Mortgage News, Insights & Advice
All the latest UK mortgage news, insights and advice from the world of mortgage lending and Oportfolio
Should I Remortgage With The Same Lender?
Is your current mortgage deal nearing its end? You might be wondering whether to remortgage with the same lender or switch to a new one to get a better deal and more importantly, save some money with a lower interest rate! As a mortgage expert I understand that this...
5.5X Income Mortgage Available For First Time Buyers
Is it possible to get a 5.5X income mortgage? That is a very common question that I am hearing more and more. Mainly because borrowing money is becoming more difficult. When I first started working in mortgages and property, there were plenty of purchase schemes...
HSBC Mortgage Rates Smash Competition At 3.81%
HSBC mortgage rates have truly smashed their competition to smithereens by introducing a product with an interest rate as low as 3.81%. Although not currently the absolute lowest rate on the market, HSBC has beaten many other high street banks so far in the rate war...
Where Are Mortgage Rates Headed And Will They Go Down?
With the announcement coming out of parliament today that the new chancellor Jeremy Hunt will backtrack on almost all of the previous chancellor's tax cut announcements from the mini budget, a lot of people have been asking "where are mortgage rates heading?". In our...
Confidence Returns But ‘Little Chance’ Of Drop In Mortgage Rates
Following a press release this morning given by the new Chancellor of the Exchequer Jeremy Hunt, confidence has returned slightly to the market. But many don't think that this will cause any drop in mortgage rates to occur. Jeremy Hunt, the newly appointed...
Mortgages Could Cost An Extra £5,100 by 2024
Before the weekend, finance news outlets across the country broke the news that mortgages could cost and extra £5,100 per year for the average mortgage borrower by the end of 2024. A shocking claim, yes. But is it true? Market analysis organisation Resolution...
Buyers Willing To Pay More For Energy Efficient Homes
A report issued out to the public yesterday by mortgage lender Santander shows that an increasing number of property purchasers are willing to pay more for energy efficient homes as the increased costs to heat and power a property starts to impact the general...
Over Half Of Mortgages Coming To An End Within 3-Years
For most mortgage borrowers, the sensible thing to do has been to fix your mortgage product and rate for a certain period of time. Most lenders will offer products that you can fix for 2, 3, 5 or 10 years. Fixing your mortgage rate means that you will have confidence...
Cost Of Variable Rate Mortgage Increases
Recent research has shown that the average monthly cost of a variable rate mortgage, in comparison to the more commonly utilised fixed rate mortgage, has increased by 13.3% and is only likely to increase as rates jump up and up. What Is A Variable Rate...
Virgin Money Raises Residential and Buy-To-Let Products
Virgin Money, the banking arm of Richard Branson's Virgin Group have been the latest in a swarm of mortgage lenders to announce new rate increases to their residential and buy-to-let products. In recent weeks and months, mortgage lenders have been bumping up...
What Questions Should I Ask My Mortgage Broker?
In a challenging economy like the one we find ourselves in today, the help and support of an experienced and dedicated mortgage broker is invaluable. Going it alone in the mortgage world at this moment in time is dangerous as rates increase left right and...
Santander Back To 95% Mortgage Lending
Santander have announced that they will now be offering mortgage products of up to 95% LTV, or mortgage products where the borrower will only need to contribute a 5% deposit. This re-introduction of 95% mortgage lending by Santander is a huge game changer for...
Are Rising Mortgage Costs Bringing House Prices Down?
"Rising mortgage costs mean significant house price drop is inevitable", claims economic research organisation Capital Economics in their recently released report on the state of the housing market. Is a significant reduction in house prices really on the way...
Is It Worth Paying A Penalty And Securing A New Mortgage Deal?
Your current fixed mortgage deal might not be up for renewal anytime soon, but is it worth biting the bullet and paying the lender's early redemption penalty to secure a new mortgage deal now? Last week the mortgage market fell into chaos as lenders started...
Only 29% Of Self-Employed People Have Life Insurance
This morning, The Exeter building society Head of protection distribution Jamie Page sent a message out to all mortgage and protection brokers. In the message he presented a dossier of reporting's that he and the building society have made in regard to...
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