Category: Mortgages
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Mortgage Battle Continues – Barclays Announces Major Rate Cuts
Barclays has announced a significant reduction in the cost of various fixed-rate mortgage products. This change, set to take effect from today, 23rd January, will benefit both new and existing residential and buy-to-let borrowers. Barclays’ decision comes on the heels of similar rate cuts by most of the UK’s major mortgage lenders since the beginning…
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Virgin Money Cutting Interest Rates
Virgin Money’s residential range is getting the biggest cuts in five-year fixed rates. What does this mean for you? Well, if you’re considering a long-term fixed mortgage, rates now start at a more attractive 4.19%, though this comes with a £995 fee. If you prefer to avoid fees, you can still enjoy a reduced rate,…
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Government Mulls 99% Mortgages to Boost First-Time Home Ownership
The UK government is considering a revolutionary plan that could see the introduction of 99% mortgages. This radical proposal, if implemented, would significantly lower the barrier for young individuals aiming to climb onto the property ladder. Prime Minister Rishi Sunak and Chancellor Jeremy Hunt are reportedly deliberating over this ambitious plan, aiming to target the…
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Mansfield’s New Scheme A Lifeline for Borrowers with Credit Issues
Mansfield Building Society has unveiled its new Credit Repair mortgage proposition. This initiative is specifically designed to assist borrowers in financial hardships improve their credit ratings. Targeting Past Credit Challenges Recognising the difficulties faced by individuals with a history of credit problems, such as missed payments, defaults, county court judgments (CCJs), or even bankruptcy, Mansfield’s…
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New ‘Flex Together’ Mortgage for First-Time Buyers
Hinckley & Rugby Building Society has unveiled a new mortgage product, the “Flex Together” Joint Borrower Sole Proprietor (JBSP). This aims to offer a much-needed helping hand to those grappling with the escalating cost-of-living crisis. Key Features of Flex Together Mortgage Tailored Term Option Laura Sneddon, the head of mortgage sales at Hinckley & Rugby…
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Mortgage Rate Cuts Nearing an End, Experts Caution
Recently, there’s been a fierce competition among mortgage lenders in the UK, leading to a significant drop in mortgage rates. Since the start of the year, over 50 lenders have slashed their residential rates. This trend was fueled by expectations that the Bank of England would reduce the base rate once inflation was under control.…
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Santander Shakes Up Mortgage Market with New Low Rates
Santander has announced a series of new deals, slashing rates and offering some of the best terms available. This change is particularly useful for those looking to secure a mortgage, as rates edge closer to the 4% mark on two-year fixes, a major boon for borrowers. Two-Year Fixes – A Preferred Choice Santander’s reduction in…
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Principality Building Society Cuts Rates
In a welcome move for homebuyers and property investors, Principality Building Society has announced significant rate reductions on its mortgage products. This change affects both residential and buy-to-let mortgages, making it a crucial update for anyone in the housing market. Residential Mortgages If you’re looking to buy a home, here’s what you need to know:…
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HSBC Reduces Mortgage Rates
HSBC, one of the largest banking giants, has made a significant move by cutting mortgage prices. This decision arrives just before a crucial week of economic updates from the Bank of England. The new, lower rates from HSBC are set to kick in from January 16th. However, the exact details of these rates remain under…
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Aldermore Cuts Rates for Homebuyers and Landlords
Aldermore Bank has just announced considerable reductions in their mortgage rates. Starting from Tuesday, 16th January, the lender is implementing a 0.50% cut across both its residential and buy-to-let mortgage products. Residential Mortgage Changes For those looking to buy their own home, Aldermore’s rate reduction is particularly good news. The bank has slashed the fixed…