UK foreign national mortgage lending has just gone through a big change, and this change comes at the hands of mortgage lender Santander. Historically being a foreign national and getting a mortgage in the UK has sometimes been a tricky feat due to things like right...
All the latest breaking UK mortgage and protection news, updated daily by industry experts.
New Barclays Mortgage At 3.71% Announced
A new Barclays mortgage product at 3.71% has been announced this week, becoming the latest in quite a few recent announcements from big UK mortgage lenders who are all dropping their rates below 4%. In recent weeks there has been a mortgage 'rate war' or sorts which...
NatWest Buy-To-Let Mortgage Rates Come Down 0.60%
NatWest buy-to-let mortgage products have been hit by some significant rate reductions this morning, giving a boost to both current and aspiring buy-to-let landlord investors. Over the last few years the buy-to-let market has taken a bit of a beating to put it...
New Mortgage Rates UK and Average UK Rates
Today, both Nationwide Building Society and Bank of Ireland have announced new mortgage rates and products after withdrawing several existing products in the last week. The new products for Bank of Ireland are specifically for their buy-to-let mortgage offerings...
Is the UK Housing Market Improving?
Is the UK housing market improving? There is a lot of conflicting information in the news at the moment about the state of property purchase and sale in the UK. Some people are reporting that property prices are dropping rapidly due to a lack of appetite caused by the...
What Is the Average Age of a First Time Buyer In London?
The average age of a first time buyer is going up. I'm sure that is no surprise to anyone. Most people reading this article probably have stories of how their grandparents and parents bought their first house at the age of 20 for a couple of thousand pounds and will...
80% Buy-To-Let Mortgages From TMW
80% buy-to-let mortgages from TMW are back. Yes, you read that correctly. TMW, the buy-to-let arm of Nationwide Building Society have announced the re-introduction of 80% LTV buy-to-let loans to their product offerings, as well as several other positive changes to...
Huge Increases To TSB Rates
TSB have announced some surprisingly huge new increases to their interest rates this morning. As brokers, we did expect that we would see TSB rates increasing, however these new products seem to be much higher than most other lenders. The question on everyone's lips...
Coventry Return With Higher Rates
Coventry Building Society have announced a return to the market with some new higher rates, after withdrawing almost all of their existing residential products last week. For reasons that will no doubt become clearer in the next few weeks when the Bank of England's...
2-Year Fixed Mortgages Are £420 a Year Worse Off
A recent study in to the impact of mortgage rate rises since the end of 2022 suggests that the borrowers of average 2-Year Fixed Mortgages are £35 a month or £420 a year worse off, with many paying even more than that on their mortgage deals. How long can this payment...
Mortgage Approval Fails. What Can I Do?
Recent data released by the Bank of England has revealed that mortgage approval has dropped and continues to drop as well as the number of new mortgage borrowing. The main reason for this? The economic crisis. A significant downturn in the UK economy, combined with...
Nationwide Offer New Green 0% Mortgage Product
Nationwide building society announced on the 15th of May 2023 that they would soon be introducing a new green 0% mortgage product for additional borrowing on properties. What does this mean exactly? Well it doesn't mean that you won't have to pay anything at all on...
Changes To Mortgage Products End Of May 2023
Product refreshers, product withdrawals, product increases, whatever you want to call it. Something is stirring in the mortgage market this week, and many lenders are making changes to mortgage products that will mean that rates are going up. In the first couple of...
All Buy To Let Rates Increasing (Bank of Ireland)
Mortgage lender Bank of Ireland, normally known for their exclusive low bespoke rate products have announced that we will soon see buy to let rates increasing across their product offerings. A shock certainly to see this from Bank of Ireland but an understandable...
Several Banks Enhancing Interest Only Criteria
Several UK mortgage lenders have started enhancing their interest only criteria with some great new positive changes, making life much easier for borrowers and brokers alike. When getting a new mortgage, it has traditionally been a default setting (so to speak) to...
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