Accord mortgages, perhaps a somewhat lesser known UK mortgage lender, has today announced some very interesting New Build mortgage affordability criteria. If you are in the market for purchasing a new build residential home, then this new update will be right up your...
In a very interesting move this week, one of the UK's big six mortgage lenders has narrowly undercut one of their major competitors to offer the current lowest mortgage rate on the mainstream market. A new NatWest mortgage rate of 3.77% has been released this week,...
Is it possible to get a 5.5X income mortgage? That is a very common question that I am hearing more and more. Mainly because borrowing money is becoming more difficult. When I first started working in mortgages and property, there were plenty of purchase schemes...
The Telegraph and other news outlets reported over the weekend that we may be seeing the first signs of mortgage rates dropping since the former Chancellor of the Exchequer Kwasi Kwarteng announced a disastrous mini budget a few weeks ago. But are rates...
The lending arm of Richard Branson's mega corporation Virgin, Virgin Money sent out an email to mortgage brokers today to announce that they have launched some new exclusive mortgage broker rates for residential and buy-to-let borrowing. As members of the PRIMIS...
In a statement today, the deputy governor of the Bank of England Ben Broadbent announced that the rate rises that we have seen in recent weeks and month might be more than we actually need. Meaning that the interest rate rises, and the outlook of the economy...
Key facts: Clients were contacted by Oportfolio 6 months before their fixed rate deal was due to end They had been enjoying a fixed rate mortgage for 2 years and had completely forgotten that their rate was due to expire If they hadn't been contacted, they would have...
In this day and age, 95% mortgages are few and far between unfortunately as lenders are still cautious about how much they lend and who qualifies for the higher mortgages. Now, a standard deposit amount is normally a minimum of 10% i.e. 90% mortgage, with...
Key facts: Clients were British citizens living in the US Having recently secured a job in London, the couple decided that they would re-locate to the UK and wanted to buy a home here. They had a mortgage in the US on their previous residence that wasn't sold yet....
New data produced by property website Rightmove yesterday shows that property prices are still high and breaking records, despite the economy struggling in recent months. We, like most financial service companies think that property prices are likely to reach a...
With the announcement coming out of parliament today that the new chancellor Jeremy Hunt will backtrack on almost all of the previous chancellor's tax cut announcements from the mini budget, a lot of people have been asking "where are mortgage rates heading?". In our...
Following a press release this morning given by the new Chancellor of the Exchequer Jeremy Hunt, confidence has returned slightly to the market. But many don't think that this will cause any drop in mortgage rates to occur. Jeremy Hunt, the newly appointed...
Before the weekend, finance news outlets across the country broke the news that mortgages could cost and extra £5,100 per year for the average mortgage borrower by the end of 2024. A shocking claim, yes. But is it true? Market analysis organisation Resolution...
A report issued out to the public yesterday by mortgage lender Santander shows that an increasing number of property purchasers are willing to pay more for energy efficient homes as the increased costs to heat and power a property starts to impact the general...
For most mortgage borrowers, the sensible thing to do has been to fix your mortgage product and rate for a certain period of time. Most lenders will offer products that you can fix for 2, 3, 5 or 10 years. Fixing your mortgage rate means that you will have confidence...
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