Mortgage News, Insights & Advice
All the latest UK mortgage news, insights and advice from the world of mortgage lending and Oportfolio
How To Get A Mortgage As A Social Media Influencer
In today’s digital age, social media influencing has become a legitimate and thriving career. Whether that is on social media platforms like Instagram, TikTok, X (formerly twitter), or YouTube. There is great money to be earned if you know how to crack the code. If...
Leeds Building Society Mortgage Updates For 2025
Leeds Building Society has today introduced significant changes to its mortgage offerings for 2025, with updates affecting residential, affordable housing, Buy to Let (BTL), and holiday let products. The last few months have seen a lot of fluctuation and unpredictable...
What Is Mortgage Cashback?
With high interest rates and stricter mortgage affordability rules, it is becoming a daily battle for mortgage lenders to encourage new borrowers. What is the incentive to choose a specific lender and product aside from who has the best rate in the bunch? Fortunately,...
Slow Growth in UK House Prices Reported by the ONS
In a recent report released by the Office for National Statistics (ONS), the average UK house prices experienced a modest increase of 1.7% in the year leading up to June 2023, signalling a potential shift in the dynamics of the property market. The data reveals a...
Buying a Property From Your Landlord
Living in a property for years and making it your own, can often make it very difficult for tenants to part with it. For some lucky first-time buyers, the opportunity might arise for them to actually purchase their rental property from their landlord. For many...
Interest-Only Mortgage Demand Falls According To FCA
In a notable shift within the mortgage market, demand for interest-only mortgages has plummeted by over half over the last eight years, dropping below the one million mark, according to data released by the Financial Conduct Authority (FCA). The FCA's recent report...
TMW Increases Stress Test Rate for Portfolio Landlords
In another tough blow to UK landlords, The Mortgage Works (TMW) has announced an adjustment to its stress rate for buy-to-let (BTL) portfolio landlords. For buy-to-let mortgage applications, a lender will normally stress test the interest of the loan and the projected...
UK’s Real GDP Shows Growth in Q2 of 2023
In a much anticipated update, it seems that the United Kingdom's economic landscape has show signs of recovery as the real gross domestic product (GDP) experienced a small growth of 0.2% in the second quarter of 2023, spanning from April 2023 to June 2023 according to...
UK Lenders Rate Cuts Amidst Competition and Favourable Inflation Data
In a move that clearly highlights the increasing competition within the UK's mortgage market, four major lenders have announced more mortgage rate cuts, the second time in just three weeks. The decision to reduce rates comes after better than anticipated inflation...
Average UK Mortgage Rates August 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 first week of August 2023. According to the latest data released by Uswitch.com, a leading comparison...
Skipton Changes To Joint Borrower, Sole Proprietor Mortgages
In a strong move set to improve mortgage lending and affordability in a tough market, Skipton Building Society has unveiled their Joint Borrower, Sole Proprietor mortgage products. This offering gives aspiring homeowners an exceptional opportunity to achieve their...
London Owners Are Opting To Let Out Properties Rather Than Sell
London's property market has witnessed a substantial change in recent months, with an increasing number of homeowners choosing to let their properties rather than selling them at current market conditions. Nationwide estate and lettings agent Knight Frank, have today...
Coventry Building Society Announces Fixed Rate Reductions
Coventry for Intermediaries, the mortgage intermediary specific arm of Coventry Building Society, has today revealed its plans to reduce all residential fixed rates and expand its product range to provide better support to clients and their mortgage brokers. The move...
Bank of England Raises Base Rate by 0.25% to 5.25%
Today the Bank of England announced another increase in its base rate. This time by 0.25%, meaning that the base interest rate now stands at 5.25% as of the 3rd of August 2023. The decision came as the UK economy begins to demonstrate some growth and inflation drops...
Accord Announces Updates to Buy-to-Let Mortgage Products
Accord mortgages is set to introduce changes to its buy-to-let mortgage products on Friday the 4th of August 2023. The upcoming update includes adjustments to both fixed rates and new products to enhance their offerings to people looking for buy-to-let financing...
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