UK headline CPI inflation has maintained its position at 4%, in line with December's figures, defying expectations for a rise to 4.2% according to many economists. The January 2024 data released by the Office for National Statistics (ONS) indicates a monthly price...
All the latest breaking UK mortgage and protection news, updated daily by industry experts.
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...
Sellers Cutting Asking Price For Quick Cash Sales
Recent figures show that property sellers are substantially cutting the asking price on their properties by up to £150,000. But not just for anybody. It seems that sellers are knocking huge amounts off their property to attract cash buyers for a quick and...
Virgin Money Increase Mortgage Rates Again
Mortgage lender Virgin money increase mortgage rates again across their core products, despite only announcing rate reductions for some products a couple of weeks ago. These rate increases from Virgin money are just another example of the mass rate rise panic that...
House Prices Rising Or Falling?
How much is my house worth if I look to sell in the next 12 months? How much will I have to fork out to be able to afford a house? Will properties become cheaper? Is the UK set for a housing market crash? Are house prices rising or falling? All valid questions...
Remortgage Borrowing Spikes
Newly released figures from the Bank of England this month show that remortgaging borrowing figures spiked in July 2022 while regular net mortgage borrowing figures dipped slightly. In June 2022, net mortgage borrowing figures for the country were recorded at...
Help To Buy Application Deadline Ends This October
Since beginning in 2013, the government led help to buy equity loan scheme has helped thousands of home buyers purchase properties in the UK. The scheme was introduced to help people who otherwise might have struggled to purchase a property, buy a house or an...
Barclays Mortgage Rates Increase….Again
Barclays Bank have once again increased their mortgage rates. This time the rates have gone up by by up to 28 basis points across their residential purchase, remortgage and buy-to-let mortgage products. This is just another repetition of the country wide lender...
Remortgage To Cut Costs Now
The country is facing possibly the toughest economic struggle that we have seen since the 2008 financial crash. As a direct result of the COVID-19 Pandemic, the war in Ukraine, and lets face it a mismanagement of the economy by the most recent government. Thousands of...
Virgin Money Mortgage Changes
Virgin Money, the banking arm of Richard Branson's massive business empire, have announced that they have made some big changes to both their residential and buy-to-let products. These changes come as countless other lenders make drastic changes to their...
Accord Increases Maximum Mortgage Affordability
Only yesterday we reported on NatWest increasing their maximum loan to income affordability and now, as if by magic, another lender follows in suit! Intermediary exclusive lender Accord mortgages have announced that they will be pushing their maximum mortgage...
Average 2 Year Fixed Mortgage Rate Now Over 4%
Financial information company Moneyfacts have released figures this week that show that the average 2 year fixed mortgage deal rate now stands at over 4%! Specifically 4.09%. The highest average rate for almost 10 years. Since the Bank of England increased the...
Halifax Minimum Mortgage Amount Increases
Mortgage lender Halifax have announced that they will be increasing their minimum mortgage size across their 2-year and 5-year fixed products for selected panel mortgage intermediaries. The Halifax minimum mortgage amount has historically been £25,000 for most...
NatWest Mortgage Requirements Changed
Big changes have come in for NatWest Mortgage Requirements in the last month, and it's good news for mortgage customers, mortgage advisors, and vendors alike! The new changes cover additional income, speeding up application processing and broadened green...
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