According to the recently released Barclays Property Insights report, UK rental and mortgage payments have surged to their highest level in over a year, with an increase of 6.4% in October 2024. This marks the steepest growth in housing costs since September 2023, yet...
HSBC has announced a huge increase in mortgage rates across nearly all of their lending categories including residential and Buy-to-Let mortgages. It is quite clear that this rate rise from HSBC (one of the UK’s big six lenders) will negatively impact a lot of...
Almost certainly in response to the recent base rate reduction by the Bank of England, Leeds Building Society has announced updates to its mortgage products. Although not one of the typical big six lenders of the UK, Leeds’s new mortgage products definitely offer some...
This morning another lifeline was thrown to the UK new build market. A market that has certainly felt the strain of the cost of the struggling economy over the last year. In an email to brokers across the country this morning, Skipton Building Society has announced...
2023 has been a tough year for property investors in general. There really is no question about that. The question on the minds of many prospective landlords and current property owners is whether buy-to-let investments are really still worth pursuing in the current...
When it comes to mortgages, many people wonder if the size of their bank account or their income influences the terms of their home loan. Of course, in most cases, the more money you earn the larger mortgage loan you can often achieve. However, it’s a common belief...
Three major UK mortgage lenders—Barclays, TSB, and Accord—have announced significant reductions in their mortgage rates today. These changes come as part of their ongoing efforts to provide competitive and attractive financing options in a housing market that has...
“Time to remortgage” can be a scary thing for any homeowner to hear. But why? It should be quite straight forward. Right? In this day and age, it's not uncommon for people to seek a variety of opinions, especially when considering a remortgage. Recently, we had the...
In an era where securing personal insurance is crucial, being with the right protection advisor is a must. At Oportfolio, we ensure that our clients not only obtain the right coverage but also enjoy added perks that might otherwise go unnoticed if secured online or...
Several years ago, Oportfolio Mortgages became part of the PRIMIS mortgage network. As an appointed representative of PRIMIS, that means that our brokers and administrators at Oportfolio have access to an abundance of support and unparalleled access to exclusive...
In a move that has captured the attention of mortgage brokers, estate agents, prospective homebuyers, and industry experts alike, Nationwide, one of the UK's leading mortgage lenders, has announced a significant reduction in its residential mortgage rates. Starting...
In a communication to all subscribing mortgage brokers, TSB has recently announced some pretty substantial cuts to their mortgage interest rates across various parts of their residential mortgage product range. These reductions extend to both shared ownership and...
Remortgaging To Release Equity: A Comprehensive Guide Release equity? What on Earth is that? Most people are taught about getting a mortgage to buy a property. A straightforward loan that you pay back per month to the bank until you clear the balance. But what if you...
Accord Mortgages has announced a significant reduction in rates across its Buy-to-Let New Business product range. The adjustments, set to take effect on Friday the 10th of November 2023, come in response to the volatile mortgage market conditions in the UK, with...
In a recent economic update sent out to mortgage brokers, The Mortgage Lender (TML) painted a sobering picture of the current economic landscape, highlighting several challenges that are impacting the mortgage market and the broader economy. As part of the PRIMIS...
If you have any questions about UK mortgage news or anything you’ve read then please get in touch. We’d love to hear from you.
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