All the latest breaking UK mortgage and protection news, updated daily by industry experts.
NatWest mortgages are set to take a bashing this week as the lender announces that their mortgage product rates are due to increase by as much as 0.30%. This is a sharp jolt to mortgage borrowers and frankly to mortgage intermediaries who have all been rejoicing over...
Halifax bank, one of the UK's biggest and most well known mortgage lenders will be releasing some new mortgage products over the next few days, most significantly perhaps, they will be releasing mortgages without early repayment charges. Not only does this mean that...
A new-build shared ownership property can be a great option to when looking to take the first steps on the home ownership ladder. House prices are going up, and in many cases it can be quite difficult for first time buyers to firstly save enough money for a deposit,...
Halifax, one of the UK's big six mortgage providers, has announced a significant change in its self-employed mortgage criteria, which will come into effect from tomorrow (Tuesday the 17th of October 2023). The new criteria will make significant changes to...
In a significant announcement this morning, TSB has unveiled some new lending criteria, aimed at helping individuals secure mortgages into retirement. The new policy reflects the shifting dynamics of the housing market and the growing demand from people looking to...
The UK housing market continues to grapple with uncertainties and challenges, as Nationwide's recently released House Price Index for September 2023 reveals. While house prices remained relatively unchanged over the month, there is a year-on-year decrease of 5.3%,...
In mortgage news today, Coventry Building Society has taken a significant step to enhance the accessibility of homeownership in the UK. The lender has recently introduced fresh 2-year and 3-year fixed-rate mortgage options, catering to those seeking a 90% mortgages...
Virgin Money has recently introduced a host of new residential loan products and reduced interest rates across a selection of its offerings. These changes have sparked interest among homeowners looking to remortgage with Virgin Money. However, navigating the...
In recent weeks and months, the mortgage market in the UK has witnessed a significant shift, as fixed-rate mortgages have seen notable reductions, making homeownership more affordable (if only marginally) for many. According to the latest Moneyfacts UK Mortgage Trends...
In the latest economic market update from The Mortgage Lender, the Bank of England's stance on interest rates and the implications of higher oil prices take centre stage. While the Bank may have reached a pause in its rate hikes, the road to economic stability remains...
In response to shifting market dynamics characterised by dwindling demand and waning interest in high-interest rate mortgages, Virgin Money and Clydesdale Bank have recently announced significant improvements to their mortgage affordability criteria. These changes...
In a move set to delight prospective and current property owners, Coventry Building Society has announced a series of substantial reductions in their mortgage rates. These changes, set to come into effect on Thursday the 5th of October 2023 at 8 am, will impact both...
Accord Mortgages has unveiled substantial rate reductions across its buy-to-let mortgage offerings, signalling a promising change for property investors and landlords. Effective from the 4th of September 2023, these rate cuts are expected to provide a boost to the...
In an interesting turn of events, the United Kingdom's property market seems to be seeing a surge in buyer demand, fuelled by significant recent mortgage rate drops. Zoopla's latest house price index reveals that buyer demand increased by an impressive 12% in...
As we approach the end of the year, self-employed individuals are once again reminded to ensure their tax calculations are complete, as mortgage lenders are set to tighten their requirements for proof of income. Starting from October 6th, 2023, lenders will demand the...
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