Fixed mortgage rates have fallen once again this week, with new sub-4% deals entering the market, according to Moneyfacts. However, despite these reductions, the average rates on two- and five-year fixed mortgages remained unchanged compared to the previous week. In...
Later life mortgage lending is on the rise in the UK, with more older borrowers securing mortgages than ever before. According to the latest UK Finance data, the number of mortgages taken out by older borrowers surged to 35,840 in Q4 2024, marking a significant 28.2%...
Hinckley & Rugby Building Society has unveiled a new Visa Buy-to-Let mortgage range, aiming to support skilled professionals, entrepreneurs, and investors on visas in purchasing or refinancing property in the UK. This initiative reflects the growing demand for...
This morning Halifax has unveiled significant changes to its mortgage product range, leaving homebuyers and homeowners alike with plenty to celebrate as they step into the new year. The alterations, spanning Homebuyer, Remortgage, Product Transfer, and Further Advance...
As 2023 draws to a close, it's time to reflect on the past year's trends in the mortgage market and look ahead to what 2024 may hold. In a message to Oportfolio Mortgages brokers, Mike Hardy of The Equity Release Experts offers a promising outlook for the coming year,...
In a noteworthy trend, our advisors at Oportfolio Mortgages have seen a significant increase in client requests for mortgages aligned with ethical banking practices. This shift reflects a growing awareness among consumers about the impact of their financial decisions...
Merry Christmas and a happy and prosperous new year from everyone here at Oportfolio! As we bid farewell to 2023, it's time to reflect on the tumultuous yet transformative year that unfolded in the mortgage market. From soaring highs to challenging lows, the industry...
As the summer sun continues to shine upon the United Kingdom (Just kidding!), the mortgage market has seen subtle movements in average mortgage rates during the last week of December 2023. According to the latest data released by Uswitch.com, a leading comparison...
This month the Royal Institute of Chartered Surveyors released their November 2023 RICS Residential Market Survey, a survey which analyses the residential property market and trends. Against a backdrop of challenges, subtle shifts and emerging trends bring a somewhat...
A recent study by Uswitch has uncovered a significant shift in the priorities of UK homebuyers, with more than 4 in 10 (43%) indicating a willingness to pay a premium for energy efficient properties. The findings reveal a growing trend among buyers who are...
In a significant development announced today, Virgin Money has adjusted its lending criteria, paving the way for potential homebuyers to secure larger mortgages and enjoy extended terms. As exclusive mortgage brokers and as part of the PRIMIS mortgage network,...
This morning Nationwide Building Society has announced that they will be introducing changes to their UK mortgage visa requirements. From today they will be making a reduction in the minimum visa validity period required for mortgage applications. The change,...
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...
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...
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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