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.
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.
This week, and specifically in the last couple of days, we have seen a lot of mortgage lender changes being announced. Changes around mortgage interest rate increases, mortgage interest rate decreases, product withdrawals, product introductions, and changes to lender...
In recent times, we have noticed that there has been a significant shift in the market in terms of the length of time that people are taking a mortgage for. It used to be the case that a 25 or perhaps 30 year mortgage term was a standard number of years for someone to...
The property market is a strange beast at the moment, that is no secret. Things are more complicated than they once were when searching for that dream home. Mortgages were pretty chaotic for a few months at the end of 2022 and beginning of 2023 and are still...
As many people predicted, it looks like we have seen the first lender to raise mortgage interest rates since it was announced that UK inflation had only decreased marginally. Nationwide building society have announced that from the 26th of April they will raise...
Over the last 6 months or so, most mortgage borrowers will have seen a significant mortgage payment increase. This is because the current economic climate has made mortgage lenders increase their mortgage rates from record lows. For those lucky enough to have secured...
Over the last few months, the property market in the UK has been a little hostile to say the least. Interest in property has dipped and risen more frequently than a roller coaster as interest rates have peaked and dropped and peaked and dropped again. The cost of...
At Oportfolio Mortgages, we help clients with a wide range of financial and property-related borrowing needs, including mortgages, protection and refinancing. However, some areas of lending require highly specialised advice. One of these areas is equity release. For...
It has been announced today that unfortunately, despite predictions and the Bank of England's best efforts, the UK inflation rate still remains at above 10% (specifically 10.1%). A far cry away from the target inflation rate of 2% that the bank holds and falling...
Historically, choosing a 5 year or 2 year fixed mortgage was quite a straightforward decision to make for mortgage borrowers. Essentially, do you want to keep the mortgage with a competitive rate for a couple of years and then potentially move on to something...
This morning TSB have announced a slew of changes to the products they offer to borrowers, including a new five year fixed rate mortgage at below 4%! Something that most lenders haven't offered since before the announcement of the disastrous mini-budget in September...
2023 has turned out to be very tough year for the average UK resident. With spiralling interest rates and the general cost of living going to unprecedented levels, people are struggling to keep up with their bills and many are defaulting on mortgages, credit cards,...
Following on from our blog post yesterday about Coventry Building Society lowering 90% and 95% mortgage products for first-time buyers, Nationwide building society have also announced that they will be reducing rates on their own 90% and 95% mortgage products. These...