Some newly released information today is sure to send ripples through the housing market, mortgage lenders Accord Mortgages and NatWest have both announced significant rate increases, dashing the hopes of many borrowers and mortgage brokers who were anticipating a...
All the latest breaking UK mortgage and protection news, updated daily by industry experts.
Barclays Introduces Changes to New-Builds, Residency, and Buy-To-Let Applications
Barclays bank has announced significant changes to its mortgage criteria, impacting new-build house purchases, minimum UK residency requirements, and the minimum age for Buy-To-Let applications. Let’s explore what these new changes are, why they are so significant,...
Landlords Consider Selling, Freeing Property For New Homebuyers
In a new development for the UK housing market, recent research from Uswitch has revealed a significant intention among landlords to sell their properties within the next year. This revelation marks a potential shift for the UK property landscape, with implications...
UK Mortgage Rates Surge as Lenders React to Bank of England
In the wake of the Bank of England's recent decision to maintain its base rate at 5.25%, the UK mortgage market has experienced a wave of volatility. Lenders have swiftly responded by adjusting their fixed-rate deals, anticipating prolonged stability in interest...
Nationwide Raises Mortgage Rates as Santander Slashes Them – Rate Adjustments
This week Nationwide and Santander have announced adjustments to their residential mortgage rates, slated to take effect from today. These rate adjustments aim to cater to evolving consumer demands and market conditions, but the raising of rates seen is certainly...
Never Considered Harpenden Building Society For a Mortgage? Why Not?
When looking for a new mortgage, the landscape can often seem dominated by the big names, leaving smaller institutions overlooked. I’m talking the Halifax, Santander, NatWest, and Nationwide of the mortgage market. However, delving into lesser-known lenders like...
UK Property Market Bounces Back: Surprising Trends Revealed in January 2024 Report!
The latest findings from the Royal Institution of Chartered Surveyors (RICS) UK Residential Market Survey for January 2024 indicate a promising turnaround in the UK property market. Positive shifts observed in key things such as buyer demand, agreed sales, and new...
Halifax Announces Exciting Rate Reductions of Up To 0.53%
In a move that's sure to make waves in the housing market, Halifax is shaking things up with some exciting changes to its product range. Effective from Thursday the 1st of February 2024, the following modifications are set to give homebuyers and homeowners more...
Virgin Money Introduces Fix and Switch Mortgage Offering
In a response to the increasing uncertainty surrounding mortgage rates, Virgin Money has unveiled an innovative Fix and Switch mortgage offering, designed to provide customers with a unique combination of stability and flexibility in a challenging mortgage market. In...
UK Housing Market Soars as House Prices Surge in Early 2024
It seems that the UK housing market has experienced a remarkable upswing in the initial weeks of 2024. Recent reports indicate a substantial 13% increase in new sales agreed, showcasing a robust market rebound driven by pent-up demand and the enticing drop in mortgage...
What Is Income Multiple Calculation for Mortgages?
As mortgage brokers, we encounter a common question from prospective borrowers: "How much can I borrow?" Many individuals rely on the widely circulated notion that they can borrow up to 4.5 times their income. However, this oversimplified rule is just the tip of the...
Santander Surprises Market with Mortgage Rate Rise
In an honestly surprising move, Santander announced today that they would be raising selected standard residential fixed rates for both purchase and remortgage clients. This decision comes at a time when most lenders in the UK are actively reducing their mortgage...
New Barclays Mortgage Rate Reductions Amidst UK Market Trends
In a move reflective of the broader market trends, Barclays Bank has announced significant reductions in mortgage interest rates on a selection of their residential purchase and remortgage products, today. The rate cuts, ranging up to 0.50% across the residential...
TMW Unveils Buy-to-Let Mortgage Products with Rates Below 4%
In an exciting development for property investors, The Mortgage Works (TMW) has announced a significant reduction in interest rates across its New Business product ranges, effective from Saturday the 20th of January 2024. The move is set to benefit buy-to-let...
Unlocking Exclusive Mortgage Rates With Oportfolio Mortgages
When it comes to securing the best mortgage rates, timing is everything. At Oportfolio Mortgages, our commitment to providing you with the most competitive rates goes beyond what traditional brokers or price comparison sites can offer. As proud members of the PRIMIS...
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