Category: Mortgages
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UK Borrowers Eye New Mortgage Deals in 2024
Over a third of UK borrowers are actively considering switching to a new mortgage product this year. This significant interest in the mortgage market, as uncovered by NerdWallet UK, signals a shift in the housing finance landscape for 2024. The findings from NerdWallet UK’s research are eye-opening. An impressive 36% of borrowers are contemplating a…
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Finding the Best Mortgage – Why Choosing the Right Broker Matters
In today’s competitive British mortgage market, finding the right mortgage broker is more than just a convenience – it’s a crucial step towards saving a substantial amount of money. With a mortgage price war currently underway, understanding the role of a mortgage broker and how to pick the right one can make a significant difference…
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More Lenders Slash Rates in Fierce Competition
Yorkshire Building Society (YBS) is reducing selected fixed rate mortgage deals by up to 0.65 percentage points. A particularly attractive offer from YBS is a five-year fixed rate mortgage for both purchase and remortgage, now standing at 3.99%. This deal is tailored for borrowers who can provide 25% equity or a cash deposit for purchases.…
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Skipton Reduces Rates on 99 Products
Skipton Building Society has just announced a sweeping reduction in mortgage rates. Starting from 9:00 am today, Thursday 11th January, these cuts are poised to affect a wide array of mortgage products, benefiting both new and existing customers of the Society. Major Rate Cuts Across the Board In what appears to be a major overhaul…
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The Shrinking Advantage of Big Mortgage Deposits
In recent years, the UK mortgage market has seen a change: the difference in mortgage rates for those with large deposits versus those with smaller ones is getting smaller. This trend means that while having a big deposit can still get you a better rate, the financial advantage isn’t as significant as it used to…
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Pepper Money Reduces Mortgage Rates
Pepper Money has announced a significant reduction in its mortgage rates. This change is set to benefit a wide range of customers, particularly those looking to secure a mortgage with a smaller deposit. Pepper Money has made a sweeping change by reducing rates across its entire product range. The cuts are as substantial as 0.98%,…
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Big Mortgage Rate Cuts at Coventry for Intermediaries
Coventry for Intermediaries has recently announced a significant reduction in all its fixed mortgage rates. This change is set to benefit a wide range of customers, including those looking to buy a new home or those considering remortgaging their existing property. Dramatic Drops in Rates The most notable change includes reductions of up to 0.57%…
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Barclays, Santander Cut Mortgage Rates
Major banks like Barclays and Santander have slashed their mortgage rates, signaling a potential boon for UK homebuyers. This trend, initiated last week by HSBC and Halifax, continued with Barclays and Santander announcing substantial reductions. Santander Leads with Attractive Deals Santander has made a strong entry with an appealing sub-4 percent deal. This offer is…
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MFS Slashes Mortgage Rates
MFS (Market Financial Solutions), a lender since 2006, is adjusting the cost of borrowing. The rate cut applies to both fixed and variable rate products, encompassing a wide range of property types, including residential and commercial. New Rates and Products: A Focus on Flexibility and Support Paresh Raja, the CEO of MFS, emphasised that while…
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Mortgage Rates Set to Dip Below 3%
Experts forecast a significant drop in mortgage rates, possibly dipping below 3% by the year’s end. In FT Adviser, Charles Breen, the founder of Montgomery Financial, leads the chorus of predictions, suggesting that the decline in mortgage rates will be spurred by consistent interest rate cuts in the latter half of the year. This is…