Archive

The lenders’ trade body, UK Finance, has published a report examining why some landlords are falling into mortgage arrears and why...

Paragon Bank is offering four new limited edition buy to let mortgages, with two products suitable for landlords with three or...

NatWest has announced it will introduce new Airbnb-friendly mortgage terms that embrace home sharing via short lets. And now Airbnb wants...

A left-wing academic is suggesting that the new UK Labour government should emulate the US and introduce life-long fixed-rate mortgages. Some 90...

The availability of deals at 95% loan-to-value has risen to its highest point in over two years.  Overall, it was the fifth...

It appears that Metro Bank has resuscitated a plan to sell much of its mortgage book after being rescued from potential...

Almost a quarter of prospective homebuyers plan to make their homes more energy efficient in the hope of securing more favourable...

The Nationwide has calculated that house buyers with mortgages are now pay far above the long term average. The lender, in its...

Fewer than half (46%) of potential first-time buyers believe this week’s General Election will improve their buying prospects, despite manifesto pledges. Labour...

Some 3m UK households are to be hit with further increases in mortgage repayments over the next two years, the Bank...

Data from UK Finance suggests that interest-only mortgage holders are showing no obvious signs of distress despite interest rates remaining high.  There...

HSBC has made extensive cuts to rates levied on a vast range of residential and buy to let mortgages, coming into...

The West Brom - the UK’s seventh largest building society - is now offering a range of fixed rate mortgages to...

There’s been particularly sharp criticism for the Bank of England’s decision at the end of last week to hold base rate...

Interest rates for borrowers have been volatile over the past six months, despite no change to the Bank of England base...

The Bank of England has been sharply criticised for an “attack on homeowners” due to its refusal to cut rates. The Monetary...

Overall, the total value of the UK housing market contracted by 21% in the year to March 2024, on the back...

A number of major mortgage lenders have announced rate increases just as the election campaign enters its second half. Barclays has increased...

oneyfacts data reveals the average shelf-life of a mortgage has dropped to 15 days, down from 28 days a month prior. Month-on-month...

The mortgage market is resilient enough to endure temporary political uncertainty created by next month’s General Election. That’s the view of Jonathan...

Rightmove says there should be a review of mortgage affordability criteria undertaken by the next government. The portal’s mortgages expert Matt Smith...

Official Bank of England figures shows that net mortgage approvals for house purchases totalled 61,100 in April, little changed from 61,300...

Dudley Building Society has made its residential large loan mortgage range accessible to all brokers. Up until now, access to the building...

A Freedom of Information (FoI) request from a former pensions minister has revealed a significant increase in the proportion of home...

UK digital bank Chetwood Financial has completed the acquisition of the buy to let mortgage lender CHL Mortgages for Intermediaries from...

April Mortgages has launched its new unique house purchase mortgage range. Now all registered firms will be able to offer the entire...

There was a 13% increase in Q1 2024 of 56-65 year-olds searching for their first property compared to the same period...

LiveMore, the mortgage lender for people aged 50 to 90 plus, has launched a new up to 100% standalone debt consolidation...

The latest report from the Intermediary Mortgage Lenders Association (IMLA) reveals that intermediary confidence in the industry increased in Q1 2024. Some...

There was good news over the weekend as rates reductions announced late last week kicked in. Barclays has cut a number of...

Hinckley & Rugby Building Society has launched a range of mortgages to help skilled foreign workers in the UK own their...

Buy to let lender Landbay has enhanced its like-for-like remortgage range with new lower stress testing, alongside new rate reductions. For landlords...

Interest rates for borrowers have shown mixed signs of both rises and falls over the past six months. Moneyfactscompare has analysed...

UK Finance’s latest arrears and possessions data shows a modest three per cent rise in homeowner mortgages in arrears to 96,580...

Bank of England base rate has been held at 5.25% - where it has been for nine months. The Bank’s monetary policy...

HSBC has made a slew of changes and increases to its residential and buy to let mortgage products. The bank is introducing...

Research from independent mortgage monitor Moneyfactscompare suggests that building societies are working hard to support first-time buyers, for whom affordability has...

It might look like house prices have stabilised, staying relatively flat over the first four months of 2024, but at least...

The Hinckley & Rugby building society has announced two cuts to rates across its mortgage range in short order.  After rate cuts...

A report on there Bloomberg news agency suggests that the Nationwide Building Society is using new technology to identify areas at...

Aldermore is reintroducing a broader range of mortgages for owner occupiers. The lender says it wants to support often “overlooked customers” with...

Purplebricks has launched Purplebricks Mortgages Limited - taking over from the old Strike Financial Services brand.  A year ago the Strike online...

Several of the UK’s biggest lenders have raised rates on their mortgage products this week already, as speculation grows that the...

The mutual has announced a refresh of its product range to ensure it continues to meet the complex needs of today’s...

Lloyd’s pre-tax profits were just £1.6 billion between January and March, down from £2.3 billion for the same period last year. The bank...

Just Mortgages, one of the UK’s largest mortgage brokerages, is hosting its second broker academy of the year. The programme caters to...

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

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...

UK house prices grew in March on a quarterly basis, by 2.0%, with annual growth slowing to 0.3%, from 1.6% in...

UK house prices fell by 0.2% in March. Nevertheless, the annual rate of house price growth edged higher to 1.6% in...

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

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

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

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

Legal & General Mortgage Club has added April Mortgages to its lender panel, giving additional exposure to April’s long-term fixed-rate remortgage...

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

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

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

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

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

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

Kensington Mortgages has lowered rates and reduced arrangement fees across selected 90 and 95 per cent Loan To Value products. For its...

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

A new study has revealed the best and worst UK regions for first-time buyers based on house affordability and earning potential.  The...

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

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

A building society has launched a pilot project banning mortgage lending on holiday lets in two tourist areas for 12 months. Leeds...

Shared ownership has given the new-build division at national brokerage Just Mortgages a bumper start to 2024. New build leads and enquiries...

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...

Hodge has made significant changes to its 50+, Retirement Interest Only (RIO) and Holiday Let Mortgage property criteria. The updates include the...

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

There were 29,060 new mortgages taken out by older borrowers over 55 in the last three months of 2023 - down...

Diverse views have emerged from financial services figures in response to last week’s news that the headline rate of inflation remained...

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

High street bank Virgin Money UK says there is light at the end of the tunnel for mortgages and the housing...

There’s been widespread speculation that the UK is just weeks away from seeing the launch of a Dutch mortgage product with...

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...

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...

New research indicates that the Bank of Mum and Dad may not be as prevalent as it once was, with the...

Just under half of mortgage brokers expect to place more limited company buy-to-let business throughout the next 12 months, Paragon Bank...

MPowered Mortgages is changing its lending criteria for Tier 2, high-skilled foreign nationals across its range of products. It says this forms part...

National brokerage Just Mortgages has opened nominations for its new leadership programme, which it claims is “designed to find and develop...

London estate agency Foxtons says its latest survey shows a major uptick in the confidence of potential sellers.  While 38 per cent...

The number of mortgages with over 30-year terms sold to UK borrowers jumped 13 per cent in the year to end...

The negative effects of higher mortgage rates on affordability were overestimated throughout 2023 with house prices having dropped one one to...

Mortgages for Business is rebranding to Mortgage Finance Brokers, or MFB. A statement from managing director Gavin Richardson says: “It’s now a...

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

Shadow Chancellor Rachel Reeves says first time buyers could benefit from a "revolution in home ownership" with 25-year fixed-rate mortgages. Reeves says...

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...

A high proportion of first time buyers take advantage of some form of assistance when purchasing their initial home. That’s the verdict...

A building society says it is considering ending its policy of lending to buyers of holiday lets. Martese Carton, the director of...

Awareness of green mortgages is dipping among buyers, according to new research. Almost two thirds of mortgage advisers say their clients have...

The so-called Generation X - those born between 1965 and 1980 - are finding it hardest to pay off their mortgage,...