Archive

Higher mortgage rates are a drag on house price growth says Zoopla - and it’s produced startling figures to prove it. The...

UK residents need an average salary of close to £54,000 to purchase a property, according to new research.  The study shows that...

A new report reveals the latest trends  in UK lending and borrowing, compiled by lending software company Lenvi. The most notable trends include...

Mortgage lender Halifax is imposing a new 70-year age limit on the terms of its home loans for some borrowers. This has...

Average mortgage rates on the overall two- and five-year fixed rate deals have now been falling for six consecutive months. The overall...

New research from Aldermore suggests that some 55 per cent of prospective first time buyers are currently seeking to raise a...

The Suffolk Building Society has launched new mortgage products aimed at private landlords who are planning refurbishments, such as a new...

Lifetime mortgage fund usage continues to show a mixture of aspirational and needs-based borrowing, according to figures from lender Pure Retirement....

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

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

Falling swap rates - already falling over the past month - have dropped further following better-than-expected inflation news, triggering speculation over...

Approaching a third of people are struggling to meet loan repayments of all kinds because of the cost of living crisis. That’s...

Homeowners in Wales who are struggling with their mortgages could get loans that are interest-free for the first five years under...

A digital mortgage broker has launched an online tool aggregating data from over 50 Buy to Let lenders to calculate what...

The equity release market has seen growth for the first time in 12 months with quarterly increases in both new customers...

UK mortgage holders are repaying record amounts of mortgage debt, according to the  Equity Release Council. But the ERC claims high levels...

The buy-to-let sector has seen fixed rates fall and product choice grow month-on-month, according to the latest analysis by Moneyfactscompare. Overall buy-to-let...

New data from Experian reveals that one in four mortgages lent to those under 30 now have a term of 35...

Half a million mortgage-holders are facing an imminent financial shock as their fixed deals end in the run-up to Christmas or...

Data from mortgage research and sourcing platform Legal & General Ignite reveals a significant spike in searches for Interest Only products...

Equifax data has found that 41 per cent of live mortgages in the UK are held by customers who will be...

UK mortgage customers are turning to fixed rates and lump-sum payments as interest rates rise, according to new research by Butterfield...

New Freedom of Information data from the FCA - gathered by Quilter, the wealth manager and financial adviser - reveals that...

The Bank of England’s latest stress test of the financial system suggests that UK's eight largest lenders could survive a worst...

Nationwide says the sharp rise in the costs of mortgages is causing a "significant drag" on the housing market - but...

Companies representing some 85 per cent of all mortgage lending have signed up to a new charter.  The lenders claims they have...

Trade body UK Finance has issued a timely reminder to the mortgage lending sector of its obligations to borrowers struggling following...

People aged 18-24 are more than twice as likely to choose a tracker mortgage than any other age group Those 55 or...

Mortgage holders swallowed another bitter pill last week when the Bank of England raised interest rates for the tenth consecutive time. The...

Estate agent comparison site, GetAgent.co.uk, claims that after purchasing a property the average homebuyer pays £76,000 during the initial year. In some...

Mortgage rates in the UK have risen significantly during 2022, which appears to have proven an issue for homeowners hoping to switch...

New findings by Revolution Brokers suggest that despite the increasing cost of borrowing, buying is less expensive than renting.  The analysis was conducted by...

New research by Revolution Brokers show that the average monthly cost of a variable rate mortgage has climbed by 13.3% so far...

New research by specialist property lending experts, Octane Capital, shows that monthly mortgage payments could increase by £300 each month.  Homebuyers coming to...

As governmental changes sweep through the nation, countless elements within the property sector have been affected, including mortgages. Market analysis by specialist...

New findings by Revolution Brokers reveal exactly how much more money homeowners and buyers can expect to pay for their mortgage...

According to a leading property firm, the latest announcement that a specialist lender has been given a license to off 50-year...

If you’ve ever been to the capital, then you’ll know that there are plenty of high-end homes, some for sale or...

Equity release allows the older generation to release some of the money from the value of their home through a series...

The proportion of disposable household income required to cover average mortgage repayments is 27.6% so far in 2022 – the highest...

A recent change in mortgage rules that required lenders to check whether homeowners could afford repayments at higher interest rates has...

Last week (June 16), the Bank of England increased the base rate by 0.25%, up from 1.00% to 1.25%. In response, Moneyfacts.co.uk...

Often, we are sold the dream of settling down with a partner and purchasing our dream house together – but, what...

As a direct result of the rising cost of living, over half (57%) of Brits are already struggling financially, or expect...

Some 3.2 million adults in the UK have missed some form of major payment over the last two years as the...

The housing industry, like many other sectors, experienced a tumultuous 2021 as the pandemic continued to trigger exponential house price rises....

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...

Scott Clay at Together - the specialist lender - has shared a few tips for couples considering buying their first home...

The latest Nationwide house price index, released yesterday morning, reveals that January has seen the strongest start to the year since...

With the Bank of England raising interest rates for the first time in more than three years, Brian Murphy, head of lending...

Recent research from leading later life lender more2life has found that 80% of equity release advisers are confident that the market...

Nisha Vaidya, mortgage expert at Uswitch, explains how homeowners can use low-interest rates to their advantage and help make their mortgage more...

Most people are willing to pay a ‘certainty premium’ of £1,200 per year for a long-term guarantee of fixed mortgage repayments,...

The mortgage roundup column returns to bring you the latest news on mortgage products coming to the market, featuring Furness Building...

Roma Finance completed a record month in May, reporting a 50% increase in pipeline business on top of the 100% increase...

Mortgage borrowing in the UK has now reached its highest level since 1993, with home buyers looking to make the most...

Existing and aspiring homeowners admit it takes a ‘radical change in circumstances’ before they’d consider purchasing a financial protection product, according...

Some 26% of homeowners, or those buying a property, have missed a mortgage payment due to falling ill or having an...

Savings made during lockdown have allowed some borrowers to reduce their debt commitments, with a record £17.6 billion of mortgages repaid...

Equity Release Supermarket (ERS) has reported the behavioural shifts and factors still influencing customers due to the ongoing effects of the...

more2life has become the sixth lender to join MCI mortgage club’s later life lending panel. The addition means more2life will give the...

Pure Retirement has launched a new customer-facing brochure to keep its account holders informed about plan features and the processes involved...

Pure Retirement has decided to expand its ‘Classic Lifetime Mortgage’ range to a wider selection of the equity release market. The latest...

The ability to make interest payments and capital repayments are becoming increasingly important for equity release customers as products develop, according...

The number of 40-year mortgages approved jumped over 20-fold in 2018, up from only 162 in 2017, according to ludlowthompson. The London...

Pure Retirement has announced the launch of its new product suite for advisers, named the Heritage range. The product, which is available...

Leeds Building Society has launched two new discounted but-to-let mortgages. The society aims to support landlords to actively manage their property portfolios...

The launch of retirement interest only (RIO) products by lenders provides a valuable alternative to the growing number of later life...

The majority (74%) of mortgage applications via intermediaries for first-time buyers resulted in a completion during Q4 2017, according to the...

Many older divorcees are struggling to pay the mortgage post-split, according to figures from LEBC. The financial planning firm is placing greater...

Borrowers are still opting for variable mortgages despite the Bank of England base rate increase, new figures from Yorkshire Building Society...

Figures from Accord Mortgages show a jump in remortgage applications over the summer, with borrowers grabbing competitive mortgage deals ahead of...

Following the introduction of new lending rules in April 2016, under the Mortgage Market Review (MMR), many banks and building societies...

Remortgage lending leapt 48% by value in the year to April to hit £6.4 billion, the largest sum recorded since November...

The gap between mortgage rates at different LTVs has narrowed dramatically, making life easier for borrowers with small deposits. Mortgage rates for borrowers...

A new report from Halifax has found that delays in getting on to the property ladder could force many people to...

Applications for limited company buy-to-let mortgages have soared since December and now make up to one in three new cases. Growth has...

The Mortgage Credit Directive (MCD), could bar accidental landlords from switching to cheaper mortgage deals on affordability grounds. Many could be told they...

House purchase values rose 20% in the final quarter of 2015 yet there was also a worrying drop in higher-LTV lending. The...

Leeds Building Society is launching the lowest ever 10-year fixed rate mortgage charging just 2.75%. The best buy deal, available from Thursday,...

Accord Mortgages and Leeds Building Society have launched new five-year fixed-rate mortgages with added incentives. Intermediary-only lender Accord’s deals are aimed at borrowers...

Mortgage rates look set to remain unchanged this year as the Bank of England held base rates once again yesterday. Analysts have pushed back...

Britons are unprepared for rising mortgage rates even though nearly three-quarters would see their monthly repayments rise if the base rate...

The Treasury has launched a consultation on giving the Bank of England more powers to control buy-to-let and could introduce new lending...

Mortgage brokers are urging borrowers to fix their mortgage repayments in the wake of the US Federal Reserve decision to increase...

Yorkshire Building Society has just launched a new two-year fixed rate mortgage priced at 3.68% until 31 January 2018. This deal is...

Buy-to-let is in the line of fire again with reports that officials at the Basel Committee are looking to get tough on...

One in three mortgage holders have no idea what rate of interest they are paying, new research shows. This is despite growing...

The annual cost of home ownership is now £15,300 and is expected to rise sharply in future, according to new research...

New figures confirm that buy-to-let continues to outperform the mortgage market but industry experts warn that the forthcoming tax crackdown may...

Lenders have launched another round of "best ever" mortgage rates as the prospect of a Bank of England base rate hike recedes further...

More than 600,000 Britons intend to use all or part of their pension to help repay their mortgage balance, new research...

Building societies approved 189,000 mortgages in the first half of 2015, accounting for 29% of the total market. Societies also lent £26.4...

The appetite for longer-term mortgages is soaring as homebuyers look to stretch out their repayments to make them more affordable, new...

Talk of an affordability crisis appears overblown as homes are now more affordable than in 1997, new research suggests. A combination of falling...

As mortgages plunge to record lows borrowers no longer have to pay more for the security of a fixed rate. The difference...

The salary of the average homebuyer fell 16% year-on-year in June to £34,584, as improved mortgage affordability boosted lower income borrowers. The...

Yorkshire Building Society has launched the only range of four-year offset mortgages available on the market today. It said this followed a...

Mortgage affordability for people who want to buy a home has hit its highest level for six years. Just one in three...