Major banks have begun increasing mortgage rates in response to renewed economic uncertainty.
Read MoreFour major mortgage lenders all increase rates at the same time: Here’s why more may follow…
Tag: uk
Will 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 MoreTenancy Fraud – report identifies scammers and their tricks
A tenant referencing PropTech firm claims the lettings industry is facing a growing threat from fraud.
Read MoreLandlords to be banned from demanding several months’ rent in advance
A new law could stop landlords from demanding several months’ rent up-front payments from new tenants.
Read MoreThe best buy-to-let mortgages for landlords: Should they fix or risk a tracker?
Buy-to-let landlords are being hit by higher interest rates, higher costs and a less friendly tax regime.
Read MoreTSB unveils mortgage to help renters and their landlords
TSB is offering a new mortgage option which makes it easier for tenants to buy their home from their landlord.
Read MoreRenters’ Rights Bill 2024-25: Progress of the bill
Report stage and third reading of the Renters’ Rights Bill (127 of 2024–25), as amended in public bill committee, are scheduled for 14 January 2025.
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.
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