UK house prices were flat in June, mortgage approvals fell sharply, and affordability remains under pressure. Read the latest UK mortgage market update from Oportfolio Mortgages.
The mortgage market continues to evolve, and there's some good news for eligible Lloyds Premier customers. From the 7th of July, borrowers with a Lloyds Premier Current Account can now access a range of exclusive Lloyds Premier mortgage deals through authorised...
Can you get a mortgage if you have cancer? We explain how lenders assess applications, whether cancer affects mortgage approval and the support available to homeowners.
Purchasing a residential house is a significant milestone in anyone's life, often symbolising financial stability and personal achievement. However, the soaring property prices in recent years have made this dream a bit more challenging to attain. Mortgage...
Owning a property is an aim held by many, and owning further properties to rent out and earn a secondary income is a dream that can become a reality, with the right mortgage partner and broker. In this blog post, we'll explore the realm of mortgage affordability with...
In an effort to adapt to the ever changing UK mortgage market, Virgin Money, the banking arm of Richard Branson's Virgin Group, is set to launch a series of new mortgage products today (23rd of August 2023). These offerings cater to a range of borrowers, from...
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...
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.
