Mortgage News, Insights & Advice
All the latest UK mortgage news, insights and advice from the world of mortgage lending and Oportfolio
Nationwide Housing Affordability Report: First-Time Buyer Challenges
The housing market in 2024 offered glimmers of hope for prospective buyers, with Nationwide Building Society’s latest Housing Affordability Report highlighting slight improvements in affordability. However, unfortunately beneath these modest gains lies a sobering...
Can You Borrow Six Times Income With A Helping Hand Mortgage?
The Helping Hand mortgage now potentially allows first-time buyers to borrow up to six times their income. This can increase borrowing capacity by up to 33% more than Nationwide’s standard lending limits, offering a significant boost to those looking at buying their...
UK Mortgage Market Changes: Principality and Metro Bank Updates
In a fast-moving mortgage market, the latest developments from Principality Intermediaries and Metro Bank signal yet more turbulence for borrowers and brokers alike. Principality’s decision to withdraw several residential mortgage products and Metro Bank’s upcoming...
Oportfolio Has Access to Virgin Money Exclusive Mortgage Products
Several years ago, Oportfolio Mortgages became part of the PRIMIS mortgage network. As an appointed representative of PRIMIS, that means that our brokers and administrators at Oportfolio have access to an abundance of support and unparalleled access to exclusive...
Nationwide Offers Residential Mortgage Rates Below 4.5%
In a move that has captured the attention of mortgage brokers, estate agents, prospective homebuyers, and industry experts alike, Nationwide, one of the UK's leading mortgage lenders, has announced a significant reduction in its residential mortgage rates. Starting...
TSB Announces Significant Rate Cuts to Bolster Homeownership
In a communication to all subscribing mortgage brokers, TSB has recently announced some pretty substantial cuts to their mortgage interest rates across various parts of their residential mortgage product range. These reductions extend to both shared ownership and...
Remortgaging To Release Equity
Remortgaging To Release Equity: A Comprehensive Guide Release equity? What on Earth is that? Most people are taught about getting a mortgage to buy a property. A straightforward loan that you pay back per month to the bank until you clear the balance. But what if you...
Accord Mortgages Announces Reduction in Buy-to-Let Rates
Accord Mortgages has announced a significant reduction in rates across its Buy-to-Let New Business product range. The adjustments, set to take effect on Friday the 10th of November 2023, come in response to the volatile mortgage market conditions in the UK, with...
The Mortgage Lender Economic Update
In a recent economic update sent out to mortgage brokers, The Mortgage Lender (TML) painted a sobering picture of the current economic landscape, highlighting several challenges that are impacting the mortgage market and the broader economy. As part of the PRIMIS...
Skipton Increases Mortgage Rates While Others Lower Them
This week, we have witnessed a fascinating shift in the mortgage market, with Skipton increasing its rates for certain borrowers while other major lenders, including Halifax, Coventry, HSBC, and Virgin Money, are reducing rates for various mortgage products. Why have...
Is There a UK Mortgage Crisis?
The UK is on the brink of experiencing the slowest two-year mortgage growth in a decade, that is according to a recent report by Ernst & Young Item Club. High-interest rates and restrained economic expansion are expected to dampen the enthusiasm of prospective...
NatWest Buy-to-Let Stress Rates Slashed
Mortgage lender NatWest (one of the big six lenders in the UK) has announced significant cuts to landlord stress rates and reduced buy-to-let and residential mortgage rates, offering new competitive options for new and existing borrowers. In a move that is sure to...
Barclays Announces Improved Loan-to-Income Multiples
Before their recent shift from a hard to a soft credit footprint before the submission of mortgage applications, Barclays is introducing two significant enhancements to their loan-to-income (LTI) policy. These changes, set to take effect from Thursday the 26th of...
Is Remortgaging A Good Idea?
More than a fifth of mortgage payers won't shift to a new lender, and more than a third haven't changed their mortgage in the past five years, according to research from YouGov. Despite a variety of new deals coming to the market and mortgage interest rates dropping,...
Coventry and Accord Announce Mortgage Product Changes
Coventry Building Society and Accord Mortgages are set to make significant adjustments to their mortgage products, providing new and existing borrowers with more competitive mortgage product offerings. These changes are scheduled to take effect at the end of October...
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