Category: Mortgages
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Second Charge Mortgages are Booming
It seems homeowners are turning to second charge mortgages in droves! New figures show that borrowing against your home is more popular than ever. The amount lent out in second charge mortgages shot up by 17% in the first half of 2024. That’s much faster than any other type of borrowing, leaving even loans for…
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Barclays Hikes Mortgage Rates – Is This the End of Cheap Loans?
Barclays has increased their mortgage rates, and it’s bad news if you’re looking for a bargain. Some of the bank’s loans are no longer available below 4%. Several of Barclays’ residential purchase and remortgage deals have increased. These are the details: Purchase-only mortgages: Remortgage-only mortgages: Purchase and remortgage mortgages: So what does this all mean?…
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As Mortgage Rate Rises Return, What Are The Best Deals This Week?
The average UK property is now worth £293,000 – that’s a hefty 1.5% jump in just one month (up to August) and 2.8% higher than a year ago, says the UK House Price Index. This property price rise is probably linked to the fact that mortgage rates have been falling recently, encouraging more people to…
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Mortgage Rates Climb. Is Price War Over?
NatWest hikes rates and other lenders follow suit, signaling tough times for homebuyers and those looking to remortgage. Bad news for anyone looking to buy a home or remortgage – the mortgage price war seems to be over. NatWest, one of the UK’s biggest lenders, has increased interest rates on most of its two and…
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Mortgage Concerns as NatWest Hikes Rates
NatWest has become the latest big bank to increase their mortgage rates, sparking fears that mortgage price rises could see borrowers paying hundreds of pounds extra every year. The bank, a familiar name on every high street, announced that from Thursday, most of its fixed-rate mortgages for two and five year terms will increase by…
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Cheaper Mortgage Rates Unlikely to Return, Warns Lloyds Boss
Homeowners hoping for a return to the rock-bottom mortgage rates of the last decade are likely to be disappointed, the boss of Lloyds Bank has warned. Charlie Nunn, the chief executive of the UK’s biggest mortgage lender, said that while he expects rates to fall, they are unlikely to plummet to the near-zero levels seen…
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Mortgage Rates Reduced by Buckinghamshire BS
Buckinghamshire Building Society has lowered mortgage rates across the board in a move that could save borrowers thousands of pounds. The building society has cut rates on a range of products, including fixed-rate deals for first-time buyers, buy-to-let landlords, and holiday let investors. Here’s what you need to know: First-time buyers and home movers: Buy-to-let…
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Clydesdale Lowers Mortgage Rates
Clydesdale Bank has announced big cuts to its mortgage rates, with some deals dropping by as much as 0.71%. From October 11th, you could get a cheaper deal on a range of Clydesdale’s mortgages, including residential, buy-to-let, professional, and even their exclusive large loan products. Here’s a breakdown of the best bits: Buy-to-Let Bargains: Landlords…
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Barclays Cuts Mortgage Rates – But Should You Wait For Further Falls?
Barclays is cutting rates on a range of its mortgages by up to 0.50% from October 11th. But with other lenders increasing rates, is now the right time to fix? Barclays is reducing rates across its fixed-rate mortgages for both new purchases and remortgages. Here are some examples of the reductions: Should You Grab a…
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Mortgages for First-Time Buyers Still £353 Higher Than 5 Years Ago
Soaring house prices and high mortgage rates mean hopeful homeowners are facing record monthly repayments. While mortgage rates fell a little recently, buying your first home is still hard, with average monthly mortgage payments now £353 higher than they were just five years ago. Rightmove’s latest figures reveal the average first-time buyer now faces forking…