All the latest breaking UK mortgage and protection news, updated daily by industry experts.
Fixed mortgage rates have fallen once again this week, with new sub-4% deals entering the market, according to Moneyfacts. However, despite these reductions, the average rates on two- and five-year fixed mortgages remained unchanged compared to the previous week. In...
Later life mortgage lending is on the rise in the UK, with more older borrowers securing mortgages than ever before. According to the latest UK Finance data, the number of mortgages taken out by older borrowers surged to 35,840 in Q4 2024, marking a significant 28.2%...
Hinckley & Rugby Building Society has unveiled a new Visa Buy-to-Let mortgage range, aiming to support skilled professionals, entrepreneurs, and investors on visas in purchasing or refinancing property in the UK. This initiative reflects the growing demand for...
The latest data from Mojo Mortgages reveals a startling surge in remortgaging rates, with the average mortgage rate in April 2024 soaring to 5.33%. This figure is almost triple the rate seen in April 2022, which stood at a modest 1.78%. The steep increase in mortgage...
On Friday we were sent the latest landlord limited company report from The Mortgage Works (TMW), the buy-to-let arm of Nationwide Building Society. The report sheds light on the dynamics within the limited company landlord segment of the UK's buy-to-let (BTL) market....
In a surprising announcement that frankly none of us in the industry really predicted, Barclays Bank has announced significant reductions in the cost of some of their fixed-rate mortgage deals for residential home purchases. From today (8th of May 2024), residential...
UK house price growth has hit a stumbling block, with a recent report from Nationwide building society revealing a 0.4% fall in average property costs last month compared to March 2024. This dip marks a significant slowdown, dragging the annual rate of growth down to...
2024 has already proved to be a tricky year for mortgages in the UK. Many borrowers and brokers hoped that we might have left rate rises back in 2023, however this has not been the case. In the last few weeks we have seen many lenders increase their mortgage rates....
NatWest has announced significant changes to its New Business product range, set to take effect from the 30th of April 2024. These changes include the introduction of new high value mortgages intended for customers seeking to purchase or remortgage properties that are...
In a message released this morning, and following in suit with other UK mortgage lenders, TSB has announced significant changes to its mortgage rates, affecting both residential homeowners and buy-to-let landlords. The bank revealed plans to withdraw certain mortgage...
Virgin Money has today announced the release of its latest mortgage offering, the Fix and Switch product, extending its range of mortgage solutions to not only residential purchasers, but also seasoned buy-to-let landlords. The new product, which has most recently...
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...
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 Barclays mortgage changes are, why they are...
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...
In their latest update sent to our brokers at Oportfolio Mortgages, Santander have announced some incredible changes to their mortgage lending proposition. Most notably to mortgages for people looking to secure large mortgage loans of up to £3 million. The new...
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