In a welcome move for homeowners with SVR mortgages, several leading mortgage lenders have already announced reductions in their Standard Variable Rate (SVR) mortgages following the Bank of England's decision to lower the base rate earlier this month. Effective from...
All the latest breaking UK mortgage and protection news, updated daily by industry experts.
Zoopla House Price Report: Positive UK Property Market Trends
The UK's housing market is starting to look a lot more positive than it once did, with a notable increase in sales and buyers paying closer to asking prices, according to the latest data from property website Zoopla. The first half of 2024 has seen house prices...
UK Stamp Duty Residential Transactions Rise in June 2024
As head of content and marketing here at Oportfolio Mortgages, my job is to keep you, our clients, up to date and informed about the latest market news and trends. I am pleased to report to you in this article some interesting new data released by HMRC around property...
Virgin Money and Skipton Pull New Mortgages
Mortgage lenders Virgin Money and Skipton for intermediaries have pulled new mortgage deals from their lending portfolios as the financial market goes into turmoil. Well known mortgage lenders Virgin Money and Skipton have announced that they are temporarily...
Could There Be An Emergency Base Rate Rise?
Could we see an emergency base rate rise imposed on us by the Bank of England? Liz Truss's new Conservative government and her recently appointed Chancellor's mini budget released at the end of last week has caused the economy to go into a state of panic and now the...
September 2022 Budget Update
The new Chancellor of the Exchequer Kwasi Kwarteng has announced his September 2022 budget in the house of commons today. The new budget has been designed specifically to fit Prime Minister Liz Truss's attack on the rising cost of living and looming economic...
Guarantor, Joint Borrower & Sole Proprietor Mortgages
For hundreds of years, mortgages were pretty black and white. You want to buy a property but don't have the money to pay for it in full, so you borrow money from a lender and pay them back. Normal straight forward mortgages are given based on the borrowers income,...
Will The Government Announce A Stamp Duty Cut?
According to several sources from Whitehall, Prime Minister Liz Truss's government are due to announce a stamp duty cut on property purchases in their Friday mini budget announcement. What Is Stamp Duty Tax? For anyone who doesn't know what stamp duty is, stamp...
House Prices Expected To Fall?
According to a statement from the Centre for Economic and Business Research, house prices are expected to fall in 2023, giving hope to potential buyers who are being priced out by inflated figures. But potential bad news for people looking to sell! The CEBR...
Young People Spending More On Mortgages Per Month
Young People Are Paying A Lot More On Their Mortgages Comparison website Uswitch have released figures this week from a recent study, that show young people are shockingly paying a disproportionate amount more per month on their mortgages that older people. According...
New Build Homes On The Rise
Official government figures released this week show that the amount of new build homes being built in the UK has risen by 21%, indicating that there is no slow down in the demand for buying new properties....or, is this just wishful thinking from the...
Buyers Are Reducing Property Budgets
Recent market analysis by Savills estate and letting agents suggests that new buyers and home movers are significantly reducing their property budgets because of the rising cost of living, increasing interest rates, tougher mortgage affordability rules, and spiralling...
Coventry Building Society Launches 3 Year Fixed Mortgage
Middleweight mortgage lender Coventry Building Society have announced this week that they will be launching 3 year fixed mortgage products as part of their attempt to draw in mortgage applications during a time of economic uncertainty. Coventry have said that...
Mortgage Availability Falls Due To High Interest Rates
High interest rates and lenders reluctance towards new business has been blamed for a huge dip in available mortgage products. Finance data website Moneyfacts have released figures that the number of products offered fell across all loan-to-value tiers have...
Financially Prepare For The Inevitable
This week we sadly saw the death of our Queen Elizabeth II of the United Kingdom and commonwealth realms. The Queen passed away at the grand age of 96 years old and the crown has now passed to her son, the new King Charles III. The Queen was a symbol of duty,...
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