Buying property to rent out can be an excellent way to build wealth, generate regular income, and secure your financial future. But becoming a successful landlord isn’t as simple as purchasing a property and finding tenants. The buy-to-let market is complex, and...
Nationwide Building Society has experienced an enormous rush in demand for its Helping Hand mortgage, following its decision to raise its upper lending limit to six times salary, allowing thousands more first-time buyers to obtain their initial foot on the property...
The Mortgage Works (TMW) has launched a new range of HMO (House of Multiple Occupation) mortgage criteria, including Limited Company deals, competitive loan-to-values of up to 75%, and a choice of fees. The revamp provides more flexibility for landlords looking to...
As head of content and marketing here at Oportfolio Mortgages, my job is to keep you, our clients, up to date and informed about the latest market news and trends. I am pleased to report to you in this article some interesting new data released by HMRC around property...
Recent research from Octane Capital has revealed a promising forecast for mortgage rates in the UK. The study, which analysed average swap rates over 30 and 60-day periods, indicates that swap rates have started to decline. This shift could herald a significant...
Nationwide Building Society has announced a significant reduction in its mortgage rates, with the lowest rate now dipping below 4%. The mutual lender has reduced prices by up to 0.25% across its two-, three-, and five-year fixed-rate products, making it the first...
The mortgage market is seeing a notable trend: second charge mortgage loan applications are on the rise. Recent data released today by the Finance & Leasing Association highlights that the value of second charge lending in May was 22% higher than the same month...
The availability of low deposit mortgage deals has surged to its highest level in over two years, offering a glimmer of hope for prospective homebuyers. And in our eyes, this could signal that market stability is increasing. According to the latest data from...
Our client recently faced the complex and emotionally charged task of separating finances and property ownership after splitting from his partner. The couple had a joint mortgage on their residential property, a buy-to-let (BTL) property with a mortgage, and a second...
Putney, a picturesque suburb of South West London, has long been a sought-after location for homebuyers. Conveniently located next to the River Thames, this charming area boasts a vibrant community, excellent amenities, and superb transport links. Whether you're...
From the 2nd of July 2024, NatWest is implementing a series of rate reductions across its mortgage product range, providing potential savings for both new and existing customers. This strategic move comes as the UK property market experiences a notable upswing, with...
NatWest has announced a significant change to its mortgage lending criteria, which is poised to make a substantial impact on the new build property market. The high street bank has increased its loan-to-value (LTV) ratios for new build homes, a move that will enable...
Purchasing a property is going to be expensive. Unfortunately there is no sugar coating it! Most homebuyers understand that there will be associated costs with purchasing a property. But many don’t know what these costs are, or what they mean. One significant cost...
Finally, some news that we have all almost literally been holding our breaths for! Barclays Bank has announced reductions in its mortgage rates, becoming the first of the 'Big 6' mortgage lenders to do so after the Bank of England hit its inflation target of 2%. The...
Barclays has announced significant changes to its interest only mortgage requirements, introducing a new tiered equity system based on the location of the security property. This update, effective immediately, is designed to provide a more location-specific approach...
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.