Category: Mortgages
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Longer Mortgages Could Cost First-Time Buyers an Extra £110k
First-time buyers face the crushing reality of paying off their mortgages well into their retirement years, new research reveals. The average first-time buyer is now a ripe old 33 years and 8 months old when they finally get their foot on the property ladder. And with mortgage terms stretching out for an average of 30…
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Mortgage Rate Cuts from Co-op and Halifax
Co-op and Halifax have both lowered their mortgage rates, a move that could save you thousands of pounds! The Co-operative Bank is shaking things up with its “Mainstream” mortgage range, offering lower rates for both new and existing customers. New buyers looking at 2, 3, or 5-year fixed-rate mortgages could see their interest rates drop…
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Nationwide Slashes Mortgage Rates – Price War Continues!
Nationwide Building Society has announced a major cut to its mortgage rates, with some of the lowest rates ever seen! From today, Wednesday 14th August, Nationwide will be reducing rates by up to 0.20 percentage points across a range of its fixed-rate mortgages. Here’s what you need to know: Moving Home? First Time Buyer? Remortgaging?…
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Atom Bank Throws First-Time Buyers a Lifeline with Bigger Mortgages
Atom Bank has announced it’s making it easier for first-time buyers to get a mortgage, especially those buying in London and the South East. The bank is increasing the maximum amount it will lend compared to a borrower’s income. This is known as the loan-to-income ratio (LTI). For example, someone earning £75,000 a year could…
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Fixed-Rate Mortgage Drop Offers Hope for Homebuyers
Average fixed-rate mortgages have fallen to their lowest point since March, offering a ray of sunshine in the current economic climate. According to the latest data from Moneyfacts, the average two-year fixed-rate deal has dropped by 18 basis points since July, now sitting at 5.77%. Five-year fixed-rate deals have also seen a welcome decrease, falling…
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Cut Your Mortgage Rate by Going Green
New green mortgage deal could save homeowners thousands! In a bid to help combat climate change and soaring energy bills, innovative mortgage lender Perenna has launched a new scheme to help homeowners make their homes more energy efficient. The new scheme, partially funded by the Department for Energy Security and Net Zero, will allow homeowners…
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Mortgage Rate Cuts from Aldermore
Aldermore Bank has slashed mortgage rates by up to 0.50% giving a much-needed boost to both homeowners and landlords. This good news comes as part of a shake-up of the bank’s mortgage range, with cuts for both new and existing customers. Here’s what you need to know: For those looking to buy a home (residential…
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Friends and Mortgages – Brits Turn to Loved Ones for Home Loans
Struggling to get a mortgage in this tough market? You’re not alone. More and more Brits are teaming up with family members and even friends to get on the property ladder. New research from Equifax UK reveals that almost one in five people who’ve gotten a mortgage have done so with someone other than their…
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Virgin Money Cuts Mortgage Rates – Five-Year Fixes Now Under 4%
Virgin Money has announced big cuts to their fixed-rate mortgages, with some rates dropping by as much as 0.29%. This means you could save serious money on your monthly repayments. What’s changed? Here are some examples of the new rates: What about remortgages? Don’t miss out! These rate cuts make it a great time to…
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Leeds Building Society Lowers Mortgage Rates
Leeds Building Society has announced some good news for anyone looking to buy a home or remortgage – they’re cutting rates on a range of their fixed-rate mortgages! The building society has reduced rates by up to 0.30% across a selection of two, three and five-year fixed-rate mortgages. This includes options for homeowners, first-time buyers,…