All the latest breaking UK mortgage and protection news, updated daily by industry experts.
Almost certainly in response to the recent base rate reduction by the Bank of England, Leeds Building Society has announced updates to its mortgage products. Although not one of the typical big six lenders of the UK, Leeds’s new mortgage products definitely offer some...
NatWest has announced this morning that they will be simplifying their criteria for using earned rental income for a mortgage application, for residential purposes. Most mortgage lenders will use earned income from employment and self employment as a means to...
It has been announced today that HSBC has increased mortgage product rates on 53 of its mortgage products, impacting many different areas of residential mortgage borrowing. Some of the customers expected to be impacted by the rate increases are existing customers...
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...
In a move that is sure to bring cheer to prospective homebuyers and homeowners looking to refinance their properties for loans up to £2 million, Barclays has announced a significant reduction in its 2-year fixed mortgage rates for loans of up to £2 million. This move...
In a perhaps not so surprising announcement for the UK property market, the average UK annual house prices have recorded their first drop in over a decade. Zoopla's latest house price index reveals that in September 2023, property prices were 0.5% lower than the same...
Homebuyers and property investors alike are set to benefit from new products released by HSBC this week, as the high street bank slashes rates by up to 0.16% on over 140 mortgage products. This strategic decision marks a significant reduction in interest rate...
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