UK Mortgage & Property Related News
Falling mortgage rates may, at last, be bringing some relief to embattled homeowners and first-time buyers.
In a market described as “frenetic”, lenders are locked in intense competition for new customers while simultaneously trying to hold on to borrowers already on their books.
Read More
Around 57% of over-55s are making sacrifices in the run-up to retirement so they don’t have to make mortgage repayments when they retire.
Read More
Homebuyers are being warned that buying a new car this month could knock £36,000 off any mortgage offer they can get from a high street bank or building society.
Read More
A total of 41% of five first-time buyers struggle to understand the mortgage options available to them, new research suggests.
The findings by Moneybox were based on a survey of 500 first-time buyers who have bought a property in the past two years.
Read More
Why pay tens of thousands in interest payments when that money could be spent on almost anything more exciting?
If you’re able to reduce the length of your mortgage term or make overpayments, the financial rewards could be huge.
Senior Mortgage Adviser for Natwest, Michael Gyapong, takes us through the top five ways to pay your mortgage off faster.
Read More
Mortgage rate cuts are being announced on an almost daily basis as lenders continue to reprice their home loan deals.
Barclays and TSB are the latest banks to announce mortgage rate cuts. TSB says its deals will reduce by up to 0.4 percentage points from tomorrow.
Read More
Navigating the mortgage market can be daunting — we spoke to a finance expert to get some advice that could make all the difference.
In an interview with Yahoo Finance Future Focus, Islay Robinson, CEO of Enness Global finance brokers, offered guidance for those seeking a mortgage.
Read More
During the recent general election campaign, one key point of difference in the parties’ housing policies was that the Conservative Party pledged to introduce a new Help to Buy scheme, whereas Labour proposed alternative housing policies, largely focused on social rent.
Now elected, Labour is already pushing ahead with housing initiatives including greater powers and flexibilities in the Affordable Homes Programme, increased local authority funding for housing (to be announced in the next Budget) and changes to the Right to Buy.
Read More
A growing number of homeowners have turned their attention to mortgage overpayments as they look to fight back against higher interest rates.
Santander, one of Britain’s biggest mortgage lenders, reported a 78pc rise in the amount overpaid by its customers between 2022 and 2023 – but it’s not always the best course of action.
Paying extra on your loan repayments can reduce the interest being clawed back by your lender and speed up the process of becoming mortgage-free.
Read More
First-time buyers could now be able to secure bigger mortgages when applying with Halifax.
The mortgage lender announced today that it is making £2billion available for first-time buyers who need to borrow up to 5.5 times their annual income.
To be eligible for what Halifax is calling its ‘First-time buyer boost,’ buyers will need a total household income of £50,000 or more, which will need to come from employment.
They will also need to be purchasing a property with a deposit of at least 10 per cent.
Read More