Mortgage News, Insights & Advice
All the latest UK mortgage news, insights and advice from the world of mortgage lending and Oportfolio
NatWest Mortgages Increase Rates
NatWest mortgages are set to take a bashing this week as the lender announces that their mortgage product rates are due to increase by as much as 0.30%. This is a sharp jolt to mortgage borrowers and frankly to mortgage intermediaries who have all been rejoicing over...
Halifax To Release Mortgages Without Early Repayment Charges
Halifax bank, one of the UK's biggest and most well known mortgage lenders will be releasing some new mortgage products over the next few days, most significantly perhaps, they will be releasing mortgages without early repayment charges. Not only does this mean that...
Where Is The Best Place To Buy Property?
Last week, senior mortgage and protection advisor at Oportfolio Mortgages, Jade Pinkerton attended the latest Coutts and Savills market update webinar. Many interesting property related discussions were held. Perhaps the most interesting and thought provoking...
Why Oportfolio’s Contract with L&G is Your Best Bet for Insurance
In the ever-evolving world of insurance, finding the right policy to protect your future can be a daunting task. With countless options and intricate details to consider, seeking guidance from experts is essential. This is where Oportfolio, your trusted financial...
Economic Market Update From The Mortgage Lender
In the latest economic market update from The Mortgage Lender, the Bank of England's stance on interest rates and the implications of higher oil prices take centre stage. While the Bank may have reached a pause in its rate hikes, the road to economic stability remains...
Banks Enhance Mortgage Affordability Amid Changing Market Conditions
In response to shifting market dynamics characterised by dwindling demand and waning interest in high-interest rate mortgages, Virgin Money and Clydesdale Bank have recently announced significant improvements to their mortgage affordability criteria. These changes...
Coventry Building Society Unveils Significant Mortgage Rate Reductions
In a move set to delight prospective and current property owners, Coventry Building Society has announced a series of substantial reductions in their mortgage rates. These changes, set to come into effect on Thursday the 5th of October 2023 at 8 am, will impact both...
Accord Mortgages Announces Rate Cuts Across Buy-To-Let Range
Accord Mortgages has unveiled substantial rate reductions across its buy-to-let mortgage offerings, signalling a promising change for property investors and landlords. Effective from the 4th of September 2023, these rate cuts are expected to provide a boost to the...
Mortgage Rate Drops Boosts Property Demand
In an interesting turn of events, the United Kingdom's property market seems to be seeing a surge in buyer demand, fuelled by significant recent mortgage rate drops. Zoopla's latest house price index reveals that buyer demand increased by an impressive 12% in...
Proof of Self-Employed Income Crucial for Mortgage Applications
As we approach the end of the year, self-employed individuals are once again reminded to ensure their tax calculations are complete, as mortgage lenders are set to tighten their requirements for proof of income. Starting from October 6th, 2023, lenders will demand the...
Barclays Cuts 2-Year Fixed Mortgage Rates up to £2 Million
In a move that is sure to bring cheer to prospective homebuyers and homeowners looking to refinance their properties for loans up to £2 million, Barclays has announced a significant reduction in its 2-year fixed mortgage rates for loans of up to £2 million. This move...
Annual UK Property Prices See First Decline Since 2012
In a perhaps not so surprising announcement for the UK property market, the average UK annual house prices have recorded their first drop in over a decade. Zoopla's latest house price index reveals that in September 2023, property prices were 0.5% lower than the same...
HSBC Launches Sub-5% Interest Rate Mortgages
Homebuyers and property investors alike are set to benefit from new products released by HSBC this week, as the high street bank slashes rates by up to 0.16% on over 140 mortgage products. This strategic decision marks a significant reduction in interest rate...
Beware of Low Mortgage Interest Rates with High Product Fees
In the period we find ourselves in of ever-fluctuating mortgages, borrowers are often enticed by the siren call of low mortgage interest rates. Recent headlines have been ablaze with news of rates dropping after reaching unmanageable highs over the last 6 to 12...
Aldermore Offers New Opportunities for Portfolio Landlords
Specialist UK mortgage lender Aldermore has recently announced the launch of a new suite of mortgage products tailored specifically for portfolio landlords. With this new product range, Aldermore aims to provide portfolio landlords with greater flexibility and...
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