for homebuyers and re-mortgagers, MPowered Mortgages, has recently expanded its...
13 October 2022
From: Breaking News
![Property forecast - mortgage repayments are predicted to rise by £300 per month](/upload/images/Shutterstock-only%20images/Property%20Market/HousePriceRising_400x310.png)
New research by specialist property lending experts, Octane Capital, shows that monthly mortgage payments could increase by £300 each month. Homebuyers coming to...
06 October 2022
From: Breaking News
![Oh dear! Mortgage payments see second largest increase](/upload/images/Shutterstock-only%20images/Property%20Market/MortgageCalculated1_400x310.png)
Not the best news for the property sector, as the latest research by Revolution Brokers, shows that the monthly cost of...
06 October 2022
From: Breaking News
![Insight - How a tax refund can tackle the cost of living](/upload/images/Back-link-images/calculator_hand.png)
There seems to be some light at the end of the tunnel for UK citizens regarding tax as research from RIFT...
22 September 2022
From: Breaking News
![Utility bills set to reach one third of mortgage payment costs](/upload/images/library/UtilitiesBills-WideInArticle.jpg)
According to new research by online brokerage service, Revolution Brokers, the energy price cap increase set to begin in October will...
13 September 2022
From: Breaking News
![Everything you need to know about the cost-of-living crisis and your property](/upload/images/Housing%20Market%20%26%20Property%20Images/HousingCrisis-400x310.jpg)
Every day on the news we hear more and more about the ever-mounting cost-of-living in the UK, and households are now...
16 August 2022
From: Breaking News
![Insight - Bank of England drops mortgage affordability tests](/upload/images/Housing%20Market%20%26%20Property%20Images/360x280%20Bank%20Sponsored%20Content%20September.jpg)
A recent change in mortgage rules that required lenders to check whether homeowners could afford repayments at higher interest rates has...
23 June 2022
From: Breaking News
![Home movers: Tips for spring cleaning your mortgage](/upload/images/Housing%20Market%20%26%20Property%20Images/MillennialAgent-Tech-400x310.jpg)
As the weather begins to warm up, many will be starting to think about giving their homes a seasonal spring clean....
05 April 2022
From: Breaking News
![Addressing the UK’s homelessness crisis as the eviction ban ends](/upload/images/Housing%20Market%20%26%20Property%20Images/Homeless-1-400x310.jpg)
The housing industry, like many other sectors, experienced a tumultuous 2021 as the pandemic continued to trigger exponential house price rises....
03 March 2022
From: Breaking News
![Homebuyers: How could an interest rate rise affect you?](/upload/images/Housing%20Market%20%26%20Property%20Images/House-in-Hand-400x310.jpg)
With the interest rate rising from 0.25% to 0.5%, Brian Murphy, head of lending at Mortgage Advice Bureau, shares his top tips homeowners...
22 February 2022
From: Breaking News
![Don’t let the heart rule the head when buying a house - tips from Together](/upload/images/library/CoupleMovingHome-400x310.jpg)
Scott Clay at Together - the specialist lender - has shared a few tips for couples considering buying their first home...
15 February 2022
From: Breaking News
![Homeowners – how could an interest rate rise affect you?](/upload/images/library/interest-rate-warning-24715.png)
With the Bank of England raising interest rates for the first time in more than three years, Brian Murphy, head of lending...
23 December 2021
From: Breaking News
![Just 25% of lenders currently offer green or net-zero mortgages](/upload/images/Energy%20and%20Green%20Homes/GreenEnvironment-400x310.png)
COP26 saw ambitious global net-zero targets being promised and industries are having to adapt to meet the national targets. Mortgage Advice...
16 December 2021
From: Breaking News
![Homeowners – five cost-cutting steps for mortgage repayments](/upload/images/library/MillennialPayingLaptop-400x310.jpg)
Nisha Vaidya, mortgage expert at Uswitch, explains how homeowners can use low-interest rates to their advantage and help make their mortgage more...
28 October 2021
From: Breaking News
![Furlough phase out – what to do if you can’t pay your mortgage](/img/default/it.png)
As furlough support has begun to phase away from July 1 2021, there is still concern that this could lead to...
15 July 2021
From: Breaking News
![Mortgage market levels out as adviser search activity surges in May](/img/default/it.png)
The latest mortgage search activity data from Legal & General Mortgage Club (L&G) shows signs that the market is beginning to...
17 June 2021
From: Breaking News
![Revealed – the cheapest countries to own a home around the world](/img/default/it.png)
Mortgage borrowing in the UK has now reached its highest level since 1993, with home buyers looking to make the most...
11 May 2021
From: Breaking News
![One in four homeowners miss mortgage payments – study](/img/default/it.png)
Some 26% of homeowners, or those buying a property, have missed a mortgage payment due to falling ill or having an...
23 March 2021
From: Breaking News
![Mortgage roundup – going green, secured loans and lowered rates](/img/default/it.png)
Newbury Building Society has introduced a GoGreen Reward incentive to its self-build mortgage to encourage homebuilders to make conscious sustainable choices. The...
23 March 2021
From: Breaking News
![Revealed – cities with the most and least hours needed to pay off a mortgage](/img/default/it.png)
It can seem like a lifetime to reach the final instalment of a mortgage payment. But where in the UK will...
19 January 2021
From: Breaking News
![Zephyr Homeloans launches online service for customers](/img/default/it.png)
Specialist buy-to-let lender Zephyr Homeloans has introduced an online self-serve platform to allow customers to manage their mortgage account online 24/7. Landlords can use...
12 January 2021
From: Breaking News
![Mortgage expert – buyers must act now before stamp duty cut ends](/img/default/it.png)
A mortgage advisor is urging prospective buyers to act now before the stamp duty holiday comes to an end. Matt Colley, director...
19 November 2020
From: Breaking News
![Anti Covid-19: Dudley BS takes measures to help existing customers](/img/default/it.png)
Dudley Building Society has taken steps to ensure its service for introducers and their customers will be maintained during the current...
24 March 2020
From: Breaking News
![BrokerSense launches buy-to-let mortgage calculator](/img/default/it.png)
The UK’s first buy-to-let mortgage calculator of its kind has officially been launched by BrokerSense, the provider of specialist mortgage calculators...
07 August 2019
From: Breaking News
![Advisers need to take a second-time approach in the protection market, says broker](/img/default/it.png)
Mortgage broker CLS Money is targeting protection advice as a vital part of its growth strategy in 2019. The Essex-based company also...
01 February 2019
From: Breaking News
![Hanley Economic BS changes criteria across near prime product range](/img/default/it.png)
Hanley Economic Building Society has introduced two criteria changes across its near prime product range. Borrowers who have been in a Debt...
10 May 2018
From: Breaking News
![Skipton brings forth new fixed rate mortgages and rate reductions](/img/default/it.png)
Two new seven-year fixed rate mortgages and rate reductions of up to 0.10% have been introduced to Skipton Building Society’s residential...
28 November 2017
From: Breaking News
![Freedom Finance launches new campaign against rising future interest rates](/img/default/it.png)
Freedom Finance has urged UK families to examine their finances after revealing that an average mortgage bill could increase more than...
18 September 2017
From: Breaking News
![Mortgage arrears and possessions fall again during second quarter](/img/default/it.png)
The number of mortgages in arrears has declined in the second quarter (Q2) of this year, being the lowest level since...
16 August 2017
From: Breaking News
10 May 2017
From: Breaking News
![Average landlord LTVs continue to fall, reports Paragon](/img/default/it.png)
Gearing amongst landlords remained low in the first quarter of the year, according to Paragon Mortgages, with the average loan-to-value (LTV)...
07 April 2017
From: Breaking News
![The fall in ownership – it’s about affordability rather than the cost of mortgages](/img/default/it.png)
Data published this week by the Resolution Foundation confirms the continuation of the downward trend in home ownership in the UK. Since 2003...
04 August 2016
From: Breaking News
![Nine out of 10 opt for fixed rates](/img/default/it.png)
Nine out 10 borrowers are opting to fix their mortgages despite little sign of forthcoming base rate hike. Historically low mortgage interest...
26 May 2016
From: Breaking News
![Buy-to-let mortgage crackdown ‘disregards renters’](/img/default/it.png)
Government-backed plans to impose new restrictions on the availability of buy-to-let mortgages are likely to be bad news for tenants. That is...
05 May 2016
From: Breaking News
![Ability to buy a home improves](/img/default/it.png)
The ability to buy an average home in England and Wales improved everywhere last year except in the South East. First-time buyers...
22 February 2016
From: Breaking News
![High-LTV lending slumps again](/img/default/it.png)
First-time buyers with relatively small deposits are finding it increasingly hard to get on the property ladder, new research shows. The typical...
15 September 2015
From: Breaking News
![Homeowners unprepared for interest rate rise](/img/default/it.png)
Homeowners with variable rate mortgages remain dangerously exposed to rising interest rates, new research suggests. Three out of four homeowners on a...
08 September 2015
From: Breaking News
![Lloyds offers early Christmas mortgage bonus](/img/default/it.png)
Lloyds Bank is looking to spread some early seasonal cheer with its latest remortgage offer. It will refund a standard monthly mortgage...
21 July 2015
From: Breaking News
![Mortgage affordability rises sharply](/img/default/it.png)
Mortgage affordability for people who want to buy a home has hit its highest level for six years. Just one in three...