Mortgage News, Insights & Advice
All the latest UK mortgage news, insights and advice from the world of mortgage lending and Oportfolio
Accord £5K Deposit Mortgage Expands to Include Flats
First-time buyers looking to get onto the property ladder with a minimal deposit have received a major boost, as Accord Mortgages has expanded its £5K Deposit Mortgage proposition to include flats. This enhancement makes it even easier for buyers to secure a home with...
How Non-Traditional Workers Can Secure a Mortgage
A new study from specialist lender The Mortgage Lender (TML) has revealed that nearly four-fifths (79%) of non-traditional workers, including freelancers, self-employed individuals, and gig economy workers, have homeownership aspirations. Despite the rather tricky...
Accord Mortgage Rates Cut on Residential and Buy-to-Let Products
This morning, Accord Mortgages has announced rate cuts across both its residential and buy-to-let (BTL) mortgage products. The reductions, which take effect immediately, will likely improve affordability for a range of buyers, from first-time homeowners to seasoned...
Oportfolio Helps Client Increase Maximum Mortgage Loan
One of the major stumbling blocks that mortgage borrowers are faced with in this difficult market is mortgage affordability. Lenders have tightened their affordability tests, and this has led to many borrowers struggling to get the level of mortgage that they require...
Skipton Makes Changes To Visa Policy
Popular UK mortgage lender Skipton have announced that as of today (26th June 2023) they will be introducing some new big changes to their visa criteria and mortgage policy for non-UK nationals residing in the UK and looking to purchase a property. Normally most...
Base Rate Rises For 13th Time To 5%
Yesterday the Office of National Statistics (ONS) announced that despite the Bank of England base rate rises over the last few months, inflation had failed to decrease from the last time that data was collected. UK inflation currently remains at 8.7%, much higher than...
TSB and Skipton Introduce New Products To Market
Mortgage lenders TSB and Skipton Building Society have send messages to brokers this morning to inform them that they will be re-introducing products to the mortgage market. These new products are higher in interest rates than they previously were and follow suit with...
Is Limited Company Buy To Let Lending Going To Increase?
The UK finds itself somewhat in the middle of a mortgage crisis. Mortgages are becoming more and more expensive and people are struggling to keep up with rising mortgage interest rates and repayments. We hear a lot about residential borrowers in the news, but often...
Is a Six Month Interest Only Mortgage the Answer?
The UK finds itself in a very strange situation currently. High inflation levels has meant that the Bank of England has now (at the time of writing this article) raised the base rate for the 13th time in a row. This has had a knock-on effect on the UK economy and most...
Organised Clients Get the Best Mortgage Rate
Rates are rising rapidly, and lenders are being forced to re-structure their deals as inflation remains high in the UK. It is important to be tactical with mortgages now more than ever, and it is important to secure the best possible rate as soon as possible. Our...
Are Long Fixed Term Mortgages the Solution?
Traditionally, people purchasing, remortgaging or doing a product transfer on a residential property are advised by brokers and banks to take a fixed term mortgage. A fixed term mortgage means that your mortgage product and rate are fixed in place for a number of...
Changes To TSB Mortgage Product Range
In a message to brokers today via email, new TSB mortgage product changes have been announced. Impacting residential mortgages, buy-to-let mortgages, product transfer applications, and additional borrowing mortgages. These new changes come in with a huge shift in the...
Oportfolio Helps a Non UK Resident Get a Mortgage
One of the trickiest things to do in the UK mortgage world is to get a UK mortgage if you don't live in the UK currently. So for example, if you own a buy to let in London and need to remortgage but live in Australia, this can be a difficult mortgage to arrange on...
Minimum Contractor Mortgage Criteria Changes
Being a contractor can be a great way of earning more money for your skills and expertise. Whether you choose to be a self employed contractor paying your own tax and national insurance or an employed one, being a contractor can allow flexibility with your work and...
Average 2-Year Fixed Mortgage Rate Now Over 6%
Financial information company Moneyfacts have reported that the average 2-year fixed mortgage rate now stands at over 6% meaning that borrowers looking to get a 2-year fixed rate loan or are coming off their current fixed deal and are hoping to get a new low rate, are...
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