Category: Mortgages
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NatWest Launches New Low Mortgage Rates – Is Now the Time to Fix?
Homebuyers and those looking to remortgage could bag a bargain thanks to NatWest slashing mortgage rates. The bank is battling to offer customers the lowest rates on the market, and from tomorrow (13th August), new customers will be able to get a five-year fixed rate mortgage at just 4.68% This market-leading rate requires a 10%…
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First-Time Buyers Feel the Pinch as Lenders Fail to Pass on Interest Rate Cuts
While interest rates on mortgages have been dropping this summer, first-time buyers with small deposits aren’t seeing the benefits. This is according to consumer group Which?, who found that lenders are offering significantly smaller rate reductions to those with the smallest deposits. For example, between July 1st and August 8th, the best five-year fixed-rate mortgage…
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Bank of Mum and Dad gets easier with April Mortgages
First-time buyers struggling to get on the property ladder are set for a cash boost thanks to new rules from April Mortgages. The mortgage lender is making it easier for family and friends to help out with deposits by relaxing its rules around “gifting” money. It means more people will be able to access April’s…
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Coventry is Latest to Drop Rates Below 4%
Coventry Building Society is the latest lender slashing mortgage rates below 4%! This comes hot on the heels of similar moves from big names like NatWest, HSBC, Barclays, Halifax, and Nationwide Building Society. Coventry’s new deal offers a tempting 3.9% fixed rate for five years, available up to 65% loan-to-value. You’ll need £999 for the…
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Halifax is Latest to Cut Mortgage Rates Below 4%
Halifax has joined the battle to offer the best mortgage deals, slashing rates below 4%! From August 9th, Halifax is cutting rates by as much as 0.16% on certain products. This means both home movers and first-time buyers can now snag a five-year fixed-rate mortgage at just 3.99% for loans up to 60% of the…
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April Mortgages Lowers Rates on Long-Term Loans
April Mortgages has slashed rates on its long-term fixes, making it cheaper to lock in your repayments for longer. The deals, which let you fix your rate for 5, 10 or 15 years, have all been reduced by up to 0.1% (that’s industry jargon for 10 basis points). That might not sound like much, but…
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Mortgage Mystery – Brits Baffled by Base Rate!
Are you clued up on what impacts your monthly mortgage payments? A new study by Barclays Bank reveals that many of us are totally lost when it comes to understanding the factors influencing our mortgage rates. While almost everyone (88%) has heard of the Bank of England Base Rate, over a quarter (26%) admit they…
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Mortgage Rates Take a Tumble – Best Deals This Week
Despite rising house prices, mortgage rates are falling, offering hope for those looking to step onto the property ladder. The Halifax House Price Index reported a 0.8% surge in house prices in July, pushing the average UK house price to £291,268. That’s a hefty 2.3% increase compared to last year, marking the most significant jump…
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Second Charge Mortgages Rise to £145 Million in June
Homeowners are increasingly turning to second charge mortgages, with loans reaching £145 million in June, a significant jump of 7% compared to the same period last year. This surge in popularity is reflected in the number of new second charge agreements, which rose by 3% to 3,019 in June, according to the Finance & Leasing…
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Mortgage Price War! Barclays Offers New Lowest Rate
Homeowners looking to remortgage are in for a treat this week, with Barclays slashing their five-year fixed-rate mortgage to a record low of 3.83%! This move comes hot on the heels of similar cuts from rivals NatWest and HSBC, sparking a price war in the mortgage market that’s great news for borrowers. Just yesterday, HSBC…