First-time buyer (FTB) mortgages in the UK are experiencing notable shifts, with recent data from TSB shedding light on some new emerging trends. According to TSB's latest findings, the average first-time buyer mortgage term reached 32 years in 2023, marking a steady...
All the latest breaking UK mortgage and protection news, updated daily by industry experts.
Accord Makes Changes To Part and Part Mortgage Criteria
To streamline and enhance its lending practices, Accord Mortgages has announced significant updates to its Part and Part mortgage criteria. These new criteria changes apply to borrowers looking at Part and Part mortgage loans who intend to sell the property at the end...
NatWest Switcher Offer Increases Mortgage Rates and Terms
We've just received an important update from NatWest regarding changes to their mortgage offerings for existing customers looking at switcher products. At the end of 2023 and in the first few weeks and months of 2024, lenders had been reducing rates like they were...
More Stamp Duty Incurred By London Purchasers
Shocking research by mortgage lender Coventry Building Society has revealed that despite recent stamp duty cuts and changes to the rules, London based home purchasers are paying significantly more stamp duty than any other area of the country. So, what is stamp duty?...
Releasing Equity For Debt Consolidation Has Increased
2022, going in to 2023 has been an incredibly difficult time for many people. The current economic crisis that we find ourselves in has tightened a lot of people's purse strings, eaten up savings, and has unfortunately left many worse off than they were before. As a...
Two Lenders Make Changes To Their Stress Rates
As we reach then end of the first week of March 2023, the mortgage market has already seen a lot of changes coming in from mortgage lenders. Not all of them positive! Unfortunately a few lenders have started to increase their mortgage rates again, despite reducing...
Mortgage Approvals Low For Fifth Month
Statistics recorded and released by the Bank of England show that mortgage approvals on average have slumped and fallen for the fifth month in a row. This means that more mortgage applications, which would normally go through to offer smoothly, are being declined or...
Halifax and BM Solutions Extend Mortgage Completion
Halifax bank and buy-to-let only lender BM solutions (Birmingham Midshires) have announced this morning that they have made some changes to their products, specifically around their completion dates on selected products and mortgage types. Here is a breakdown of what...
Is Prime London Property Bouncing Back?
Historically, owning prime property in London has been a safe and savvy way to invest your money. People from across the globe have fought to own an exclusive piece of the capital. And it looked like this was going to continue forever. However, a disastrous turn of...
Accord and Coventry Cut Their UK Mortgage Rates
Both Accord Mortgages and Coventry Building Society have sent out email notifications this morning to mortgage advisors, announcing that they are making some big reductions on their UK mortgage rates. These welcome changes come after a week of uncertainty as some...
Are Over-50s Being Priced Out By The Recession?
As more and more news articles are produced about the current economic struggles that the UK faces, we hear a lot about the impact that the economic crisis will have on young people. However, studies show that a large amount of over-50s are actually concerned about...
House Sales In January Lowest Since 2015
Troubling statistics released show that in January 2023, house sales were the lowest that they have been in 8 years since January 2015. Why has this happened? Will it get better? And what could this mean for people looking to get on the property ladder and build their...
Does Shared Ownership Need Re-Branding?
Back in the day, purchasing your first home was much easier. We know that this has become a bit of a cliché, but it's true! 20, 30, 40+ years ago, buying a home in your early 20's was something that was expected to happen. In 1983 the average price of a house in the...
First Time Buyer Deposit Saver By Coventry
Perhaps the biggest stumbling block for first time buyers when considering flying the parent's nest or finally getting out of the generation rent cycle. How much deposit do you need as a first time buyer, and how are you supposed to save a deposit in this day and age?...
Virgin Money Makes Surprising Mortgage Rate Increase
For the last few week we have been reporting on the welcome rate reductions coming from most lenders following the dramatic rate hike of 2022. For many mortgage brokers, it looked like things were finally returning to somewhat normal levels. However, Virgin Money, the...
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