Today, The Mortgage Works (TMW) Nationwide Building Society’s buy-to-let lending only arm released their energy efficiency report for the private buy-to-let rental sector. The latest report from The Mortgage Works explores the energy efficiency of the UK's private...
A couple of weeks ago, our team at Oportfolio Mortgages had the pleasure of welcoming Abi Muazu, business development manager for Barclays mortgages into our Putney mortgage brokerage. As part of our ongoing commitment to building close relationships with mortgage...
Halifax announced yesterday an increase in interest rates across its 2-year and 5-year fixed mortgage products. Borrowers will see rate hikes ranging between 0.11% and 0.24%, effective immediately. The changes come as part of a broader shift in mortgage pricing, with...
Several months ago, we reported that Skipton Building Society, a prominent name in the mortgage market, were launching 100% mortgages to new borrowers. Essentially allowing borrowers to get a mortgage on a property without putting down the normal minimum 5% deposit....
In a pretty daunting announcement for the UK mortgage market, data from the CACI Mortgage Market Database revealed that a staggering £111 billion worth of residential mortgages and £15.8 billion of Buy-to-Let mortgages are set to mature before the end of the year....
In a recent report released by the Office for National Statistics (ONS), the average UK house prices experienced a modest increase of 1.7% in the year leading up to June 2023, signalling a potential shift in the dynamics of the property market. The data reveals a...
Living in a property for years and making it your own, can often make it very difficult for tenants to part with it. For some lucky first-time buyers, the opportunity might arise for them to actually purchase their rental property from their landlord. For many...
In a notable shift within the mortgage market, demand for interest-only mortgages has plummeted by over half over the last eight years, dropping below the one million mark, according to data released by the Financial Conduct Authority (FCA). The FCA's recent report...
In another tough blow to UK landlords, The Mortgage Works (TMW) has announced an adjustment to its stress rate for buy-to-let (BTL) portfolio landlords. For buy-to-let mortgage applications, a lender will normally stress test the interest of the loan and the projected...
In a much anticipated update, it seems that the United Kingdom's economic landscape has show signs of recovery as the real gross domestic product (GDP) experienced a small growth of 0.2% in the second quarter of 2023, spanning from April 2023 to June 2023 according to...
In a move that clearly highlights the increasing competition within the UK's mortgage market, four major lenders have announced more mortgage rate cuts, the second time in just three weeks. The decision to reduce rates comes after better than anticipated inflation...
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 first week of August 2023. According to the latest data released by Uswitch.com, a leading comparison...
In a strong move set to improve mortgage lending and affordability in a tough market, Skipton Building Society has unveiled their Joint Borrower, Sole Proprietor mortgage products. This offering gives aspiring homeowners an exceptional opportunity to achieve their...
London's property market has witnessed a substantial change in recent months, with an increasing number of homeowners choosing to let their properties rather than selling them at current market conditions. Nationwide estate and lettings agent Knight Frank, have today...
Coventry for Intermediaries, the mortgage intermediary specific arm of Coventry Building Society, has today revealed its plans to reduce all residential fixed rates and expand its product range to provide better support to clients and their mortgage brokers. The move...
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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