UK Mortgage & Property Related News
Some 45% of first time buyers have to pay both rent and mortgage payments at the same time because they cannot align the end of their rental contract with the purchase of their new home.
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House prices rose at the fastest pace in more than two years, according to the latest figures from Nationwide.
The average home has increased in value by 3.2 per cent over the past 12 months after a 0.7 per cent rise in the month of September.
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Paying the mortgage is one of the primary concerns for homeowners when the threat of job loss looms. But how could potential unemployment impact a remortgage? David Jackson explains…
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The number of mortgage approvals made to home buyers jumped to a two-year high in August, according to Bank of England figures.
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Fixed-rate mortgage deals have gotten cheaper in recent weeks – but will this trend continue following the Bank of England’s decision to hold the base rate at 5%? We’ve spoken to five mortgage brokers to see what they think is next for mortgage rates.
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Mortgage lenders’ attempts to lure in first-time buyers have stepped up with the UK’s biggest building society allowing some to borrow more.
The Nationwide said that from Tuesday, new borrowers could request a mortgage up to six times their income with a 5% deposit.
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The average first-time buyer would have to save half of their earnings for almost a decade to afford a deposit, new analysis by the Home Builders Federation (HBF) has revealed.
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Nearly £2 billion in mortgages were taken out by borrowers over 70 in the year to April, according to a study of Financial Conduct Authority data by TWM Solicitors.
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Mortgage lenders are cutting rates despite the Bank of England decision yesterday to hold the base interest rate at 5%.
The Bank’s Monetary Policy Committee voted by a majority of 8–1 to maintain the rate at 5% after making a cut of 0.25% last month.
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The Bank of England has kept interest rates on hold at 5%, but a further cut is expected later in the year.
Interest rates affect the mortgage, credit card and savings rates for millions of people across the UK.
The first drop in rates for more than four years came in August, but borrowing costs remain high.
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