Latest News
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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…
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Newcastle Intermediaries Slashes Rates by Up to 0.65%
Newcastle Intermediaries has announced a significant cut in their mortgage rates, offering relief to homeowners and potential buyers. With reductions up to 0.65%, this shift signifies a welcome change for those struggling with housing costs or looking to enter the property market. Who Will Benefit? The rate cuts span various loan-to-value (LTV) ratios, making these…
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UTB’s Latest Bridging Offers
UTB has reduced interest rates across their range of regulated and unregulated bridging finance products. This reduction is up to 14 basis points (bps) – a basis point is one-hundredth of a percentage point, so this is a notable decrease. For regulated standard and light refurbishment bridging loans, rates have dropped from 0.75% per month…
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Bristol’s House Price Renaissance
In 2023, while the UK grappled with a slump in house sales, largely due to rising interest rates and persistent inflation, Bristol emerged as an outlier. The city experienced a surge in property interest, particularly in the BS10 area where a Victorian two-bedroom home received four offers at £345,000. This unexpected buoyancy is attributed to…
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Home Loan Price War – Now NatWest Cuts Rates
NatWest has reduced the rates of its fixed-rate mortgage deals. This decision comes amidst a growing price war among lenders, aiming to attract more customers with competitive pricing. NatWest’s rate cuts, effective from today, apply to various mortgage products, including those for residential home purchases and remortgages. NatWest’s new strategy involves a reduction of up…
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£9.5 Million Bridging Loan Secures Luxury London Apartment
Arc & Co., a real estate finance advisory firm, has successfully orchestrated a £9.5 million bridging loan. This substantial sum was secured to assist a private international client in acquiring a high-end apartment in the heart of London. Here’s a breakdown of what this deal means and how it was achieved. The focal point of…
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TSB Joins Mortgage Rate Battle, Lowers Costs for Homebuyers
TSB has joined the fray in what’s turning into a fierce competition among leading banks. Following in the footsteps of Halifax and HSBC, TSB is slashing mortgage rates, offering a lifeline to first-time buyers and those looking to move homes or remortgage. TSB is targeting its reductions at several key areas. The spotlight is on…
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Shawbrook’s New Loans for Property Investors
Shawbrook has recently unveiled a series of changes to its product lineup, aiming to provide professional property investors with more options and the ability to access larger loans in 2024. Among the new introductions are limited edition buy-to-let (BTL) products. These include: These products cater to loans starting at £150,000. An interesting aspect of these…
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Fleet and Keystone Cut BTL Rates for 2023
Two companies in the buy-to-let (BTL) mortgage market, Fleet Mortgages and Keystone Property Finance, have announced significant reductions in their interest rates. Fleet Mortgages has reduced the interest rates on its range of mortgage products. These cuts cover two-year, five-year, and seven-year fixed-term mortgages across three main categories: standard, limited company, and HMO (Houses in…
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2023 A Year of Rising Rents
Throughout 2023, rents have soared nearly 9% higher than the previous year, as outlined in the latest Rental Index from Goodlord. This dramatic increase has left renters paying an average of £1,182 per property, up from £1,086 in 2022. The London Leap London, as always, leads the way in high rental prices. In September 2023,…