Latest News
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Three-Year Fixed Rate Mortgages Get Cheaper With MPowered
MPowered Mortgages has lowered their three-year fixed rate mortgages by up to 0.30%! In a move that bucks the recent trend of rising mortgage rates, MPowered Mortgages has announced cuts to its three-year fixed rate products. This comes as a welcome relief for borrowers facing uncertainty in the mortgage market. What are the new rates?…
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NatWest Cuts Mortgage Rates – Should You Make a Move?
Good news for homebuyers and those looking to remortgage – NatWest has announced cuts to a range of mortgage rates, with some deals falling by up to 0.41%! From the 25th of October, NatWest are offering lower rates on the following products: Here’s a breakdown of the changes: New Purchases: Remortgages: What do the experts…
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Best Mortgage Rates Amidst Budget Uncertainty
Mortgage rates are creeping up again – just a week before the Government announces its Autumn Budget. Experts think buyers and sellers are getting nervous about what the Chancellor might do. Nobody’s certain what the impact of the Budget will be, which could be making lenders a bit jittery. That means higher rates for borrowers,…
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Government Red Tape Slash Sparks Office-to-Flats Conversion Bonanza!
Developers are rushing to turn dreary offices into desirable flats. Thanks to a rule change back in March, converting big commercial spaces into residential pads is easier than ever, with thousands of potential homes in the pipeline. New figures from property experts Knight Frank show that applications to transform large, unused offices into flats have…
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Rent Rises Cooling Off, Edinburgh Tenants Still Paying High Prices
Good news for landlords – rental prices are still going up, although the rental boom might be starting to lose steam. That’s according to the latest data from SpareRoom, which shows that rents rose by 4% in the year to September – the lowest increase we’ve seen so far this year. But, it’s worth noting…
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Gen H Slashes Mortgage Rates: Good News for Buyers!
Mortgage lender Gen H has announced cuts to their rates, offering a glimmer of hope for potential homebuyers. The company has reduced rates across a range of its mortgages by up to 0.25%, making it cheaper for both first-time buyers and those moving up the ladder to get a mortgage. So, how much could you…
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Mortgage Rate Cuts from Furness
Furness Building Society has cut mortgage rates by up to 0.25% for both residential and buy-to-let borrowers. This is welcome news for anyone looking to buy a home or expand their property portfolio. The cuts apply to fixed-rate products across a range of loan-to-value ratios (LTVs), meaning that there are savings to be made for…
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Second Charge Mortgages are Booming
It seems homeowners are turning to second charge mortgages in droves! New figures show that borrowing against your home is more popular than ever. The amount lent out in second charge mortgages shot up by 17% in the first half of 2024. That’s much faster than any other type of borrowing, leaving even loans for…
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Somerset House Prices Hit Record High
The latest figures from the UK House Price Index show that the average Somerset property is now worth £293,721. That’s a jump of 1.5% since July and a considerable 2.8% increase compared to this time last year. This surge in house prices is fantastic news if you’re thinking of selling your home in Somerset. However,…
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BTL Mortgage Arrears Still Low Despite Small Rise – Should Landlords Be Worried?
The latest figures show a tiny increase in the number of landlords falling behind on their mortgage payments, but experts reckon it’s nothing to worry about. So is now a good time to grab a bargain? Read on… The number of buy-to-let (BTL) mortgages in arrears edged up by just over 0.5% in the second…