All the latest breaking UK mortgage and protection news, updated daily by industry experts.
October has truly been the month for rate instability in my opinion. None of us wanted rates to fluctuate as much as they have over the last month or so, and I don’t think that I was the only one who thought that we might at least enjoy some stability until the end of...
This morning, Barclays Mortgages has announced a new set of age-related criteria for its residential mortgage offerings, hoping to simplifying the mortgage application process for older borrowers. The changes, establish new guidelines for maximum age limits,...
Today, The Mortgage Works (TMW) Nationwide Building Society’s buy-to-let lending only arm released their energy efficiency report for the private buy-to-let rental sector. The latest report from The Mortgage Works explores the energy efficiency of the UK's private...
In a move that clearly highlights the increasing competition within the UK's mortgage market, four major lenders have announced more mortgage rate cuts, the second time in just three weeks. The decision to reduce rates comes after better than anticipated inflation...
As the summer sun continues to shine upon the United Kingdom (Just kidding!), the mortgage market has seen subtle movements in average mortgage rates during the first week of August 2023. According to the latest data released by Uswitch.com, a leading comparison...
In a strong move set to improve mortgage lending and affordability in a tough market, Skipton Building Society has unveiled their Joint Borrower, Sole Proprietor mortgage products. This offering gives aspiring homeowners an exceptional opportunity to achieve their...
London's property market has witnessed a substantial change in recent months, with an increasing number of homeowners choosing to let their properties rather than selling them at current market conditions. Nationwide estate and lettings agent Knight Frank, have today...
Coventry for Intermediaries, the mortgage intermediary specific arm of Coventry Building Society, has today revealed its plans to reduce all residential fixed rates and expand its product range to provide better support to clients and their mortgage brokers. The move...
Today the Bank of England announced another increase in its base rate. This time by 0.25%, meaning that the base interest rate now stands at 5.25% as of the 3rd of August 2023. The decision came as the UK economy begins to demonstrate some growth and inflation drops...
Accord mortgages is set to introduce changes to its buy-to-let mortgage products on Friday the 4th of August 2023. The upcoming update includes adjustments to both fixed rates and new products to enhance their offerings to people looking for buy-to-let financing...
In a bid to offer more financial flexibility and security to homeowners, TSB has announced the launch of their new 3-Year Fixed Product Transfer rates. Available from Thursday the 3rd of August 2023, these mortgage products are set to cater to various Loan to Value...
NatWest, one of the leading mortgage lenders in the UK, has announced today significant changes to their new and existing mortgage product ranges. The changes to mortgage products, which will come into effect from August 2nd 2023, offer a mix of rate decreases and new...
In an effort to provide some financial relief to borrowers, Virgin Money has announced a significant reduction in their mortgage rates on selected remortgage and purchase products. The rate cuts will be in effect starting from today, Tuesday the 1st of August 2023,...
According to an announcement sent out to all brokers this morning, Halifax is set to make a significant change to its lending policy from Tuesday the 1st of August 2023. The bank will be increasing its maximum working age for mortgage applications, allowing customers...
Effective from 28th July 2023, NatWest, one of the UK's leading mortgage lenders, is introducing new enhancements to its' valuation process to facilitate borrowing against properties in England constructed using cladding. These revisions aim to streamline the mortgage...
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