Category: Mortgages
-
Self-Build Mortgage Rates Cut, Loan Size Increased
Buckinghamshire Building Society has slashed rates on its self-build mortgages by up to 0.25% and doubled the maximum loan size to £1 million. This is fantastic news for anyone dreaming of building their own home, as it could make your aspirations much more affordable. The move comes at a time when the government is pushing…
-
Vida Reduces Mortgage Rates by Up to 0.35%
Mortgage lender Vida has announced cuts to its mortgage rates, offering some relief to both homeowners and landlords. The reductions apply across Vida’s range of products, including: This means that borrowers could potentially save hundreds of pounds a year on their mortgage repayments. Who can benefit? Vida specialises in providing mortgages to borrowers who may…
-
HSBC Launches New Sub-4% Mortgage Deal – Is This the Start of a Price War?
Homebuyers and those looking to remortgage could be in for a treat as HSBC has shaken up the market by launching an incredibly low mortgage rate – but you’ll need a big deposit to qualify. The banking giant has unveiled a market-leading five-year fixed-rate mortgage at just 3.95%, undercutting rivals NatWest and Nationwide who launched…
-
US Recession Could See UK Mortgage Rates Falling
The chances of a US recession are growing and experts think this could trigger a domino effect, sending UK mortgage rates tumbling. The US stock market took a tumble last week after disappointing employment figures. While things have steadied a bit, it’s got everyone on edge, especially the US central bank, the Federal Reserve. When…
-
InterBay Cuts Commercial Mortgage Rates and Launches New Deals
InterBay, a leading specialist lender, has just reduced rates and launched some new deals on their commercial and semi-commercial mortgages! Here’s the summary: The good news doesn’t stop there! What Does This Mean for You? With rates falling and new products hitting the market, you’ve got some excellent opportunities to: Marc Callaghan, InterBay’s Head of…
-
HSBC, TSB and Others Announce Mortgage Rate Cuts!
HSBC has slashed its tracker mortgage rates to reflect the Bank of England’s recent decision to cut the base rate. Other lenders are following suit, offering cheaper deals to homeowners and those looking to buy. Last week, the Bank of England lowered the base rate by 0.25% to 5%. This was the first reduction since…
-
NatWest Unveils Market-Leading 3.97% Mortgage Rate
In a welcome boost for homebuyers grappling with high mortgage rates, NatWest has launched the lowest five-year fixed-rate mortgage on the market at just 3.97%. This move comes hot on the heels of the Bank of England’s decision last week to lower the base interest rate from 5.25% to 5%, prompting lenders to slash their…
-
Two-Year Fixed-Rate Mortgages Could Cost You More – Five-Year Deals Are Now Cheaper
Bank of England finally cuts interest rates – but experts warn the days of cheap mortgages are over. Last week saw a welcome interest rate cut, but analysts are warning this doesn’t mean mortgages will become more affordable. In fact, experts predict a new average interest rate of 4.5%. This is especially important for those…
-
Mortgage Rate Cuts from MPowered
MPowered Mortgages has slashed fixed rates by up to 0.37% this week, offering a much-needed boost for those looking to buy a home. In a move designed to benefit a wider range of borrowers, the lender has also introduced new loan-to-value (LTV) tiers. This means that instead of large jumps between LTV bands, borrowers will…
-
Mortgage Searches Leap Back into Action in July
After a bit of a dip in June, the mortgage market is back on the upswing. Searches for both purchase and remortgage deals saw a healthy jump in July, according to the latest figures from mortgage tech firm Twenty7tec. More buyers are on the hunt: Searches for mortgages to buy a home shot up by…