Skipton Building Society has today announced an exciting new range of mortgage products aimed specifically at first-time buyers, offering greater flexibility and accessibility in an increasingly challenging property market. This new range comes at a time where first...
All the latest breaking UK mortgage and protection news, updated daily by industry experts.
HSBC Maximum Mortgage Lending Limits Increase
HSBC has today announced an increase in its maximum loan-to-value (LTV) lending limits for residential mortgages. The changes, effective from today, apply to all new-build properties and flats, including non-new-build flats, across the UK. In this news article I will...
Halifax Expands Foreign Income Mortgage Criteria
Halifax has announced a new exciting change to its mortgage application criteria, that is due to take effect on the 12th of August 2024. In a message to all mortgage brokers this morning, Halifax announced that they will now accept foreign income mortgage...
Metro Bank Makes Changes To All Mortgage Products
Metro Bank have announced that they will be making some pretty major changes to their mortgage products for residential, remortgage, and buy-to-let ranges. The London based bank has always been known as a metropolitan lender with competitive services aimed at...
Mayor Of London Demands Rent Freeze
The Mayor of London Sadiq Khan has come out this week to demand that a citywide rent freeze be imposed as inflation and the cost of living begins to ramp up. A rent freeze would mean that landlords and other businesses and organisations that let out residential...
Time To Snap Up Mortgage Product Runs Low
Official figures announced by Money comparison website Moneyfacts show that the average time a mortgage product is available to consumers is down to 17 days, meaning that lenders are pulling products at a rapid rate and people are missing out on the more competitive...
High-end London Properties More Popular Than Ever
Private bank Coutts have said that demand for 1 million pound plus high-end London properties in the country’s capital has increased in the last year despite the rest of the property market beginning to struggle. Coutts have said that 13% more of these types of...
BOE Set To Raise Interest Rates Again?
Today is crunch day as the Bank of England must now decide whether they will raise interest rates to unprecedented levels. This comes as the European Central Bank and the US Federal reserve have both done exactly that by raising borrowing costs to...
FCA Highly Recommends That Homeowners Switch Mortgage Products
In the face of rising interest rates and a rising cost of living, The Financial Conduct Authority (FCA) has said that it would be extremely wise for banks, lenders, and advisor to encourage homeowners to switch mortgage products. Doing so could save you...
Are first-time buyers leaving London?
Latest figures released by estate agents claim that London’s first-time buyers leaving the capital to purchase their first home has increased by 1/5th compared to pre-pandemic figures. It seems that a combination of the COVID-19 pandemic and the risking rate of...
Amount Of Mortgages Being Accepted Fell In June 2022
The amount of mortgages being accepted fell in June 2022 in the face of rising cost of living and borrowers trying to stretch lending beyond their means. With rising inflation and economic struggles felt by the country, it was predicted that mortgage borrowing...
TSB Mortgage Rate Changes
TSB have sent communication out to all register TSB mortgage brokers today to announce the re-introduction of some essential products. The lender, which is part of the Lloyds banking group, have said that they are re-introducing several house purchase and...
Rate Rises – The Latest From HSBC, Santander and TSB
Mortgage lenders HSBC, TSB and Santander have all increased their mortgage rates this week, alongside a lot of other lenders in what seems to be a bout of mass hysteria from the banks. Since the Bank of England pushed the base rate up to 1.25% the other month, lenders...
Mortgages For Low Credit Scores Boosted By Chorley BS
Chorley building society have announced that they will be making changes to their products which offer mortgages for low credit scores. Chorely building society currently offers a range of products called the ‘credit renew range’ which are designed specifically for...
Energy Efficient Home Mortgages From BM Solutions
Specialist buy-to-let mortgage lender Birmingham Midshires (BM Solutions), part of the Lloyds Banking Group, have today sent out word to registered mortgage brokers that they will be introducing new products for energy efficient home mortgages. In a conscious...
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