Mortgage News, Insights & Advice
All the latest UK mortgage news, insights and advice from the world of mortgage lending and Oportfolio
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...
Inflation Rises To 10.1%
The office of national statistics (ONS) have confirmed that in July 2022, inflation has risen from 9.4% to 10.1%. This is now the highest it has been in over 40 years, indicating that a recession is almost unavoidable at this time. The Bank of England increased...
High Mortgage Interest Rates At Levels Not Seen For 10-Years
In recent months, high mortgage interest rates seem to be the only thing the property market has been speaking about, and for a good reason! Figures released by Moneyfacts last week show that current interest rates are now quickly encroaching rates that we...
Potential Mortgage Issues For Employed People
We're not going to lie, when we have a client who is permanently employed with a straight forward basic salary and straight forward contracted working hours, we do let out a small and quiet sigh of relief. Not because we can't help with more complicated income...
House Prices Drop For First Time In Over A Year
The Halifax House Price Index have released figures this week that show that in July 2022, house prices fell by 0.1%, the first reduction in house prices that they have seen in 13 months since last June. This drop in house prices, although not enormous, is...
Can I Get A Mortgage When Self-Employed?
Taking the leap from working for someone to being your own boss is exciting, scary, exhilarating, nerve-wracking, invigorating…all the emotions you can comprehend. Finally, being in control of your own income and own livelihood, to some people, gives you a sense of...
Metro Bank Makes Changes To All Mortgage Products
Metro Bank have announced that they will be making some pretty major changes to their mortgage products for residential, remortgage, and buy-to-let ranges. The London based bank has always been known as a metropolitan lender with competitive services aimed at...
Mayor Of London Demands Rent Freeze
The Mayor of London Sadiq Khan has come out this week to demand that a citywide rent freeze be imposed as inflation and the cost of living begins to ramp up. A rent freeze would mean that landlords and other businesses and organisations that let out residential...
Time To Snap Up Mortgage Product Runs Low
Official figures announced by Money comparison website Moneyfacts show that the average time a mortgage product is available to consumers is down to 17 days, meaning that lenders are pulling products at a rapid rate and people are missing out on the more competitive...
High-end London Properties More Popular Than Ever
Private bank Coutts have said that demand for 1 million pound plus high-end London properties in the country’s capital has increased in the last year despite the rest of the property market beginning to struggle. Coutts have said that 13% more of these types of...
BOE Set To Raise Interest Rates Again?
Today is crunch day as the Bank of England must now decide whether they will raise interest rates to unprecedented levels. This comes as the European Central Bank and the US Federal reserve have both done exactly that by raising borrowing costs to...
What Is A Mortgage Lender?
If you buy a property anywhere in the world, unless you are extremely fortunate, you will most likely need to use some form of home loan from a mortgage lender. It may seem self-explanatory to some people but what is a mortgage lender really? And what does it mean to...
FCA Highly Recommends That Homeowners Switch Mortgage Products
In the face of rising interest rates and a rising cost of living, The Financial Conduct Authority (FCA) has said that it would be extremely wise for banks, lenders, and advisor to encourage homeowners to switch mortgage products. Doing so could save you...
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