Category: Mortgages
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Mortgage Rate Cuts – Virgin Money & Clydesdale Offer Relief for Borrowers
Virgin Money and Clydesdale Bank are slashing their variable mortgage rates, offering a glimmer of hope in the face of rising living costs. From today, 11th July 2024: What does this mean for existing customers? Important Note: These changes only affect variable rate mortgages. If you have a fixed-rate or tracker mortgage, your rate will…
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Best Mortgage Rates This Week as Deals Flood Back!
Good news for buyers and sellers! The mortgage market is finally getting back to normal. After months of chaos, things are finally looking up. The number of different mortgages on offer has soared to a 16-year high, meaning more choice and better deals for you. The average mortgage rate is holding steady, meaning no nasty…
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Homeowners Turning to Second Mortgages in Record Numbers
Brits are increasingly taking out second mortgages, with new agreements hitting a 19-month high in May. But is this a worrying sign for the housing market? Good news for homeowners looking for extra cash – the number of people taking out second charge mortgages has reached its highest point in almost two years. But before…
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First Direct Cuts Mortgage Rates for First-Time Buyers
First Direct has slashed mortgage rates for first-time buyers and those looking to move, joining a wave of lenders offering cheaper deals. In a move that could signal the start of a mortgage price war, First Direct has cut rates on its two, three, and five-year fixed-rate mortgages. This comes after several major lenders, including…
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Boost Your Home’s Energy Rating and Bag Up to £15,000 Cashback with Virgin Money!
In a groundbreaking move for homeowners, Virgin Money has teamed up with smart energy experts Hive to launch a new mortgage deal designed to help make homes more energy efficient – and put cash back in your pocket! The new “Retrofit Boost” mortgage offers borrowers cashback when they make energy-saving improvements to their homes. This…
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Mortgage Deals Get a Shelf-Life Boost
Mortgage hunters are getting more time to secure a deal, with the average offer now lasting twice as long as it did just a month ago. Back in June, you had a tiny window of just 15 days to lock in a mortgage offer. But hold onto your hats, because that’s now doubled to 30…
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More Mortgage Rate Cuts – Virgin Money and Skipton Slash Costs for Borrowers
Virgin Money and Skipton Building Society are cutting mortgage rates, making it cheaper to borrow. Virgin Money, the banking giant, is slashing rates on selected residential and buy-to-let mortgages by up to a hefty 22 basis points. This means lower monthly repayments for borrowers. Here’s a breakdown of Virgin Money’s reductions: From 8pm tonight (8th…
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Nationwide Slashes Mortgage Rates
Nationwide Building Society is cutting mortgage rates by up to 0.3% – a move that could save you thousands of pounds! This good news comes into effect tomorrow (9th July) and applies to various types of mortgages. Here’s a breakdown of what’s changing: New Customers Buying a Home: First-Time Buyers: Remortgaging Your Existing Home: Switching…
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Hinckley & Rugby Mortgage Rate Cuts Give Homebuyers a Boost
Hinckley & Rugby Building Society has announced good news for first-time buyers and those looking to remortgage, with cuts of up to 0.3% on some of its mortgages. The changes apply to the building society’s Income Flex, Flex Together, and Visa products, with new two and five-year fixed-rate deals now available. These changes come as…
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Good News for First-Time Buyers as More 95% Mortgages Available
Worried about getting a mortgage with a small deposit? Don’t despair! The number of low-deposit mortgages available has jumped to its highest level in two years, offering a glimmer of hope for aspiring homeowners. The latest figures from Moneyfacts show that there are now 361 different 95% loan-to-value (LTV) mortgages on the market. That means…