Category: Mortgages
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Mortgage Rate Cuts from Clydesdale and Accord
Clydesdale Bank and Accord Mortgage have announced cuts to a range of their mortgage rates, offering some relief to those looking to buy or remortgage. From tomorrow, July 2nd, Clydesdale Bank is slashing rates across its residential and buy-to-let (BTL) products by as much as 73 basis points (bps). That translates to a potential saving…
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Harpenden Building Society Reduces Mortgage Rates
Good news for borrowers with unusual circumstances – Harpenden Building Society is lowering its variable rate mortgage by 0.30%! In a move designed to support borrowers with complex incomes or properties, Harpenden Building Society has cut its variable rate mortgage to just 6.39%. This rate applies to loans up to 65% loan-to-value. Mike Cutler, Commercial…
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Mortgage Rates Hope as NatWest Announces Cuts
Good news for homebuyers and those looking to remortgage – NatWest is cutting interest rates on a range of mortgages by up to 23bps From tomorrow (July 2nd), borrowers could bag a cheaper deal, whether they’re buying a new home or sticking with their current property. Here’s the breakdown of the cuts: For those buying…
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Landlords Selling to Tenants – The No-Deposit Mortgage That Could be Your Ticket Out
It might sound too good to be true, but there’s a new type of mortgage that lets tenants buy their rented homes without needing to save a penny for a deposit. A Landlord’s Gift: The Concessionary Purchase Mortgage Lenders like TSB, Halifax, Nationwide, Barclays, and NatWest are offering “concessionary purchase” mortgages, which allow tenants to…
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Act Fast to Bag the Best Remortgage Deal
Homeowners looking to remortgage are being urged to act quickly to secure the lowest rates. With the Bank of England tipped to cut interest rates, you might be hoping for your monthly mortgage payments to fall. But experts are warning that lenders are unlikely to pass on the full savings, meaning those who don’t shop…
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Mortgage Rates Edge Up as Experts Predict Autumn Rate Cut
Good news, everyone! Inflation is finally under control, but that doesn’t mean mortgage rates are going down just yet. While the Bank of England has managed to wrestle inflation down to its 2% target, experts believe they’ll hold off on cutting the base rate until autumn. This means mortgage rates are likely to stay put…
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Mortgage Squeeze – More Homeowners to Feel the Pinch
Bank of England warns of tough times ahead but says banks are ready to help The Bank of England (BoE) has warned that the number of homeowners struggling with their mortgage payments is set to rise over the next two years. This comes as no surprise, as many households are already grappling with the soaring…
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New 95% Shared Ownership Mortgage to Help First-Time Buyers
Suffolk Building Society has launched a new mortgage specifically designed to help first-time buyers purchase a home through shared ownership. The new mortgage has a fixed interest rate of 5.25% for five years and allows buyers to borrow up to 95% of the property’s value. This means that buyers could secure their home with a…
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Coventry Cuts Rates – Is Now the Time to Bag a Mortgage Bargain?
Mortgage rates are falling as experts predict the Bank of England will soon slash interest rates. Coventry Building Society is the latest lender to announce it’s cutting rates on some fixed-rate mortgages. This comes hot on the heels of similar moves by high-street giants HSBC, NatWest and Barclays. These cuts will be a welcome relief…
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New Build Dreams Just Got Closer – NatWest Slashes Deposits by £20k!
NatWest has announced an important move for those looking to buy a brand-new home. The banking giant has increased the amount buyers can borrow on new build properties, meaning significantly lower upfront deposits. What’s Changed? NatWest has bumped up its maximum loan-to-value ratios (LTV) for new builds: What Does This Mean For Your Wallet? With…