All the latest breaking UK mortgage and protection news, updated daily by industry experts.
NatWest buy-to-let mortgage products have been hit by some significant rate reductions this morning, giving a boost to both current and aspiring buy-to-let landlord investors. Over the last few years the buy-to-let market has taken a bit of a beating to put it...
This morning Santander joined the bandwagon of UK mortgage lenders dropping their rates below 4%, which is fantastic to see! The new Santander mortgage rates below 4% announced today stretch across their entire mortgage range and are likely to encourage a lot more...
Today, new TSB mortgage rate reductions have been announced, the latest of many UK mortgage lender's reducing their product rates as stability returns to the mortgage market. Over the last few weeks we have sensationally seen many of the UK's mortgage lenders,...
The Rightmove House Price Index has released surprising figures this month that show the average house price coming on to the market has reduced by 0.6% compared to last month’s figures potentially encouraging new buyers over the holidays.
Figures show that the 2021 average house price is now £256,000 and London’s average soars above this at £495,000! These figures can be quite disheartening but don’t fear, there is hope on the horizon.
Official statistics have shown that mortgage arrears across the board have fallen and continue to fall drastically, nearing historical lows according to UK Finance.
Fantastic news for people looking for a buy to let, buying at auction or, purchasing a property that might need a little TLC.
A new report from Nationwide has confirmed everything Oportfolio have been seeing anecdotally in the last few weeks- namely, that the demand for property is far outweighing current supply. This is making for a highly competitive market, especially in the City of London and the surrounding areas.
BTL properties need to achieve a good energy efficiency rating for lenders
This weekend many lenders reduced their interest rates. This is not just in relation to those with large deposits but for a huge range of products and clients.
When looking to purchase a property one of the main questions people have is ‘how much deposit do I need?’. This does of course vary depending on what you are trying to achieve but it certainly has been a ‘hot topic’ since the new budget was announced this year with the mention of only a 5% deposit requirement for residential purchases. But all is not as simple as it seems.
Santander for Intermediaries is offering some of the most generous income multiples and the cheapest mortgage rates across the market.
NatWest has made a number of changes across its range, cutting some rates but increasing cashback and fees. At NatWest a number of first-time buyer products with no fee are being replaced with deals that have a lower rate and higher cashback but also come with a fee.
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.
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