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KEYWORD "2" - 105 RESULTS
Mortgage shelf-life plummets and lenders hike rate

The average shelf-life of a mortgage product is just 15 days, with lenders increasing fixed rates, says Moneyfacts. Average mortgage rates on...

18 March 2024

From: Breaking News

Analysts unsure whether RICS housing market optimism is justified

The latest housing market snapshot from the Royal Institution of Chartered Surveyors shows the number of buyers has risen for the...

18 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

Housing market buoyancy shows mortgage costs not a deterrent

New data from Zoopla suggests that the housing market is becoming buoyant despite widespread uncertainty over the exact direction of mortgage...

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

Nationwide’s bold move will make it even bigger mortgage lender

The Nationwide Building Society has agreed to buy Virgin Money in a £2.9 billion deal - a rare example of a...

11 March 2024

From: Breaking News

Foundation Home Loans targets first time landlords

Foundation Home Loans has launched two HMO products for first-time landlords under its ‘Buy to Let by Foundation’ wrapper. Both are available...

11 March 2024

From: Breaking News

Dip in demand for new builds as interest rates keep buyers at bay

Homebuyer appetites for new-build properties have dipped. Demand dropped 1.1 per cent in the last quarter according to analysis by easyMoney of...

11 March 2024

From: Breaking News

IMLA accuses Hunt of “sop” in Budget that does nothing for rental sector

The Intermediary Mortgage Lenders Association has given the thumbs down to the Budget of Chancellor Jeremy Hunt. The trade body was disappointed...

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

Agents impatient with mortgage lenders despite better news on sales

The estate agents’ trade body has made the unexpected move of calling on banks to cut mortgage rates. Rates are typically decided...

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

Brokers’ amazing work honoured by bank’s CEO at awards event

The chief executive of a specialist business bank has paid tribute to the ‘amazing work’ carried out by its broker network. Gary...

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

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

Lender says first time buyers lean heavily on families to bag first mortgage

A survey of 2,000 adults by lender Together sheds light on parental help for first time buyers. It shows that a fifth...

28 February 2024

From: Breaking News

Downsizers can unlock housing market and upsize their retirement plans

Downsizers across England and Wales could unlock an average £305,090 by moving from a four bed to a two bed home,...

28 February 2024

From: Breaking News

Financial Crime attempts target high numbers of regulated firms

Some 42 per cent of regulated firms are reporting a rise in financial crime attempts, while more than a quarter say...

28 February 2024

From: Breaking News

Most activity down to remortgagers not buyers - analysis

Remortgagers, not buyers, are fuelling the increase in mortgage industry activity. That’s the view of Octane Capital following an analysis of Bank...

28 February 2024

From: Breaking News

Most Rates Up Again - optimism plummets amongst brokers and analysts

It’s been a torrid time for rates, going back up for HSBC, Santander, TSB, Virgin Money, NatWest and many other mainstream...

26 February 2024

From: Breaking News

Stamp Duty’s damage to borrowers exposed by building society

The true cost of stamp duty is two thirds greater than the tax itself because it obliges buyers to spend far...

26 February 2024

From: Breaking News

Agency recruits mortgage heavyweight to lead financial services surge

Tom Davies has started with Leaders Romans Group as the company’s first group financial services managing director. This new position coincides with...

26 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

Coupling Up - why so many mortgage applicants are duos

A property agency has analysed the lending and housing markets to work out why so many mortgage applicants are couples. Benham and...

21 February 2024

From: Breaking News

Rent To Home initiative aims to woo local first time buyers

A unique system of returning rent to tenants to allow them to save for a deposit on a property has been...

21 February 2024

From: Breaking News

Surge in interest in Energy Efficient Homes - study’s claim

There’s been a surge in enthusiasm for energy efficient homes according to research from heat pump advocates OVO. It says that a...

21 February 2024

From: Breaking News

Worst Case Scenario - mortgage costs up hundreds per year

A specialist lender claims that first-time buyers could see annual mortgage costs climb by £398 per year, while landlords suffer a...

21 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

Portfolio landlords eye capital raising to fund 2024 expansion plans

Nearly four in 10 portfolio landlords, those with four or more properties, plan to increase the size of their portfolios in...

19 February 2024

From: Breaking News

Two year fixes fall by fastest rate since 2022 - Moneyfacts

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

19 February 2024

From: Breaking News

Specialist lender Cohort Capital hits bridging milestone

After reaching the milestone of £250m in 2022, specialist lender Cohort Capital increased originations by 60 per cent in 2023 to...

19 February 2024

From: Breaking News

It’s Back! Confidence returns to the mortgage market says IMLA

The latest Mortgage Market Tracker report from the Intermediary Mortgage Lenders Association reveals that confidence has returned to the mortgage market,...

14 February 2024

From: Breaking News

First Time Buyers aged 50-plus “one of fastest growing sectors”

There were 12,000 first time buyers over the age of 50 in the UK in 2022, the latest figures available. This means that...

14 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

UK Finance lobbies government for new Help To Buy and less Stamp Duty

Lenders’ trade body UK Finance wants the government to use next month’s Budget to announce a new Help to Buy scheme...

14 February 2024

From: Breaking News

Octane Capital issues a brutal warning on mortgage rates

By Jonathan Samuels, chief executive of specialist property lender Octane Capital, writes: The Bank of England’s decision to hold interest rates on...

14 February 2024

From: Breaking News

TSB raises some rates, reduces others; NatWest and Halifax increase

With the quick-fire mortgage rate cuts which characterised the past month now slipping into the rear-view mirror, the latest changes from...

12 February 2024

From: Breaking News

FinTech platform slashes charges to mortgage advisers for a second time

Unbiased, a platform for connecting with prospective clients, has slashed charges it imposes on mortgage advisers for a second consecutive month. Unbiased...

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

LSL completes on acquisition of mortgage industry supplier

It’s taken six months but LSL Property Services has announced that its acquisition of TenetLime is now complete. At the end of...

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

Nationwide’s shock rate rise may not be the only one - warning

At the middle of last week Nationwide slashed its rates to the most competitive of all in the current lenders price...

05 February 2024

From: Breaking News

Commercial property lending forecast to soar in next four years

There are clear signs the commercial property market is adjusting to today’s high interest rate environment according to specialist lender Together. Its...

05 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

Halifax explains why most first time buyer applications are in joint names

Almost two thirds of first time buyers mortgage completions are in joint names (with two or more people), according to the...

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

House prices fragile but sentiment amongst buyers very strong - Savills

Respected estate agency and property consultancy Savills is warning that house prices may dip in 2024. In the run-up to Christmas it...

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

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

First Time Buyers seek larger deposits - help may be on the way

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

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

New mortgage targets landlords planning ‘light refurbs’ on BTL units

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

24 January 2024

From: Breaking News

Mortgage costs push big jump in buy to let landlord incorporation

Despite a sharp fall in the number of homes bought by landlords in 2023, the number of limited companies set up...

24 January 2024

From: Breaking News

New Homes 2024 Market Insight from Knight Frank

Leading agency Knight Frank says demand for new homes is generally robust, dependent upon the location and pricing.  It says its regional...

24 January 2024

From: Breaking News

Happy Holidays! Lifetime mortgage funds fuel trips of a lifetime

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

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

Promising start to 2024 House Buying Prospects - Rightmove

The average price of property coming onto the market for sale rises by 1.3 per cent (equivalent to £4,571 for an...

22 January 2024

From: Breaking News

Choice of Mortgage Deals on the rise as rates dip

The UK’s residential mortgage market has started 2024 with the biggest choice of products for prospective borrowers in over 15 years. A...

17 January 2024

From: Breaking News

Remortgaging via digital conveyancing - bank claims ‘UK first’

Shawbrook has become the first bank in the UK to offer limited companies the ability to remortgage using the digital conveyancing...

17 January 2024

From: Breaking News

Debt crisis hits low earners - arrears rising

A regular financial resilience barometer from a leading consultancy shows that the debt position of the lowest fifth of earners has...

17 January 2024

From: Breaking News

Webinar for brokers operating in commercial property market

Property lender Together is holding its third webinar for brokers in its Chalk Live series, offering new educational content along with...

17 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

Housebuilder volumes better than expected - but uncertain times ahead

One of the UK’s biggest house builders, the FTSE 250-listed Persimmon, says its 2023 sales were better than expected - but...

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

Nationwide’s Warning - no housing market rebound likely in 2024

There’s no prospect of a rapid recovery for the housing market in 2024 despite some green shoots appearing. The warning comes from...

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

Bank of England Will Cut Rates sooner rather than later, say experts

A poll of leading economists for London-focussed business newspaper City AM reveals that some believe a Bank of England base cut...

08 January 2024

From: Breaking News

Housing Market Kicks Off 2024 with strong demand, according to Rightmove

A record number of sellers came to market on Boxing Day 2023 according to Rightmove. The 26 per cent increase in new...

08 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

Prime Housing Market - Confidence creeps back into mortgaged sector

High end estate agency Savills has issued an update on prime markets in and around London and south east England. And it...

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

Swap Rate falls trigger speculation of early 2024 rate cut

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

27 December 2023

From: Breaking News

Metro Bank NOT selling residential mortgage portfolio after all

Metro Bank says it will not, after all, be selling its residential mortgage portfolio despite widespread industry speculation that it was...

27 December 2023

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

Mortgage Rates lead to fewer moves from London in 2023

The number of Londoners leaving the capital to move elsewhere in Britain dropped back sharply in 2023, following two years of...

27 December 2023

From: Breaking News

Brokers Speak Out - key industry issues for 2024

Crystal Specialist Finance has conducted its Annual Survey with over 10,000 brokers for the second year running. The point is to see...

20 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

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

Buy To Let arrears double in 12 months

Cases of buy-to-let arrears have doubled in a single year, according to a new analysis. The research, from Octane Capital, analysed quarterly...

13 December 2023

From: Breaking News

Google search topics reveal growing worries about repossessions

Homeowners are increasingly researching into mortgage repossessions online, signalling that many are worried about falling behind on their payments. The research by...

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

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