The North of England isn’t just synonymous with cheap pints, brit-pop and pies anymore! It seems that the North of England is capturing the attention of property investors like never before. Paragon Bank’s recent report, The Factors Driving the Buy-to-Let Market in...
According to the recently released Barclays Property Insights report, UK rental and mortgage payments have surged to their highest level in over a year, with an increase of 6.4% in October 2024. This marks the steepest growth in housing costs since September 2023, yet...
HSBC has announced a huge increase in mortgage rates across nearly all of their lending categories including residential and Buy-to-Let mortgages. It is quite clear that this rate rise from HSBC (one of the UK’s big six lenders) will negatively impact a lot of...
In a significant move for the mortgage market, Virgin Money has announced reductions in its fixed mortgage rates across various buy-to-let (BTL) and remortgage products, effective from today. This announcement comes as the UK inflation rate drops to 2.3%, the lowest...
HSBC has unveiled a new offering for international investors, introducing international buy to let mortgage option that caters to a diverse range of global buyers. This new product allows individuals residing in approved countries to apply for UK-based BTL mortgages...
Precise Mortgages, a leading specialist lender and part of the OSB Group, has announced the expansion of its residential mortgage range with the introduction of a new one-year fixed-rate and other lifetime tracker mortgage products. These new products are significant...
Londoners looking to buy a home are facing stark financial realities as new research reveals that monthly mortgage payments are, on average, 42% higher than rental costs. The discrepancy is even more pronounced in inner London, where homeowners pay 66% more than...
New research from the Bank of England reveals a significant shift in the mortgage market. According to the bank's research, one in four mortgages will now extend into the borrower's retirement years. Meaning that 25% or 1/4 of mortgage borrowers will still be paying...
Barclays has announced a significant reduction in mortgage rates across a range of their products, a move set to benefit both new buyers and existing homeowners looking to remortgage. The new rates will be effective from Friday the 17th of May 2024, and include...
The latest data from Mojo Mortgages reveals a startling surge in remortgaging rates, with the average mortgage rate in April 2024 soaring to 5.33%. This figure is almost triple the rate seen in April 2022, which stood at a modest 1.78%. The steep increase in mortgage...
Welcome to our exclusive interview with Russell White, the Director of Winkworth Estate Agents Putney, a distinguished figure in the residential property sales and purchases arena. Winkworth Putney, a cornerstone of South West London's property market, boasts a legacy...
On Friday we were sent the latest landlord limited company report from The Mortgage Works (TMW), the buy-to-let arm of Nationwide Building Society. The report sheds light on the dynamics within the limited company landlord segment of the UK's buy-to-let (BTL) market....
In a surprising announcement that frankly none of us in the industry really predicted, Barclays Bank has announced significant reductions in the cost of some of their fixed-rate mortgage deals for residential home purchases. From today (8th of May 2024), residential...
UK house price growth has hit a stumbling block, with a recent report from Nationwide building society revealing a 0.4% fall in average property costs last month compared to March 2024. This dip marks a significant slowdown, dragging the annual rate of growth down to...
2024 has already proved to be a tricky year for mortgages in the UK. Many borrowers and brokers hoped that we might have left rate rises back in 2023, however this has not been the case. In the last few weeks we have seen many lenders increase their mortgage rates....
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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