Fixed-rate mortgage deals have gotten cheaper in recent weeks – and brokers say rates could still come down a bit more, despite the Bank of England’s decision to hold the base rate at 5%. So what, if anything, should you do about it?
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Santander data throws new light on first time buyer hotspots
Santander UK has identified the top rising neighbourhoods that first-time buyers are choosing to purchase in, as moving further away from family, friends and familiar places to get onto the property ladder becomes more common.
Read MoreShould I stick with my tracker mortgage with rates falling or move to a cheaper fix? DAVID HOLLINGWORTH replies
I’m on a Natwest tracker mortgage but can switch to a new deal.
I owe £31,000 to be repaid over the next five years and 10 months. It’s 6.04 per cent but will come down after the latest base rate cut from the Bank of England.
I earn £3,000 a month so have been making massive overpayment. Would I be better off staying on a tracker or fixing?
Read MoreJoint mortgages being used as ‘weapons’ for domestic abuse in ‘hidden crime’, charity warns
Joint mortgages can be used as a “weapon” by domestic abusers against their current or former partners, a charity has warned.
A report by Surviving Economic Abuse (SEA) said survivors of domestic abuse have been left with mortgage arrears, low credit ratings, and housing and economic insecurity.
Read MoreMortgage rates finally fall for first-time buyers – best deals compared
First-time home buyers and those with smaller deposits have received welcome relief after mortgage rates finally began to fall.
Nationwide, HSBC and NatWest cut their fixed rates on Friday amid “frenetic” competition between big-name mortgage providers. TSB did so for the second time in a week in a rare move.
Read MoreDangers for FOMO mortgage hunters as rates fall
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 MoreAlmost 60% of over-55s are making sacrifices to be mortgage-free by retirement
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 MoreWhy buying a new car on finance might knock your mortgage chances
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 MoreTwo out of five first-time buyers struggle to understand their mortgage options
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 More5 ways to pay your mortgage off faster
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.
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