All the latest breaking UK mortgage and protection news, updated daily by industry experts.
It sounds simple enough, “We lend up to 5x your income.” But as Santander’s latest market update made clear, these catchy marketing lines can be misleading. In this bite sized blog, we will explore larger income multiple borrowing and what it actually means to people...
In 1974, the average first-time buyer could save a property deposit in just three months. Today, that same goal takes more than 11 years. Le that sink in. Santander’s figures from their latest market update starkly illustrate the affordability crisis facing first-time...
It’s one of the most frustrating experiences a client can face. A mortgage application declined, despite a solid deposit and a clean credit record. According to Santander’s latest insights, there are a few hidden reasons this happens. In this article we are going to...
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 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...
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 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...
The Office of National Statistics have sensationally announced that UK inflation has dropped to 8.7%, the first time it has been below double figures in almost a year. So what does this mean for definite? What could it mean for the future? And what does this mean for...
A newly announced government initiative could see lenders providing mortgage rate reductions for energy efficient homes or homeowners who are willing to make improvements to their existing properties, making them more energy efficient. With the average mortgage rate...
It isn’t just about rates. When looking at mortgages it is important to consider all mortgage fees, other associated fees, incentives and the small print. This is what we do for our clients, and this is what sets our advice and guidance apart from the rest. In this...
We at Oportfolio Mortgages have some very exciting news. We are now officially working with eConveyancer, a property conveyancing organisation that will help us to provide an even smoother and better mortgage journey for our remortgage clients. What Is A Conveyancer?...
Recently released data shows that unfortunately mortgage arrears in the UK are on the rise, due mainly to the ongoing costs of living crisis. An increase in both mortgage interest rates and the general costs of food and utilities over the last few months has meant...
Halifax bank have announced that they will be making some significant new changes to their existing loan to income affordability criteria. These new changes being brought in are a surprising yet encouraging move from a major high street lender like Halifax, but they...
Newly released data from national estate agent Hampton's shows that average rent for outside London has exceeded £1,000 a month for the first time, clearly displaying the drastic shift in the rental market over recent months. In the capital, where our head office is...
UK buy to let mortgage lenders Accord mortgages and Bank of Ireland have both announced that they will be making some big changes to buy to let products that they currently offer. Specifically, they will both be increasing the rates on their main products, meaning...
If you have any questions about UK mortgage news or or anything you’ve read then please get in touch. We’d love to hear from you.