Category: Mortgages
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Mortgage misery set to continue as Bank of England freezes rates AGAIN
The Bank of England has decided to keep interest rates on hold at 5.25% for the seventh time in a row, dashing the hopes of homeowners looking for a break from pricey mortgage payments. This news comes despite the fact that inflation has finally fallen back to the Bank’s target of 2%. So, what does…
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Atom Bank Slashes Mortgage Rates – Good News For Homebuyers!
Atom Bank has announced a cut to its fixed-rate mortgages, offering a glimmer of hope to homebuyers struggling with rising interest rates. The digital lender has reduced rates across its prime mortgage products by up to 0.15%, effective immediately. This means potential homeowners could save money on their monthly repayments. What are the new rates?…
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Nottingham Building Society Throws Open the Door to Foreign Buyers With Rate Cuts
Good news for foreign nationals and expats looking to buy in the UK! Nottingham Building Society has slashed mortgage rates by up to 0.23% in a bid to attract more international buyers. This move comes hot on the heels of the building society’s recent launch of a brand-new mortgage scheme designed specifically for foreign nationals.…
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Experts Predict Mortgage Rate Squeeze – What are the Best Deals This Week?
Good news and bad news for those looking to get on the property ladder as house prices have risen for the second month in a row. The average price of a UK home rose by 1.1% in April, following a 0.9% increase in March, according to the latest figures from the Office for National Statistics…
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NatWest Slashes Mortgage Rates – Saving Homebuyers Thousands!
Good news for anyone looking to buy or remortgage a home! NatWest is slashing its fixed-rate mortgage rates by up to a whopping 17 basis points (bps) from tomorrow, 20th June. This means cheaper monthly payments for borrowers and potentially thousands of pounds saved over the lifetime of a mortgage. Here’s the breakdown: The new…
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Hinckley and Rugby Helps Homebuyers to Get Mortgages Despite Credit Issues
Hinckley and Rugby Building Society has announced changes to its lending criteria, making it easier for people with past credit problems to get a mortgage. The building society has relaxed the rules on its “credit flex” mortgage, which is specifically designed for those who might have been rejected by other lenders. What are the changes?…
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House Buyers Desert Market as Mortgage Lending Hits Rock Bottom
Mortgage lending has plummeted to its lowest point since interest rates began their relentless climb back in 2013, leaving those hoping to buy a home stuck in the doldrums. A new report from Octane Capital paints a bleak picture for the housing market, with total mortgage lending hitting a paltry £50.5 billion in the first…
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15-Year Fixed-Rate Mortgage Offers Security to UK Homebuyer
In a rare move for the UK mortgage market, a borrower has secured a 15-year fixed-rate mortgage, shielding them from potential interest rate hikes for over a decade. A recent loan issued by April Mortgages has highlighted an unusual opportunity for UK homebuyers seeking long-term stability: a 15-year fixed-rate mortgage. The borrower secured a competitive…
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Will the Bank of England Finally Interest Cut Rates?
Homeowners across the UK are feeling the pinch as interest rates remain stubbornly high. With inflation expected to fall back to the Bank of England’s 2% target, many are hoping for some much-needed relief. The big question on everyone’s mind is: will the Bank of England finally cut interest rates? The latest figures show that…
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Credit Card Debt Could Wreck Your Mortgage Hopes, Experts Explain
Mortgage hopefuls are being warned about their credit card debt by experts, with new data revealing the true scale of borrowing in the UK. The warning comes as UK Finance, the banking trade body, revealed that outstanding credit card balances have shot up by 9.9% in the year to March 2024. That means almost half…