There’s speculation that there could be two more base rate cuts announced before the end of the year, following last week’s...
Archive
A leading financial analyst says some 1.5m homeowners will need to remortgage throughout 2024 - and it’s going to hurt for...
31 July 2024
From: Breaking News
More than a quarter of people are in the dark about interest rates and how much they pay, a new survey...
08 July 2024
From: Breaking News
Mortgage approvals for house purchases fell slightly from 60,800 in April to 60,000 in May, says the Bank of England. Approvals for...
03 July 2024
From: Breaking News
Overall, the total value of the UK housing market contracted by 21% in the year to March 2024, on the back...
19 June 2024
From: Breaking News
Official Bank of England figures shows that net mortgage approvals for house purchases totalled 61,100 in April, little changed from 61,300...
05 June 2024
From: Breaking News
LiveMore, the mortgage lender for people aged 50 to 90 plus, has launched a new up to 100% standalone debt consolidation...
22 May 2024
From: Breaking News
The proportion of buy to let properties purchased in Southern England fell to a record low last year, continuing a trend...
01 May 2024
From: Breaking News
New Financial Conduct Authority statistics display housing market turbulence over the past two years, raising concerns about buyers and lenders in...
22 April 2024
From: Breaking News
There were 29,060 new mortgages taken out by older borrowers over 55 in the last three months of 2023 - down...
26 February 2024
From: Breaking News
The number of mortgages offered to home buyers went up from 49,300 in November to 50,500 in December, against the normal...
05 February 2024
From: Breaking News
Respected estate agency and property consultancy Savills is warning that house prices may dip in 2024. In the run-up to Christmas it...
31 January 2024
From: Breaking News
Lifetime mortgage fund usage continues to show a mixture of aspirational and needs-based borrowing, according to figures from lender Pure Retirement....
24 January 2024
From: Breaking News
Banks are reporting that default rates increased in the final quarter of 2023, albeit more slowly than the quarter before -...
22 January 2024
From: Breaking News
A regular financial resilience barometer from a leading consultancy shows that the debt position of the lowest fifth of earners has...
17 January 2024
From: Breaking News
Metro Bank says it will not, after all, be selling its residential mortgage portfolio despite widespread industry speculation that it was...
27 December 2023
From: Breaking News
Approaching a third of people are struggling to meet loan repayments of all kinds because of the cost of living crisis. That’s...
13 December 2023
From: Breaking News
Karis Capital is launching as what it calls “a premier real estate debt advisory firm with plans to redefine how developers...
11 December 2023
From: Breaking News
A report on Sky News says talks are underway for Barclays hto acquire the £3 billion mortgage book of the troubled...
04 December 2023
From: Breaking News
The research chief at lettings agency Hamptons says it’s likely that landlords have been hit harder by high interest rates than...
22 November 2023
From: Breaking News
The chief executive of Winkworth estate agency chain says this week’s Autumn Statement must see the reinstatement of Mortgage Interest Tax...
20 November 2023
From: Breaking News
There’s been an alarming set of figures in the Bank of England’s latest Money and Credit report, which relates to September. Net...
08 November 2023
From: Breaking News
UK mortgage holders are repaying record amounts of mortgage debt, according to the Equity Release Council. But the ERC claims high levels...
25 October 2023
From: Breaking News
Britain’s macroeconomic policy framework needs an overhaul to tackle the risk of an unsustainable ratcheting up of debt. That’s the view of...
25 October 2023
From: Breaking News
Landlords in the UK are paying 40 per cent more mortgage interest than in August 2022, which equates to an extra...
23 October 2023
From: Breaking News
Analysts suggest that mortgage lending is likely to fall over the rest of 2023 with both demand and supply dropping thanks...
16 October 2023
From: Breaking News
A depressing 64 per cent of people have taken out a mortgage or personal loan without fully understanding how it works,...
11 October 2023
From: Breaking News
Mortgage arrears in the UK jumped by almost a third between April and June compared with the same period last year,...
18 September 2023
From: Breaking News
Equifax data has found that 41 per cent of live mortgages in the UK are held by customers who will be...
13 September 2023
From: Breaking News
Brokers are wanting that the recent Rightmove asking price index does not mean that sellers are necessarily in a position to...
30 August 2023
From: Breaking News
Mortgage approvals rose by just over three per cent from 49,000 in April to 50,500 in May according to new Bank...
04 July 2023
From: Breaking News
Despite the recent economic turbulence, the bridging market has seen more requests for fast, short-term finance. This type of finance provides certainty...
28 March 2023
From: Breaking News
With many borrowers under the cosh because of the cost of living crisis, lenders are offering brokers a chance to learn...
07 February 2023
From: Breaking News
According to a leading property firm, the latest announcement that a specialist lender has been given a license to off 50-year...
01 September 2022
From: Breaking News
Equity release allows the older generation to release some of the money from the value of their home through a series...
02 August 2022
From: Breaking News
As interest and mortgage rates rise, mortgage providers are becoming stricter when it comes to who they will and will not...
26 July 2022
From: Breaking News
A recent change in mortgage rules that required lenders to check whether homeowners could afford repayments at higher interest rates has...
23 June 2022
From: Breaking News
This week’s roundup takes a look at the latest in the mortgage market, from L&G’s latest addition to its lender panel...
26 May 2022
From: Breaking News
International buyers are slowly returning to the London property market after three consecutive years of declining market activity, research by debt...
19 May 2022
From: Breaking News
Despite a more lethargic pandemic property market performance, a recent study by debt advisory specialists, Henry Dannell, has analysed sold price...
12 May 2022
From: Breaking News
New research from Canopy reveals 10% of UK private renters have been unsuccessful in getting a mortgage, despite 80% never missing...
12 May 2022
From: Breaking News
Debt advisory specialist Henry Dannell recently analysed the average sold price on roads containing another country within their name. By evaluating sold...
05 May 2022
From: Breaking News
While a somewhat slow London property market may be currently trailing the rest of the UK when it comes to the...
31 March 2022
From: Breaking News
When it comes to the money owed as a result of mortgage borrowing in the last 10 years, UK homebuyers have...
29 March 2022
From: Breaking News
Borrowers are turning to second charge mortgages to help alleviate financial issues, according to Knowledge Bank’s latest criteria tracker. ‘Capital raising for...
03 March 2022
From: Breaking News
New research from The Mortgage Lender (TML) reveals that 34% of UK adults planning to buy a home in the next...
01 March 2022
From: Breaking News
Scott Clay at Together - the specialist lender - has shared a few tips for couples considering buying their first home...
15 February 2022
From: Breaking News
Market analysis has revealed where house price growth could stutter should monthly interest payments start to climb as a result of...
11 January 2022
From: Breaking News
Only a quarter (27%) of UK adults have sought financial advice ahead of ‘freedom day’ despite Covid-19 causing financial uncertainty, according...
02 June 2021
From: Breaking News
Existing and aspiring homeowners admit it takes a ‘radical change in circumstances’ before they’d consider purchasing a financial protection product, according...
29 April 2021
From: Breaking News
New research from Knowledge Bank has revealed that homeowners are utilising second charge mortgages to raise money to invest in buy-to-let...
13 April 2021
From: Breaking News
Some 26% of homeowners, or those buying a property, have missed a mortgage payment due to falling ill or having an...
23 March 2021
From: Breaking News
Savings made during lockdown have allowed some borrowers to reduce their debt commitments, with a record £17.6 billion of mortgages repaid...
18 March 2021
From: Breaking News
2021 looks set to be another year of change in the mortgage market, with the second charge market seeing the biggest...
16 February 2021
From: Breaking News
Equity Release Supermarket (ERS) has reported the behavioural shifts and factors still influencing customers due to the ongoing effects of the...
04 February 2021
From: Breaking News
Pepper Money has become the latest lender to go live on Affordability Hub, the affordability-based sourcing system from Mortgage Brain. Launched last...
14 January 2021
From: Breaking News
Searches for ‘self-employed’ and ‘defaults’ became the most popular in December, according to new research from criteria search specialist Knowledge Bank. Knowledge...
12 January 2021
From: Breaking News
A mortgage advisor is urging prospective buyers to act now before the stamp duty holiday comes to an end. Matt Colley, director...
19 November 2020
From: Breaking News
Hope Capital has launched the ‘seventies collection’, which comprises two new bridging loan products. The HOPE 70 products offer a low rate...
07 September 2020
From: Breaking News
Money Advice Scotland is piloting open banking technology from Experian which could help it to significantly speed up the early stages...
16 January 2020
From: Breaking News
Unmortgage has rebranded to Wayhome as part of phase one of its brand refresh. Since August, the Unmortgage name is no longer...
04 September 2019
From: Breaking News
Both the volume and value of flexible payments from pensions has hit a new high, according to Moneyfacts. Data from the money...
29 August 2019
From: Breaking News
Pure Commercial Finance saved a multimillion-pound development by sourcing £2.5 million of funding in just three days. The client, an experienced property...
19 June 2019
From: Breaking News
MortgageGym is adding four specialist lenders to its online platform for mortgage applicants with lower credit scores. These include Together and Precise...
08 May 2019
From: Breaking News
Asset management specialist Spicerhaart Corporate Sales has joined forces with fact-finding experts Excel and UK law firm TLT to create an...
30 April 2019
From: Breaking News
Over two thirds (68%) of British people think lenders have too much power over borrowers. The findings come from new online polling...
01 February 2019
From: Breaking News
Nearly a third (32%) of current mortgage holders, which equates to approximately 4 million people, may have to re-evaluate their finances...
08 January 2019
From: Breaking News
A fifth of current mortgage holders believe they will still be paying off their mortgage beyond the age of 65 –...
28 November 2018
From: Breaking News
Homeowners are ageing at a faster rate than the UK population as developments in post-retirement lending put a strain on the...
30 August 2018
From: Breaking News
The most search criteria by brokers during July has been revealed by Knowledge Bank’s ‘Criteria Activity Tracker’. Knowledge Bank – the source...
16 August 2018
From: Breaking News
Historically second charge mortgages or secured loans as they are also known were seen as a last chance option for a...
13 June 2018
From: Sponsored Content
Hanley Economic Building Society has introduced two criteria changes across its near prime product range. Borrowers who have been in a Debt...
10 May 2018
From: Breaking News
Masthaven has launched its second charge mortgage range with competitive rates available via Legal & General Mortgage Club. With this partnership, Masthaven...
21 February 2018
From: Breaking News
Many older divorcees are struggling to pay the mortgage post-split, according to figures from LEBC. The financial planning firm is placing greater...
16 January 2018
From: Breaking News
Bank customers are at risk of paying an extra £400 if they chose not to remortgage after their fixed term deal...
01 August 2017
From: Breaking News
The most popular reasons for choosing equity release during the first half of 2017 are making home improvements and clearing existing...
25 July 2017
From: Breaking News
Specialist mortgage lender Vida Homeloans has announced significant changes to its specialist buy-to-let range, enhancing its lending criteria and building on...
10 May 2017
From: Breaking News
The mortgage market will reach its highest level of gross lending since the financial crisis during 2017, the Intermediary Mortgage Lenders...
02 May 2017
From: Breaking News
The appointment of Matthew Dobson as Finance Director has been announced by Furness Building Society. Dobson, who has over 15 years of...
10 February 2017
From: Breaking News
Homeowners remortgaged for an average of £15,000 more in 2016 than they did two years ago, with 57% of remortgage cases...
01 February 2017
From: Breaking News
Back in 1980 I took out my first mortgage to buy a flat in Birmingham. The flat was very affordable and...
13 June 2016
From: Breaking News
Computershare will service three out of every five outsourced UK mortgages from next month, the company has confirmed. This follows its Government appointment to...
25 May 2016
From: Breaking News
Mortgage distributor 3mc has generated Kensington’s first packaged case to go to offer since the lender returned to the market last...
11 May 2016
From: Breaking News
Tomorrow will mark the seventh anniversary of 0.5% interest rates but property experts warn that cheap money won't last forever. The average...
04 March 2016
From: Breaking News
Monthly mortgage approvals soared 24% year-on-year to £12.4 billion in December but brokers deny lending is getting out of control. Across 2015,...
28 January 2016
From: Breaking News
A steep rise in debt since last summer 2015 has put more households under financial pressure, new research shows. Income and saving...
14 January 2016
From: Breaking News
The Building Societies Association (BSA) has committed to review its maximum age limits for mortgage borrowers to help those who need...
13 November 2015
From: Breaking News
Mortgage arrears and repossessions hit a new low in the third quarter but brokers have warned against borrower complacency. They fear borrowers...
13 November 2015
From: Breaking News
NatWest Intermediary Solutions has reduced its loan-to-income (LTI) maximums for mortgage applications up to 85% LTV. It has reduced its maximum LTI...
13 October 2015
From: Breaking News
The Bank of England has ruled out intervention in the UK buy-to-let market despite fears that its growth could pose a...
28 September 2015
From: Breaking News
One in seven homeowners aged 70 and over are still paying off their mortgage, with the average debt a hefty £40,000. New figures...
17 September 2015
From: Breaking News
Nearly one million homeowners with interest-only mortgages are a "ticking timebomb" because they have made no plans for paying off their debt. The...
07 September 2015
From: Breaking News
More than 600,000 Britons intend to use all or part of their pension to help repay their mortgage balance, new research...
28 August 2015
From: Breaking News
Buy-to-let landlords face a "severe dent" in post-tax profits following Chancellor George Osborne's tax crackdown. Individual landlords will face extra tax bills of £2,000...
21 August 2015
From: Breaking News
Official figures showing GDP rose a robust 0.7% in the second quarter will add to pressure on the Bank of England...
29 July 2015
From: Breaking News
The amount of money generated by equity release deals in the first half of 2015 rose by almost a fifth according...
15 July 2015
From: Breaking News
The Bank of England has warned that the booming buy-to-let market poses a threat to the financial stability of the UK. It...
03 July 2015
From: Breaking News
Almost one third of borrowers who remortgaged in May increased the size of their mortgage to release cash for spending or...
02 July 2015
From: Breaking News
The Forum of Private Business (FPB) has reported that nearly two thirds of businesses are operating with cash reserves of under...