Mortgage News, Insights & Advice
All the latest UK mortgage news, insights and advice from the world of mortgage lending and Oportfolio
Leeds Building Society Launches New Mortgage Products
Almost certainly in response to the recent base rate reduction by the Bank of England, Leeds Building Society has announced updates to its mortgage products. Although not one of the typical big six lenders of the UK, Leeds’s new mortgage products definitely offer some...
Using Rental Income For A Mortgage With NatWest
NatWest has announced this morning that they will be simplifying their criteria for using earned rental income for a mortgage application, for residential purposes. Most mortgage lenders will use earned income from employment and self employment as a means to...
Can Mortgages Be Transferred To Another Property
Can mortgages be transferred to another property? That is certainly a question that a lot of people who currently have a mortgage want to know. Getting a mortgage is normally quite a smooth process if you have the right kind of mortgage advice and advisor. However,...
New Skipton First Time Buyer Mortgage Range
Skipton Building Society has today announced an exciting new range of mortgage products aimed specifically at first-time buyers, offering greater flexibility and accessibility in an increasingly challenging property market. This new range comes at a time where first...
HSBC Maximum Mortgage Lending Limits Increase
HSBC has today announced an increase in its maximum loan-to-value (LTV) lending limits for residential mortgages. The changes, effective from today, apply to all new-build properties and flats, including non-new-build flats, across the UK. In this news article I will...
What Is A Gifted Deposit & Do You Have To Declare It?
When purchasing a property, securing a sufficient deposit is one of the most significant financial hurdles you’ll encounter. Saving a large enough deposit, especially when you are having to pay rent and bills at the same time. Can be very difficult. For many, this...
Halifax Expands Foreign Income Mortgage Criteria
Halifax has announced a new exciting change to its mortgage application criteria, that is due to take effect on the 12th of August 2024. In a message to all mortgage brokers this morning, Halifax announced that they will now accept foreign income mortgage...
What Is The Own New Scheme?
The property market is constantly evolving, with prospective homeowners on the lookout for the best opportunities to secure their dream home. And with things like rising house prices and higher cost of living, it is becoming more difficult for people to make that leap...
Lenders Lower SVR Mortgages In Line With Bank of England
In a welcome move for homeowners with SVR mortgages, several leading mortgage lenders have already announced reductions in their Standard Variable Rate (SVR) mortgages following the Bank of England's decision to lower the base rate earlier this month. Effective from...
Zoopla House Price Report: Positive UK Property Market Trends
The UK's housing market is starting to look a lot more positive than it once did, with a notable increase in sales and buyers paying closer to asking prices, according to the latest data from property website Zoopla. The first half of 2024 has seen house prices...
UK Stamp Duty Residential Transactions Rise in June 2024
As head of content and marketing here at Oportfolio Mortgages, my job is to keep you, our clients, up to date and informed about the latest market news and trends. I am pleased to report to you in this article some interesting new data released by HMRC around property...
Mortgages For High-Net-Worth Individuals
When it comes to securing a mortgage, high-net-worth individuals often face a unique set of challenges. Contrary to what one might expect, having significant assets doesn't necessarily make the process straightforward. From complex income structures to the need for...
Swap Rates Decline, Boosting Homebuyer Affordability In The UK
Recent research from Octane Capital has revealed a promising forecast for mortgage rates in the UK. The study, which analysed average swap rates over 30 and 60-day periods, indicates that swap rates have started to decline. This shift could herald a significant...
Nationwide Cuts Mortgage Rates Below 4%, Leading Market Shift
Nationwide Building Society has announced a significant reduction in its mortgage rates, with the lowest rate now dipping below 4%. The mutual lender has reduced prices by up to 0.25% across its two-, three-, and five-year fixed-rate products, making it the first...
How Does Remortgaging Work?
Remortgaging can be a complex and stressful process, even for the most experienced mortgage customer. There are many factors to consider, and it's crucial to ensure you're making the right decision for your financial future. At Oportfolio, our goal is to help you make...
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