Mortgage News, Insights & Advice
All the latest UK mortgage news, insights and advice from the world of mortgage lending and Oportfolio
NatWest Mortgage Rates Increase: What This Means for Borrowers
NatWest has announced yet another round of mortgage rate increases, effective from the 31st January 2025 (This Friday). The changes, which impact a variety of mortgage products across its new business range, see rate hikes of between 0.02% and 0.11% on selected two-...
Barclays Joint Borrower Sole Proprietor Mortgage Boost Unveiled
Barclays has today announced the expansion of its Joint Borrower Sole Proprietor (JBSP) Mortgage Boost range, designed specifically to help struggling first-time buyers to secure larger loans in today’s challenging housing market. It is no secret that first-time...
Precise Mortgages Launches New Bridging Loan UK Product
Specialist lender Precise Mortgages has expanded its bridging loan range by introducing a new developer exit product and reducing bridging loan rates by 0.07%. Bridging loans are a great alternative lending method for short term finance, and definitely something that...
Epic Mortgage Rate Revolution: How We Saved Clients Thousands
In the fast-paced world of mortgages, timing is everything. As an experienced mortgage broker, we pride ourselves on staying ahead of the curve and ensuring our clients secure the best possible deals. Recently, we embarked on a mission to proactively review and adjust...
UK Inflation Steady at 4%: Impact on Mortgage and Property Market
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...
UK Mortgage Rates Surge as Lenders React to Bank of England
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...
Nationwide Raises Mortgage Rates as Santander Cuts Them – Rate Adjustments
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...
Never Considered Harpenden Building Society For A Mortgage? Why Not?
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...
UK Property Market Bounces Back: Surprising Trends Revealed in January 2024 Report!
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...
Halifax Announces Exciting Rate Reductions of Up To 0.53%
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...
How We Helped a 63-Year-Old to Keep £2 Million in His Pension While Buying a Property
Meet our client who discovered us on Google - a 63-year-old, semi-retired individual with a whopping pension pot exceeding £2 million. His dream? To own a new home to enjoy his retirement years, without depleting his pension savings and strategically navigate the...
Virgin Money Introduces Fix and Switch Mortgage Offering
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...
UK Housing Market Soars as House Prices Surge in Early 2024
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...
What Is Income Multiple Calculation for Mortgages?
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...
Our Team Saved Clients £5,000 Monthly on a £5.4 Million Wimbledon Mansion!
In the highly sought after Wimbledon real estate market, our clients embarked on the journey of purchasing a £5.4 million residential property with a substantial £2.2 million mortgage over a 22-year term. Focused on minimising their mortgage payments, our clients...
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