Archive

Rightmove says the average first-time buyer mortgage payment is nearly £150 lower than the mortgage rate peak in July 2023.   Rightmove’s weekly...

There’s no question that fixed rate mortgages are the product of choice among the majority of borrowers. It’s not just the...

April Mortgages, the lender seeking to introduce Dutch-style longer-term products, has reduced the interest rates on its range of five to...

NatWest has announced it will introduce new Airbnb-friendly mortgage terms that embrace home sharing via short lets. And now Airbnb wants...

The Nationwide has calculated that house buyers with mortgages are now pay far above the long term average. The lender, in its...

Mortgage approvals for house purchases fell slightly from 60,800 in April to 60,000 in May, says the Bank of England. Approvals for...

Some 3m UK households are to be hit with further increases in mortgage repayments over the next two years, the Bank...

New research from the Intermediary Mortgage Landers Association suggests that the cumulative shortfall in first-time buyer numbers since the financial crisis...

 A new first-time buyer study from Rightmove reveals that the average first-time buyer mortgage payment has risen by 61% since the...

Buckinghamshire Building Society has launched a new non-standard credit buy to let mortgage, following what it calls “significant broker demand.”   The BTL...

Rightmove says there should be a review of mortgage affordability criteria undertaken by the next government. The portal’s mortgages expert Matt Smith...

LiveMore, the mortgage lender for people aged 50 to 90 plus, has launched a new up to 100% standalone debt consolidation...

Londoners looking to buy a home can expect to spend 42% more on monthly mortgage payments than tenants pay on rent,...

Higher mortgage rates are a drag on house price growth says Zoopla - and it’s produced startling figures to prove it. The...

Aldermore is reintroducing a broader range of mortgages for owner occupiers. The lender says it wants to support often “overlooked customers” with...

UK residents need an average salary of close to £54,000 to purchase a property, according to new research.  The study shows that...

A new survey suggests that almost half a million Britons are set to miss a mortgage payment in the next six...

A new report reveals the latest trends  in UK lending and borrowing, compiled by lending software company Lenvi. The most notable trends include...

Monthly payments on some 123,000 home loan accounts were cut in the first eight months of the government’s Mortgage Charter.   The...

Legal & General Mortgage Club has added April Mortgages to its lender panel, giving additional exposure to April’s long-term fixed-rate remortgage...

There’s been broad support for Santander’s decision that Universal Credit will be considered an acceptable form of secondary income for mortgage...

Mortgage lender Halifax is imposing a new 70-year age limit on the terms of its home loans for some borrowers. This has...

New Mortgage Lenders and Administrators statistics for Q4 2023 paint a very worrying picture of the mortgage market. That’s the view of...

Fewer people are concerned about paying their mortgage and fewer believe mortgage affordability is a barrier to home buying.  That’s the verdict...

Average mortgage rates on the overall two- and five-year fixed rate deals have now been falling for six consecutive months. The overall...

Global intelligence company Pepper Advantage, which has a portfolio of over 100,000 UK residential mortgages, says there’s been a dramatic increase...

New research from Aldermore suggests that some 55 per cent of prospective first time buyers are currently seeking to raise a...

The number of mortgages with over 30-year terms sold to UK borrowers jumped 13 per cent in the year to end...

The negative effects of higher mortgage rates on affordability were overestimated throughout 2023 with house prices having dropped one one to...

The Suffolk Building Society has launched new mortgage products aimed at private landlords who are planning refurbishments, such as a new...

Lifetime mortgage fund usage continues to show a mixture of aspirational and needs-based borrowing, according to figures from lender Pure Retirement....

Shadow Chancellor Rachel Reeves says first time buyers could benefit from a "revolution in home ownership" with 25-year fixed-rate mortgages. Reeves says...

A regular financial resilience barometer from a leading consultancy shows that the debt position of the lowest fifth of earners has...

A building society says it is considering ending its policy of lending to buyers of holiday lets. Martese Carton, the director of...

The so-called Generation X - those born between 1965 and 1980 - are finding it hardest to pay off their mortgage,...

Monthly interest costs have surged by 283 per cent since 2021 for landlords using interest-only mortgages, research shows. Octane Capital compared rates...

Falling swap rates - already falling over the past month - have dropped further following better-than-expected inflation news, triggering speculation over...

A warning has been given to borrowers and the home owning public by Paul Broadhead, head of mortgage and housing policy...

UK Finance has published its housing and mortgage market forecasts for 2024 and 2025 together with projections for 2023 full year numbers. Key figures for 2023 In...

Many landlords say they’re set to expand investments in 2024 despite facing up to 80 per cent higher costs in the...

Homeowners are increasingly researching into mortgage repossessions online, signalling that many are worried about falling behind on their payments. The research by...

Approaching a third of people are struggling to meet loan repayments of all kinds because of the cost of living crisis. That’s...

New data from Legal & General - based on searches to its Ignite platform - suggests a diverse mortgage market during...

Homeowners in Wales who are struggling with their mortgages could get loans that are interest-free for the first five years under...

A digital mortgage broker has launched an online tool aggregating data from over 50 Buy to Let lenders to calculate what...

The equity release market has seen growth for the first time in 12 months with quarterly increases in both new customers...

Rightmove claims that single first-time buyers on an average salary and with a 5.0 per cent deposit could not afford three-quarters...

Molo, which calls itself the UK’s first fully digital mortgage lender, has launched a Non-Resident Buy-to-Let Mortgages, unlocking investment opportunities for...

UK mortgage holders are repaying record amounts of mortgage debt, according to the  Equity Release Council. But the ERC claims high levels...

Landlords in the UK are paying 40 per cent more mortgage interest than in August 2022, which equates to an extra...

Skipton Building Society has made what some brokers call an “unprecedented move” by offering rates for existing borrowers switching products starting...

The buy-to-let sector has seen fixed rates fall and product choice grow month-on-month, according to the latest analysis by Moneyfactscompare. Overall buy-to-let...

New data from Experian reveals that one in four mortgages lent to those under 30 now have a term of 35...

An estimated seven million UK households are struggling to keep up with their rent or mortgage payments, Which? warns, with millions...

It’s now one year since former Prime Minister Liz Truss and Chancellor Kwasi Kwarteng’s ill-fated mini-budget, which acted as a catalyst...

A consumer platform claims almost half of Londoners’ income goes on their mortgage or rent, with a third saying they pay...

Half a million mortgage-holders are facing an imminent financial shock as their fixed deals end in the run-up to Christmas or...

The jury is out as to whether there will be a rate rise this week when the Bank of England Monetary...

Mortgage arrears in the UK jumped by almost a third between April and June compared with the same period last year,...

Data from mortgage research and sourcing platform Legal & General Ignite reveals a significant spike in searches for Interest Only products...

Equifax data has found that 41 per cent of live mortgages in the UK are held by customers who will be...

UK mortgage customers are turning to fixed rates and lump-sum payments as interest rates rise, according to new research by Butterfield...

New Freedom of Information data from the FCA - gathered by Quilter, the wealth manager and financial adviser - reveals that...

From this week the banking and finance industry’s Reach Out campaign will be seen across out-of-home advertising, radio, print and digital,...

The Bank of England’s latest stress test of the financial system suggests that UK's eight largest lenders could survive a worst...

The OneDome Group, which for 20 years has operated its CMME Mortgages service, is launching a new consumer campaign in the...

Nationwide says the sharp rise in the costs of mortgages is causing a "significant drag" on the housing market - but...

Companies representing some 85 per cent of all mortgage lending have signed up to a new charter.  The lenders claims they have...

Trade body UK Finance has issued a timely reminder to the mortgage lending sector of its obligations to borrowers struggling following...

The latest monthly criteria index from Knowledge Bank highlights the pressing financial difficulties for many in the UK - and with...

A leading analyst is warning that a remortgage nightmare lies await in the second half of 2023. Sarah Coles of business consultancy...

After the latest rise in Bank of England Base Rate, mortgage lenders are offering new products to help those struggling to...

LMS’ Monthly Remortgage Snapshot for April  showed £300 increases for remortgagers last month. Key findings: £300 average monthly payment increase for those who...

Newcastle Building Society has reported record lendings for 2022 of £586 million. Significant support was provided to Members, clients, and colleagues during...

People aged 18-24 are more than twice as likely to choose a tracker mortgage than any other age group Those 55 or...

The Bank of England last week hiked interest rates by 0.5 percentage points - pushing the benchmark rate to 4% up...

Mortgage holders swallowed another bitter pill last week when the Bank of England raised interest rates for the tenth consecutive time. The...

A possible surge in defaults due to economic headwinds should result in lenders reviewing their loan books and underlying security, according...

Newcastle Intermediaries has launched a range of highly competitive 60% and 80% two-year fixed rate mortgage products for borrowers looking for...

Estate agent comparison site, GetAgent.co.uk, claims that after purchasing a property the average homebuyer pays £76,000 during the initial year. In some...

Mortgage rates in the UK have risen significantly during 2022, which appears to have proven an issue for homeowners hoping to switch...

New findings by Revolution Brokers suggest that despite the increasing cost of borrowing, buying is less expensive than renting.  The analysis was conducted by...

New research by Revolution Brokers show that the average monthly cost of a variable rate mortgage has climbed by 13.3% so far...

The FinTech mortgage lender using AI to simplify the mortgage journey for homebuyers and re-mortgagers, MPowered Mortgages, has recently expanded its...

New research by specialist property lending experts, Octane Capital, shows that monthly mortgage payments could increase by £300 each month.  Homebuyers coming to...

Not the best news for the property sector, as the latest research by Revolution Brokers, shows that the monthly cost of...

As governmental changes sweep through the nation, countless elements within the property sector have been affected, including mortgages. Market analysis by specialist...

There seems to be some light at the end of the tunnel for UK citizens regarding tax as research from RIFT...

New findings by Revolution Brokers reveal exactly how much more money homeowners and buyers can expect to pay for their mortgage...

According to new research by online brokerage service, Revolution Brokers, the energy price cap increase set to begin in October will...

According to a leading property firm, the latest announcement that a specialist lender has been given a license to off 50-year...

Every day on the news we hear more and more about the ever-mounting cost-of-living in the UK, and households are now...

If you’ve ever been to the capital, then you’ll know that there are plenty of high-end homes, some for sale or...

Equity release allows the older generation to release some of the money from the value of their home through a series...

In this guest piece, Jess Gerrow, vice president of marketing at Token provides insight into the human side of Open Banking. Driven...

As interest and mortgage rates rise, mortgage providers are becoming stricter when it comes to who they will and will not...

The proportion of disposable household income required to cover average mortgage repayments is 27.6% so far in 2022 – the highest...

This week’s mortgage roundup involves a month of firsts and milestones, with Proportunity and BuildLoan launching UK-first products for buyers. Meanwhile,...

A recent change in mortgage rules that required lenders to check whether homeowners could afford repayments at higher interest rates has...

Last week (June 16), the Bank of England increased the base rate by 0.25%, up from 1.00% to 1.25%. In response, Moneyfacts.co.uk...