Mortgage News, Insights & Advice
All the latest UK mortgage news, insights and advice from the world of mortgage lending and Oportfolio
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...
Second Charge Mortgage Loan Applications Are Increasing
The mortgage market is seeing a notable trend: second charge mortgage loan applications are on the rise. Recent data released today by the Finance & Leasing Association highlights that the value of second charge lending in May was 22% higher than the same month...
Kent Reliance Supports Complex Income Mortgages
Mortgage lender Kent Reliance, part of the Once Savings Bank Group, has announced that they will now offer more residential mortgage products to help home buyers and remortgagers with complex income sources. Founded in 1898 as the Chatham & District Reliance...
Interest-Only vs Repayment Mortgage
What is the purpose of a mortgage? Is there a clear definition? Most people would define a mortgage as a loan provided by a bank, building society, or private finance company to purchase a property when immediate funds are not available. As a loan, this money will...
Non-Owner/Occupier Rental Property – Case Study
Key facts: Client owned his own property that he lived in He wanted to rent it out and move in with his partner in her property His current mortgage lender would not let him switch his mortgage to a buy-to-let mortgage Most lenders would not allow him to remortgage...
London Rent is On the Rise
We all know that rent in London can cost you a small (or large) fortune depending on the area you live in, and Southerners in general are relentlessly berated by anyone north of Luton for the laughable cost of living they put up with. And it seems that Londoners...
The Best Place to Buy in London
The country’s capital has always been a desired place to live. With limitless career potential, unbeatable leisure activities, and unique experiences like no where else, London is the place to be. But living in such a desirable places often comes at a cost and...
What Is A Standard Variable Rate (SVR) Mortgage?
The standard variable rate is a nightmare. There’s no reason to pretend that it isn’t, and you should want to avoid it at all costs. For a lot of mortgage customers, well at least those who are receiving continued quality mortgage advice, the standard variable rate or...
Breaking News: Bank of England Raises Base Rate to 1%
Latest news coming out of the Bank of England says that they are raising the BoE base rate to 1% from the previous 0.75% which was only introduced in March 2022. Despite issuing warnings of a possible incoming recession and despite pressure from government officials,...
Standard Variable Rate Mortgage – Case Study
Key facts: Couple purchased their first property in the UK a few years ago but never had the standard variable rate explained to them. Their mortgage was on an interest only basis but when their product term ended, they reverted automatically to the SVR. They were...
£1 Million+ Mortgage for a London Professional
Key facts: Client found his dream property and needed a large £1 Million+ mortgage loan. As a mortgage over £1 Million is larger than your average mortgage, there were several factors that needed to be taken into account and specific criteria needed to be met. Our...
Company Director Mortgage needed for professional couple
Key facts: Clients were looking to purchase their first home together as a couple and had found the perfect starter home. With a decent sized deposit that they had worked hard to save, our clients were looking forward to starting their new life together as homeowners....
Putney Mortgage Advisor helps local buyers
Key facts: Clients had already purchased a property in Putney and were looking for a Putney Mortgage Advisor who knew the area well and had an in-depth understanding of the area to help. The property that the clients had purchased needed a lot of structural and...
How much does it cost to live NEAR London?
The office on national statistics (ONS) have recently released a report that claims that a town’s proximity to London is one of the top 3 factors that affect a property’s value. The data presented by the ONS and recorded in 2019 found that towns within 200km of London...
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