In most cases, you’ll need a salary of around £80,000–£100,000 to get a £400k mortgage in the UK, depending on your deposit, income type, and lender affordability rules. Below, we break down realistic salary scenarios, deposit examples and lender calculations so you...
Should I wait for mortgage rates to fall? This week’s mortgage FAQ answers one of the most common questions we’re hearing from buyers and homeowners right now. Many people are wondering whether they should wait for rates to fall, or act sooner. Here’s what you need to...
UK Mortgage Market Update – 23 February 2026 The UK mortgage market continues to shift as inflation eases, interest rate expectations change, and house prices show signs of renewed momentum. Here’s what happened this week, and what it means if you’re buying,...
Leeds Building Society, a prominent name in the mortgage industry, has recently announced a move to reduce mortgage rates for certain products, aiming to provide enhanced financial benefits to potential homebuyers and homeowners. The institution's decision to adjust...
In a significant development for the mortgage market, HSBC has revealed upcoming changes to its mortgage product ranges that are set to take effect from this Wednesday, the 23rd of August 2023. These updates will impact both residential borrowers and Buy-to-Let (BTL)...
London homeowners are facing a mounting financial challenge as new analysis by City Hall reveals that a significant portion, one third to be exact, feel that they are at risk of struggling to meet their mortgage payments over the next six months. This distressing...
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...
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.