Mortgage News, Insights & Advice
All the latest UK mortgage news, insights and advice from the world of mortgage lending and Oportfolio
UK Inflation Hits 3%: A Warning Sign For Mortgages?
UK inflation has surged to 3% in January 2025, its highest level since March last year, according to the latest figures from the Office for National Statistics (ONS). This rise (unexpected or not) from December’s 2.5% reading is sending shockwaves through the economy,...
How Mortgage Is Calculated
When applying for a mortgage, one of the most crucial steps is understanding how lenders calculate how much you can borrow or how mortgage is calculated. Mortgage calculations are based on a range of factors, including income, outgoings, employment type, and deposit...
Buy-To-Let Mortgage Tax Relief for Landlords
Investing in a buy-to-let property can be a lucrative venture, offering long-term rental income and potential capital appreciation for those looking to invest their money somewhere. However, landlords must also consider the financial responsibilities, including tax...
Halifax Storms into 2024 with Some Big Mortgage Changes
This morning Halifax has unveiled significant changes to its mortgage product range, leaving homebuyers and homeowners alike with plenty to celebrate as they step into the new year. The alterations, spanning Homebuyer, Remortgage, Product Transfer, and Further Advance...
Equity Release Mortgages in 2024
As 2023 draws to a close, it's time to reflect on the past year's trends in the mortgage market and look ahead to what 2024 may hold. In a message to Oportfolio Mortgages brokers, Mike Hardy of The Equity Release Experts offers a promising outlook for the coming year,...
A Shift Towards Ethical Mortgages Gains Momentum
In a noteworthy trend, our advisors at Oportfolio Mortgages have seen a significant increase in client requests for mortgages aligned with ethical banking practices. This shift reflects a growing awareness among consumers about the impact of their financial decisions...
Oportfolio Mortgages: A 2023 Round-Up of the Mortgage Market
Merry Christmas and a happy and prosperous new year from everyone here at Oportfolio! As we bid farewell to 2023, it's time to reflect on the tumultuous yet transformative year that unfolded in the mortgage market. From soaring highs to challenging lows, the industry...
Average UK Mortgage Rates December 2023
As the summer sun continues to shine upon the United Kingdom (Just kidding!), the mortgage market has seen subtle movements in average mortgage rates during the last week of December 2023. According to the latest data released by Uswitch.com, a leading comparison...
What Is Critical Illness Cover? Your Questions Answered
In life, unforeseen challenges can certainly cast a shadow over our carefully laid plans. When it comes to health, the unpredictability of critical illnesses poses a significant threat to our well-being and financial stability. In the face of such uncertainties, a...
RICS Market Survey Shows Positive Signs For UK Property
This month the Royal Institute of Chartered Surveyors released their November 2023 RICS Residential Market Survey, a survey which analyses the residential property market and trends. Against a backdrop of challenges, subtle shifts and emerging trends bring a somewhat...
UK Homebuyers Eager to Pay More for Energy Efficient Property
A recent study by Uswitch has uncovered a significant shift in the priorities of UK homebuyers, with more than 4 in 10 (43%) indicating a willingness to pay a premium for energy efficient properties. The findings reveal a growing trend among buyers who are...
Virgin Money Launches Revised Affordability Lending Criteria
In a significant development announced today, Virgin Money has adjusted its lending criteria, paving the way for potential homebuyers to secure larger mortgages and enjoy extended terms. As exclusive mortgage brokers and as part of the PRIMIS mortgage network,...
Nationwide Eases UK Mortgage Visa Requirements
This morning Nationwide Building Society has announced that they will be introducing changes to their UK mortgage visa requirements. From today they will be making a reduction in the minimum visa validity period required for mortgage applications. The change,...
Skipton Unveils 95% Mortgages for New Build Flats
This morning another lifeline was thrown to the UK new build market. A market that has certainly felt the strain of the cost of the struggling economy over the last year. In an email to brokers across the country this morning, Skipton Building Society has announced...
Do Wealthier People Really Pay Less On Their Mortgages?
When it comes to mortgages, many people wonder if the size of their bank account or their income influences the terms of their home loan. Of course, in most cases, the more money you earn the larger mortgage loan you can often achieve. However, it’s a common belief...
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