UK Mortgage & Property Related News
Looking to get on the property ladder or help your children become homeowners? Lloyds could allow first time buyers to borrow up to 22% more than on its standard deals.
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We hear from a reader who’s current mortgage ends several months before their moving date. Is there a solution? Darren Polson offers a helping hand.
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If you’re moving house, there’s one extra item you might want to take with you – but you need to work out if it’s the best option
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They may be less common than two or five-year deals, but three-year fixed rate mortgages are now the cheapest on the market.
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I’ve nearly finished a two-year fixed rate and starting to look at remortgaging soon. I bought my property at the end of 2022, and it needed quite a lot of work. I’ve upgraded the kitchen, bathroom and redecorated throughout.
When I bought the property it was £325,000 and it’s now worth £375,000. Will this be taken into account when I remortgage?
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Landlords are not reaping as bigger benefit from recent mortgage rate cuts as those who live in their own homes, analysis shows.
The interest rates on fixed home loans have been dropping for weeks after falls in inflation and a cut in interest rates by the Bank of England.
Falls have been seen across all types of mortgage, but the more dramatic drops have been seen on residential deals.
Experts have said the trend is due to a combination of buy-to-let mortgages being seen as riskier for lenders, and greater competition in the residential market.
According to data from Moneyfacts analysed by i, at the start of July, the average five-year fixed residential mortgage at 75 per cent loan-to-value (LTV) – meaning a deposit or equity of 25 per cent – stood at 5.39 per cent. For the equivalent buy-to-let mortgage, the rate was 5.59 per cent.
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