Mortgage News, Insights & Advice
All the latest UK mortgage news, insights and advice from the world of mortgage lending and Oportfolio
How Expensive Is a Mortgage? A Full Guide to UK Mortgage Costs
When planning to buy a home or invest in property, one of the biggest questions is: how expensive is a mortgage? The answer isn’t always straightforward. Mortgages come in different types, terms, and interest structures, all of which impact the total cost you’ll pay...
TMW Cuts Mortgage Affordability Stress Rates to Help Landlords
The Mortgage Works (TMW), a leading Buy to Let lender, has today announced a reduction in affordability stress rates for individual landlords, making it easier for them to borrow more on selected mortgage applications. Changes To Buy-To-Let Mortgage Affordability...
UK Mortgage Rates Fall Slightly in June, but Pace Slows
Average mortgage rates in the UK have dipped again in June, though the declines are smaller than last month’s drops, according to the latest data from Moneyfacts. Meanwhile, product choice has decreased slightly, and the shelf-life of mortgage deals has shortened. In...
Is the mortgage market set for a slump in 2022?
2021 saw an astronomical increase in properties going on the market and new buyers looking for mortgages. However, figures so far have already suggested that this is falling fast already in the first 10 days of 2022 and is due to fall even further as the months and years go on.
Brothers Buy House Together Case Study
Our clients were brother who were both looking to purchase their first residential properties. After doing some of their own research they realised that unfortunately they would both struggle to purchase a property on their own so decided that they would look at buying together.
Non-UK National Case Study
Our client approached Oportfolio for help them to secure a mortgage after struggling to find one on their own.
Originally from a country outside of the UK, they were very nervous and cautious after receiving conflicting information from friends, family, and the internet about how to secure a UK mortgage.
Mortgage rates creep up
Hearing ‘Rates on the rise’ in the news has become something to dread but is that really sensible? And is it something we should actively worry about?
2021 – A Year in Review
Oportfolio Mortgage Brokers based in London talk about the mortgage market in 2021 and future developments in 2022.
West Brom offer long fixed term mortgages
West Midlands based building society The West Brom have announced that they are launching 10 year fixed mortgage products, something that could be a massive game changer for buyers and remortgagers.
Property website predicts house price boom in 2022
Home sale and purchase comparison site Reallymoving has predicted that there will be a sharp increase in the value of properties on the market in the first few months of 2022 which is great news for people looking to sell.
High interest rates worrying you? Do something about it.
Has your fixed rate come to an end? Are you like one of the thousands of homeowners who has put off restructuring their mortgage over the past year and are now stuck on the lender’s ridiculously high standard variable rate?
Buying your first home – broker is best
Last year, despite the pandemic, there were 674,263 houses sold in the UK and a staggering 356,800 of these were bought by first time buyers. Now that is fantastic news! Not only does that show that the housing market is still chugging along at a steady pace, but it...
“Best of breed” advice
Mark Gledhill - Oportfolio advice client since 2008 Mark and his wife came to Oportfolio for advice in 2008 as first time buyers with a new baby and in need of some expert help and guidance. With Oportfolio’s advice and knowledge around the homebuying process, Mark...
Bank Of England Takes Centre Stage
In the financial services sector, there is one burning question on everybody’s lips, will the Bank of England raise interest rates? Its not entirely unbelievable that they wouldn’t but it seems that now with inflation rising to the highest levels in 10 years, the BOE need to do something calm the waters before things get out of hand.
Skipton Building Society Looks Forward to 2022
At the beginning of this month Skipton building society hosted a virtual talk given by their key relationships manager Derek Williams and their Head of business development Paul Fenn. The discussion was designed to give brokers and mortgage customers alike a little insight into how Skipton have viewed the past year and what their predictions are looking into the crystal ball forward to 2022 (which is less than a month away!)
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If you have any questions about UK mortgage news or anything you’ve read then please get in touch. We’d love to hear from you.