Mortgage News, Insights & Advice
All the latest UK mortgage news, insights and advice from the world of mortgage lending and Oportfolio
Private Bank Mortgages in the UK – Coutts Announces New Lending Criteria
If you’re exploring a private bank mortgage in the UK, you may already be aware of Coutts, one of the most recognised private banks in Britain. Known for working with high-net-worth individuals, entrepreneurs, and those with complex income, Coutts has recently updated...
How to Get a Mortgage in the UK – Your Top Questions Answered
Googling mortgage advice or asking AI helpers like ChatGPT how to buy a home? You're not the only one. At Oportfolio Mortgages, we totally get how overwhelming mortgages can be, especially with so much confusing information on the internet. We've gathered and answered...
Credit Score Mortgage Myth: Real Client Story
At Oportfolio Mortgages, we hear many common mortgage myths that hold potential homebuyers back. One of the biggest misconceptions? Thinking that a low credit score automatically means you can’t get a mortgage. Myth: “Their Credit Score Was Too Low to Get Approved”...
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...
Santander Surprises Market with Mortgage Rate Rise
In an honestly surprising move, Santander announced today that they would be raising selected standard residential fixed rates for both purchase and remortgage clients. This decision comes at a time when most lenders in the UK are actively reducing their mortgage...
New Barclays Mortgage Rate Reductions Amidst UK Market Trends
In a move reflective of the broader market trends, Barclays Bank has announced significant reductions in mortgage interest rates on a selection of their residential purchase and remortgage products, today. The rate cuts, ranging up to 0.50% across the residential...
TMW Unveils Buy-to-Let Mortgage Products with Rates Below 4%
In an exciting development for property investors, The Mortgage Works (TMW) has announced a significant reduction in interest rates across its New Business product ranges, effective from Saturday the 20th of January 2024. The move is set to benefit buy-to-let...
Unlocking Exclusive Mortgage Rates With Oportfolio Mortgages
When it comes to securing the best mortgage rates, timing is everything. At Oportfolio Mortgages, our commitment to providing you with the most competitive rates goes beyond what traditional brokers or price comparison sites can offer. As proud members of the PRIMIS...
Mortgage Application Rejected Because of Cladding
Our clients, a couple looking to sell their existing property and purchase a new dream home, initially opted to approach their bank directly for a mortgage. Believing it would be a straightforward process, they found themselves in a complex situation due to issues...
The Mortgage Lender’s First Economic Update of 2024
This morning The Mortgage Lender (TML) released its first economic update of 2024, providing brokers with valuable insights into the economic landscape that will shape the mortgage and housing markets in the coming year. The report itself outlines key factors...
Almost Half of First-Time Buyers Get Help From a Government Scheme
In the world of rising living costs, the journey to homeownership is a bit of a financial puzzle for many first-time buyers. A recent survey by Uswitch Mortgages sheds light on the strategies employed by these buyers to step onto the property ladder and the...
Overcoming Mortgage Challenges for an International Client
International Client Mortgage - Background: Our client, a recent immigrant to the UK, sought to navigate the complex landscape of securing a mortgage for his new home. Having moved to the country just six months ago, possessing a 5-10% deposit, and holding a 5-year...
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If you have any questions about UK mortgage news or anything you’ve read then please get in touch. We’d love to hear from you.