Nationwide Building Society has announced a significant reduction in its mortgage rates, with the lowest rate now dipping below 4%. The mutual lender has reduced prices by up to 0.25% across its two-, three-, and five-year fixed-rate products, making it the first...
The mortgage market is seeing a notable trend: second charge mortgage loan applications are on the rise. Recent data released today by the Finance & Leasing Association highlights that the value of second charge lending in May was 22% higher than the same month...
The availability of low deposit mortgage deals has surged to its highest level in over two years, offering a glimmer of hope for prospective homebuyers. And in our eyes, this could signal that market stability is increasing. According to the latest data from...
In newly release figures from property website Zoopla, annual rental growth reached the highest level for 13 years at 4.6% in the third quarter. The average cost of renting a home in the UK, excluding London, now stands at £809 per month, 6% more than a year earlier!
After several years of living the city lifestyle, our client wanted to buy his dream second family home in the idyllic historical coastal county of Cornwall in the Southwest of England. His main concern was that he wanted to keep his current property and didn’t have access to enough personal funds to put down a deposit on the new second property.
A lot of big changes in the mortgage processing world have happened within the last few months but we were all quite taken aback when Halifax announced last week that they would reducing their standard valuation fee across the board. Something that even experienced mortgage professionals did not see coming.
The Rightmove House Price Index has released surprising figures this month that show the average house price coming on to the market has reduced by 0.6% compared to last month’s figures potentially encouraging new buyers over the holidays.
Figures show that the 2021 average house price is now £256,000 and London’s average soars above this at £495,000! These figures can be quite disheartening but don’t fear, there is hope on the horizon.
Official statistics have shown that mortgage arrears across the board have fallen and continue to fall drastically, nearing historical lows according to UK Finance.
Fantastic news for people looking for a buy to let, buying at auction or, purchasing a property that might need a little TLC.
In 2019, Our client first came to us at Oportfolio to see how we could help him purchase his dream first home. Like many first-time buyers, our client did not know where to start and did not know what he could afford.
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.
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