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...

Extra help for first-time home buyers is on the way as Lloyds Banking Group increases the amount prospective homeowners can borrow,...

Nationwide says UK house prices fell by 0.2% month on month in August, after taking account of seasonal effects, but the...

A lender has re-entered the market for expats seeking to buy furnished holiday lets. The Marsden Building Society - which specialises in...

Hamptons analysis of Countrywide estate agency data shows that in the first half of 2024, Londoners purchased 33,130 homes outside the...

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

Mojo Mortgages’ data has revealed that extending a mortgage from 25 to 35 years can cost the average first-time buyer an...

The positive impact of this month’s Bank of England base rate cut, combined with other encouraging market data, has led Rightmove...

New data from Legal & General’s Ignite platform shows a significant increase in over-50s seeking remortgages with terms taking them close...

UK house prices increased by 0.3% month on month in July, after taking account of seasonal effects.  This resulted in a slight...

Rightmove has broadly welcomed the raft of proposals put forward by the new Labour government to help first time buyers, but...

A new lettings market index has been launched by the Skipton Group, parent company of Connells, the country’s largest lettings and...

The latest residential sentiment survey from the Royal Institution of Chartered Surveyors suggests a currently-subdued housing market but with a more...

Hinckley & Rugby for Intermediaries has enhanced its flexible mortgage range, cutting selected rates by up to 30bps and launching new...

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

The Conservatives are set to lose nearly half of homeowner votes this week, latest polling from national estate agency Jackson-Stops reveals....

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...

Aldermore has expanded its mortgage range to appeal to self-employed contractors operating via a limited company or sole trader, enabling them...

There’s been particularly sharp criticism for the Bank of England’s decision at the end of last week to hold base rate...

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...

Hinckley & Rugby Building Society has launched a range of mortgages to help skilled foreign workers in the UK own their...

Buy to let lender Landbay has enhanced its like-for-like remortgage range with new lower stress testing, alongside new rate reductions. For landlords...

UK mortgage lending is forecast to grow just 1.5% (net) in 2024, according to the latest EY ITEM Club Outlook for...

Research from independent mortgage monitor Moneyfactscompare suggests that building societies are working hard to support first-time buyers, for whom affordability has...

The Hinckley & Rugby building society has announced two cuts to rates across its mortgage range in short order.  After rate cuts...

Big demand for small properties has helped to drive growth in UK property prices in the early months of this year,...

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

An analysis of government house price data by business consultancy Hargreaves Lansdown suggests the typical mortgage term for a first time...

UK house prices fell by 0.2% in March. Nevertheless, the annual rate of house price growth edged higher to 1.6% in...

Mortgage approvals jumped 7.7% in February to 60,383, and were 40% higher than they were a year ago, new figures from...

A 2,000-person survey has revealed the diverse financial routes that first time buyers take to get on the property ladder. The survey...

Yorkshire Building Society new fee-free offer will enable first-time buyers across England, Scotland or Wales with a £5,000 deposit to purchase...

FinTech company Mortgage Brain has struck a strategic partnership with SPF Private Clients, a whole-of-market mortgage broker. The deal caters for a...

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

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

Mortgage and protection CRM platform Smartr365 has renewed its longstanding partnership with Legal & General Mortgage Club. The agreement means members of...

A new study has revealed the best and worst UK regions for first-time buyers based on house affordability and earning potential.  The...

April Mortgages has struck a deal for new technology to help it introduce Dutch-style loans into the UK. The new mortgage type...

Rightmove says the housing market needs a more innovative mortgage initiative than the 99 per cent idea floated by the government. The...

Shared ownership has given the new-build division at national brokerage Just Mortgages a bumper start to 2024. New build leads and enquiries...

There were 12,000 first time buyers over the age of 50 in the UK in 2022, the latest figures available. This means that...

Business consultancy Hargreaves Lansdown has identified three major risks associated with the current market, characterised by falling house prices and larger...

Respected estate agency and property consultancy Savills is warning that house prices may dip in 2024. In the run-up to Christmas it...

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

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

A high proportion of first time buyers take advantage of some form of assistance when purchasing their initial home. That’s the verdict...

There’s no prospect of a rapid recovery for the housing market in 2024 despite some green shoots appearing. The warning comes from...

Latest Bank of England data released in recent days shows net mortgage approvals for house purchases rose from 47,900 in October...

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

The number of Londoners leaving the capital to move elsewhere in Britain dropped back sharply in 2023, following two years of...

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...

Saga, the provider of products and services for the over-50s, has teamed up with digital broker Tembo to launch Saga Mortgages. The...

There’s been a sharp decline in household financial confidence in the UK according to the latest UK Finance sentiment survey. The Q3...

Online Mortgage Advisor has conducted a research by looking at how much property prices have outgrown local wages during the past...

The Nationwide wants greater government support for first-time buyers as rising costs delay owning a home. As one of the UK’s biggest...

The Mortgage Lander is warning that mortgages rates will need to come down more, and faster, to really kick-start the housing...

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

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

Searches for interest-only mortgages rose a hefty 51 per cent in the past month as buyers seek to improve affordability. Research data...

Two prominent UK house builders have warned of sharply reduced volumes in the next year or so as buyers struggle to...

Analysts suggest that mortgage lending is likely to fall over the rest of 2023 with both demand and supply dropping thanks...

The Nationwide says high interest rates are helping to redefine the housing market in terms of transaction volumes and choices of...

Brokers are warning that dramatic council ‘effective bankruptcies’ will increase local residents’ tax bills and so hurt mortgage affordability. This follows the...

This week sees the start of Mortgage Vision, the free regional mortgage industry roadshow. Now in its 15th year, Mortgage Vision opens...

The impact of higher interest rates isn’t felt equally across the country, according to data from the Halifax. Despite recording one of...

UK Finance’s latest Household Finance Review - for the second quarter of this year - lifts the lid on mortgages. The headlines...

High interest rates are worsening the affordability issues at play in the housing market, the Halifax admits. It says that downward pressure...

Brokers are up in arms about alleged profiteering by buy to let mortgage lenders’ arrangement fees. These jumped last autumn as a...

Legal & General’s new Ignite platform has seen a rise of 53 per cent in one month for broker searches for...

The latest house price index - this one from the Halifax - has triggered a huge wave of concern about the...

Research published by the Home Builders Federation shows that the new homes owners will save an average of £135 on monthly...

Legal & General has launch a refreshed version of its mortgage research and sourcing platform, Legal & General Ignite. The upgraded platform...

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

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

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

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...

The Mortgage Lender has announced rate cuts across its entire residential range, including purchasing and re-mortgaging products. The specialist lender’s rate reductions...

Luxury asset short-term lender, Suros Capital, has reportedly been seeing an increase in buoyant new business with its loan book now...

Foreign buyers from the United States have been benefitting from a weakening pound to the greatest extent, the latest research by...

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...

In the UK, homeownership remains one of the main aspirations for young adults and families who envision climbing the property ladder...

Living as a resident in London can burn quite a hole into your pockets, but in comparison, by how much exactly? Recent...

This week’s roundup takes a look at the latest in the mortgage market, from L&G’s latest addition to its lender panel...

Despite a move back to normality for those living and working within the capital, demand for apartment-style living across London is...

Self-employed individuals are twice as likely to be rejected for a mortgage, a new report from The Mortgage Lender (TML) shows. Its...

The long-awaited Crossrail line is finally set to launch on 24 May 2022. It will connect the east and west of...

Introducer Today returns with a bumper mortgage roundup, this time featuring the latest industry views on mortgage approvals, new and extended...

Coinciding with International Women’s Day today (March 8), data from the property platform Boomin has found the wide disparity in property affordability...

The latest Nationwide house price index, released yesterday morning, reveals that January has seen the strongest start to the year since...

This week’s mortgage roundup is a range of reduced rates and new products across the mortgage market, with Furness Building Society’s...

Most people are willing to pay a ‘certainty premium’ of £1,200 per year for a long-term guarantee of fixed mortgage repayments,...

The mortgage roundup column returns to bring you the latest news on mortgage products coming to the market, featuring Furness Building...

New data has found that 89% of mortgage advisers believe first-time buyers need more education on purchasing a property and what...

Smartr365 and Experian tie-up set to transform credit checking process Smartr365, an end-to-end mortgage platform, has launched its commercial and strategic partnership...

Tembo, the ‘next generation’ lending platform, has launched a new approach to family lending for mortgages. The lender offers a range of...

Legal & General (L&G) has announced that it will provide its digital mortgage sourcing technology to intermediary business, My Simple Mortgage. L&G...