All the latest breaking UK mortgage and protection news, updated daily by industry experts.
According to the recently released Barclays Property Insights report, UK rental and mortgage payments have surged to their highest level in over a year, with an increase of 6.4% in October 2024. This marks the steepest growth in housing costs since September 2023, yet...
HSBC has announced a huge increase in mortgage rates across nearly all of their lending categories including residential and Buy-to-Let mortgages. It is quite clear that this rate rise from HSBC (one of the UK’s big six lenders) will negatively impact a lot of...
Almost certainly in response to the recent base rate reduction by the Bank of England, Leeds Building Society has announced updates to its mortgage products. Although not one of the typical big six lenders of the UK, Leeds’s new mortgage products definitely offer some...
HSBC has announced adjustments to its residential and Buy to Let (BTL) mortgage product ranges effective from Friday the 23rd of February 2024. The changes, spanning different loan-to-value (LTV) ratios and fixed-rate terms, signal a trend of increasing rates among...
Coventry Building Society has recently announced changes to its mortgage rates, affecting both new and existing borrowers across various categories. In a communication sent out to Oportfolio mortgages today, Coventry have announced several rate increases. Here's a...
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...
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...
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...
When looking for a new mortgage, the landscape can often seem dominated by the big names, leaving smaller institutions overlooked. I’m talking the Halifax, Santander, NatWest, and Nationwide of the mortgage market. However, delving into lesser-known lenders like...
The latest findings from the Royal Institution of Chartered Surveyors (RICS) UK Residential Market Survey for January 2024 indicate a promising turnaround in the UK property market. Positive shifts observed in key things such as buyer demand, agreed sales, and new...
In a move that's sure to make waves in the housing market, Halifax is shaking things up with some exciting changes to its product range. Effective from Thursday the 1st of February 2024, the following modifications are set to give homebuyers and homeowners more...
In a response to the increasing uncertainty surrounding mortgage rates, Virgin Money has unveiled an innovative Fix and Switch mortgage offering, designed to provide customers with a unique combination of stability and flexibility in a challenging mortgage market. In...
It seems that the UK housing market has experienced a remarkable upswing in the initial weeks of 2024. Recent reports indicate a substantial 13% increase in new sales agreed, showcasing a robust market rebound driven by pent-up demand and the enticing drop in mortgage...
As mortgage brokers, we encounter a common question from prospective borrowers: "How much can I borrow?" Many individuals rely on the widely circulated notion that they can borrow up to 4.5 times their income. However, this oversimplified rule is just the tip of the...
In an honestly surprising move, Santander announced today that they would be raising selected standard residential fixed rates for both purchase and remortgage clients. This decision comes at a time when most lenders in the UK are actively reducing their mortgage...
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