Mortgage News, Insights & Advice
All the latest UK mortgage news, insights and advice from the world of mortgage lending and Oportfolio
Case Study: How We Helped a London Buyer Borrow £80,000 More Than Their Bank Offered
How We Helped a London Buyer Borrow £80,000 More Than Their Bank Offered The Situation Our clients were a London-based professional couple looking to buy their next home with a required mortgage of £700,000. They had strong incomes and a solid deposit in place, but...
What Salary Do I Need for a £400k Mortgage in the UK?
In most cases, you’ll need a salary of around £80,000–£100,000 to get a £400k mortgage in the UK, depending on your deposit, income type, and lender affordability rules. Below, we break down realistic salary scenarios, deposit examples and lender calculations so you...
Should I Wait for Mortgage Rates to Fall?
Should I wait for mortgage rates to fall? This week’s mortgage FAQ answers one of the most common questions we’re hearing from buyers and homeowners right now. Many people are wondering whether they should wait for rates to fall, or act sooner. Here’s what you need to...
The End Of Help To Buy
And just like that, one of the UK's most successful house purchase schemes has come to an end. The help to buy scheme, which has helped people purchase their dream new build house for almost 10 years has finally finished. In this article we will take a look...
Large Mortgage Loan Offered By Newcastle Building Society
The building society, based in Newcastle Upon Tyne, announced yesterday that they would be making a triumphant return to the lending market with two new exclusive large mortgage loan products. The announcement comes only a month after the building society pulled all...
What Is A Mortgage Illustration?
Most people know about mortgage affordability checks, deposits, credit checks and mortgage offers. But what about arguably the most important part of the mortgage application process? The document that shows you exactly what your mortgage advisor recommends and shows...
What Is Bridging Finance?
For anyone looking for temporary short-term lending, perhaps bridging finance could be for you. Bridging finance is a great solution for people who need a quick, temporary cash injection but don't want to have to take out a conventional long-term mortgage. In this...
Offset Mortgage Saves Borrowers Money
Key facts: Clients owned their own property with £150,000 outstanding on their current mortgage Both clients were in their 50's and hoping to retire in a few years They had money in savings and for a while had considered clearing their mortgage with this money, to...
Santander Lowering Mortgage Rates
Santander have been the latest in a bunch of lenders to start reducing their mortgage rates, a good sign after volatile few weeks of increasing rates. Santander lowering mortgage rates comes after the former Prime minister Liz Truss resigned and the new PM Rishi Sunak...
What Is A Let-To-Buy Mortgage
Do you own a residential property, either with or without a mortgage? Are you looking to move to a new home but struggling to sell your property? Or perhaps you just fancy keeping hold of the home for the time being? Maybe a let-to-buy mortgage is for you. A...
Are Mortgage Rates Dropping?
The Telegraph and other news outlets reported over the weekend that we may be seeing the first signs of mortgage rates dropping since the former Chancellor of the Exchequer Kwasi Kwarteng announced a disastrous mini budget a few weeks ago. But are rates...
Exclusive Mortgage Broker Rates From Virgin Money
The lending arm of Richard Branson's mega corporation Virgin, Virgin Money sent out an email to mortgage brokers today to announce that they have launched some new exclusive mortgage broker rates for residential and buy-to-let borrowing. As members of the PRIMIS...
Interest Rate Rises Not As Bad As Expected?
In a statement today, the deputy governor of the Bank of England Ben Broadbent announced that the rate rises that we have seen in recent weeks and month might be more than we actually need. Meaning that the interest rate rises, and the outlook of the economy...
Quick Action Saves Mortgage Borrowers Money
Key facts: Clients were contacted by Oportfolio 6 months before their fixed rate deal was due to end They had been enjoying a fixed rate mortgage for 2 years and had completely forgotten that their rate was due to expire If they hadn't been contacted, they would have...
Accord Now Offers 95% Home Mortgages
In this day and age, 95% mortgages are few and far between unfortunately as lenders are still cautious about how much they lend and who qualifies for the higher mortgages. Now, a standard deposit amount is normally a minimum of 10% i.e. 90% mortgage, with...
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