First-time buyers are rushing to purchase homes before the stamp duty they need to pay rises.
Read MoreCan first-time buyers still buy a home before stamp duty jumps on 1 April?
Category: Mortgage
Four major mortgage lenders all increase rates at the same time: Here’s why more may follow…
Major banks have begun increasing mortgage rates in response to renewed economic uncertainty.
Read MoreWill UK Mortgages Get Cheaper in 2025?
Earlier this week we published an outlook for UK house prices. Now we look at mortgages, a key driver of housing market activity. Without the £1.7 trillion of mortgage finance, the whole ecosystem can’t function effectively. And that financing suddenly got more expensive in 2022 after a rapid increase in interest rates. While mortgage rates started to fall in 2024, there are some risks to the narrative that affordability will improve significantly this year. A surprise curveball has come from the UK government bond market in recent weeks.
Read MoreMortgage rules could be eased to boost loans
Strict rules on mortgage lending could be loosened to allow more people to borrow for a home, as regulators respond to a call to boost the economy.
Read MoreHSBC debuts high earner product, cuts resi rates
HSBC will introduce a new fixed-rate product for high earners and launch a range of residential rate cuts on Monday.
Read MoreThe First Homes government scheme: half-price homes for first-time buyers
First Homes launched in 2021 to help local first-time buyers and key workers onto the property ladder by offering new-build homes at a 30% – 50% discount.
Read MoreMortgage sector cheered by latest upbeat housing market data
The mortgage sector has reacted positively to the latest house price data.
Read MoreStamp duty changes ‘will motivate’ first time buyer boom in early 2025, lender says
Looming changes to stamp duty will give first-time buyers “greater motivation” to get on the housing ladder, British bank Halifax has said.
Read MoreUK households set to wake up to £500-per-month hike in mortgage
UK households have been warned MILLIONS could see hikes to their mortgage repayments over the next three years.
Read MoreFirst-time buyers moving back home get on property ladder 4.5 years faster
First-time buyers who are still living at home with parents are able to get onto the property ladder four-and-a-half years sooner than their renting counterparts, research from a broker found.
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