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...
Halifax bank have announced that they will be making some significant new changes to their existing loan to income affordability criteria. These new changes being brought in are a surprising yet encouraging move from a major high street lender like Halifax, but they...
Newly released data from national estate agent Hampton's shows that average rent for outside London has exceeded £1,000 a month for the first time, clearly displaying the drastic shift in the rental market over recent months. In the capital, where our head office is...
What Are Mortgage Affordability Checks? When applying for a mortgage, you must meet certain mortgage affordability criteria before a loan can be granted to you. Of course you must meet certain rules such as having a good credit profile, purchasing the right type of...
UK buy to let mortgage lenders Accord mortgages and Bank of Ireland have both announced that they will be making some big changes to buy to let products that they currently offer. Specifically, they will both be increasing the rates on their main products, meaning...
The most sensitive topic on the lips of current and potential mortgage borrowers in the UK at the moment is mortgage rate hikes. The news is full of horror stories of how rates have shot up over the last few months, leaving thousands of borrowers worse off on their...
In the week leading up to and in the immediate aftermath of the Bank of England's latest base rate rise, the UK mortgage market unfortunately saw more mortgage rate rises that mortgage rate reductions. On the 11th of May the UK's central bank the Bank of England...
As property prices have become more expensive and the ability to save larger deposits has become more and more difficult, an increasing demand for higher loan to value mortgages has been seen across the mortgage market. The dissolution of the Help to Buy scheme this...
As predicted by most people, the Bank of England has announced that they will be increasing the base rate again. This time by 0.25%. The new Bank of England Base Rate of 4.5% is a whopping 3.5% increase on the 1% level that it was in May 2022 and a 15-year high. What...
Accord mortgages have announced that they will be making it easier for people to borrow more than 4.49X their income as a mortgage. The standard borrowing amount for most people looking to get a residential mortgage is between 4X and 4.5X income, with lenders offering...
As the tight grip of the UK's current economic crisis takes hold, millions are starting to notice that their money isn't getting them as far as it once did. The price of energy bills has increased significantly, costing homeowners and renters thousands more per year....
Buy-to-let affordability assessment stress tests and calculations have got extremely strict in comparison to where they were last year. Lenders have had to restrict their generosity with affordability assessments and increase their requirements at affordability stage...
Building society Skipton have sensationally announced that they are launching a new 100% mortgage product, that means that potential borrowers can get a mortgage for 100% of the value of a property, without having to contribute any deposit themselves! This is a very...
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