Category: Mortgages
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LendInvest Now Helping You Remortgage, Even If You’ve Got a Bad Credit History
Worried about getting a new mortgage? LendInvest has just launched a brand new product designed to make life easier for those who need to remortgage their homes. The new “65% LTV remortgage product” is aimed at people who might find it tough to get a mortgage elsewhere. This is because they offer mortgages to people…
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Mortgage Woes – Brits Are Struggling To Keep Up With Payments
The Bank of England has revealed that more and more homeowners are falling behind on their mortgage payments, with the number of Brits struggling to pay reaching its highest level in almost a decade. The value of mortgage balances with arrears jumped by a whopping 44.5% in the first three months of 2024 compared to…
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Barclays Hike Mortgage Rates – Your Home Loan Could Get More Expensive
It’s bad news for anyone looking to buy a house or remortgage, as Barclays has announced it’s increasing the cost of some fixed-rate mortgage deals. This means your monthly repayments could be higher, adding to the pressure on household budgets. The reason for the hike is a change in the market. Banks are charging each…
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Suffolk BS Cuts Rates and Opens the Door to 95% Mortgages
Suffolk Building Society has just announced some fantastic changes to their mortgage deals, making it easier for first-time buyers to get on the property ladder and for everyone to save on their monthly bills. Suffolk BS is back in the 95% loan-to-value (LTV) market. This means they are now offering mortgages to people who only…
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Mortgage Deals Drying Up Faster Than Ever!
Desperate to get a mortgage? You’d better act fast! The average time you have to snag a great deal has plummeted to just 15 days, according to the Moneyfacts UK Mortgage Trends Treasury Report. That’s down from a whole month just last month! Is this bad news? Well, kind of. It means you have to be…
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Get Your First Mortgage – 12 Things You NEED to Know!
Buying your first home is exciting, but the mortgage process can feel like a maze! Don’t worry, Which? has a guide, with the 12 essential things to know before you even start applying. Here’s a summary – 1. Credit Report Check – Don’t Be a Loan Loser! Before you even think about applying, check your…
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Bank of England Under Pressure to Cut Interest Rates as ECB Takes the Plunge
Could cheaper mortgages be on the horizon? The European Central Bank (ECB) has shocked markets by cutting interest rates, sparking hopes that the Bank of England (BoE) will follow suit. The ECB has slashed its key deposit rate to 3.75%, moving faster than both the BoE and the Federal Reserve in loosening monetary policy. What’s…
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Second Charge Mortgages Boom – Borrowers are Taking Out More Loans!
It seems Brits are feeling more confident about their finances, as the latest figures show a massive jump in second charge mortgages. Second Charge Mortgages: What Are They? A second charge mortgage is a bit like a second mortgage, but instead of your home being the main security, it’s a second security. This means that…
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Mortgages Getting More Expensive – TSB & Skipton Hike Rates
It’s bad news for anyone thinking about getting a mortgage, with two major lenders, TSB and Skipton, raising their rates. This means you’ll be paying more to borrow money to buy a home. TSB has announced it’s increasing the rates on some of its most popular mortgages, making it more expensive for first-time buyers and…
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Mortgage Rates – Best Deals This Week
This week, mortgage rates have shown little change, maintaining the status quo for those looking to secure a new home loan. The average rate for a two-year fixed mortgage remains at 5.89%, while the five-year fixed rates have seen a slight decrease from 5.39% to 5.36%. This stability follows the Bank of England’s decision to…