Latest News
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Buy-to-Let Purchases Tumble – Fewer Landlords Buying Property
The buy-to-let market is in a slump, with fewer people buying rental properties than at any time in the last eight years. This news comes from experts at Lubbock Fine, who have been crunching numbers from the government. They looked at the number of property purchases that had the extra stamp duty charge slapped on…
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Fleet Mortgages Lowers BTL Rates and Offers New Deals
Fleet Mortgages is cutting rates and introducing new deals that could make a big difference to your bottom line. New 2-Year Fixed Rate Deals Fleet has just launched two new, two-year fixed rate buy-to-let deals for both standard and limited company borrowers. These new deals are available up to 75% LTV (Loan-to-Value) and come with…
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House Prices Edge Up in July – Nationwide
House prices inched up in July, but buyers are still feeling the pinch. The average price of a UK property rose by 0.3% last month, according to the latest figures from Nationwide. That means the average house will now set you back £266,334 – up from £266,064 in June. This latest rise means house prices…
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HSBC, TSB and Others Announce Mortgage Rate Cuts!
HSBC has slashed its tracker mortgage rates to reflect the Bank of England’s recent decision to cut the base rate. Other lenders are following suit, offering cheaper deals to homeowners and those looking to buy. Last week, the Bank of England lowered the base rate by 0.25% to 5%. This was the first reduction since…
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NatWest Unveils Market-Leading 3.97% Mortgage Rate
In a welcome boost for homebuyers grappling with high mortgage rates, NatWest has launched the lowest five-year fixed-rate mortgage on the market at just 3.97%. This move comes hot on the heels of the Bank of England’s decision last week to lower the base interest rate from 5.25% to 5%, prompting lenders to slash their…
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Two-Year Fixed-Rate Mortgages Could Cost You More – Five-Year Deals Are Now Cheaper
Bank of England finally cuts interest rates – but experts warn the days of cheap mortgages are over. Last week saw a welcome interest rate cut, but analysts are warning this doesn’t mean mortgages will become more affordable. In fact, experts predict a new average interest rate of 4.5%. This is especially important for those…
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Mortgage Rate Cuts from MPowered
MPowered Mortgages has slashed fixed rates by up to 0.37% this week, offering a much-needed boost for those looking to buy a home. In a move designed to benefit a wider range of borrowers, the lender has also introduced new loan-to-value (LTV) tiers. This means that instead of large jumps between LTV bands, borrowers will…
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The Mortgage Works Reduces buy-to-let rates
The Mortgage Works (TMW) is dropping buy-to-let mortgage rates by up to 0.45% from tomorrow, Tuesday 6th August. This move makes TMW one of the most competitive lenders in the market, with some of the lowest rates available for landlords looking to invest. Here are the highlights of the new rates: Joe Avarne, Senior Manager…
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Mortgage Searches Leap Back into Action in July
After a bit of a dip in June, the mortgage market is back on the upswing. Searches for both purchase and remortgage deals saw a healthy jump in July, according to the latest figures from mortgage tech firm Twenty7tec. More buyers are on the hunt: Searches for mortgages to buy a home shot up by…
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House Hunters Back in Action as Market Set to “Kick Off!”
Experts predict a surge in house sales from September as pent-up demand and a boost in mortgage enquiries promise a busy autumn for the property market. Peter Brodnicki, CEO of Mortgage Advice Bureau, believes the stars are aligning for a much-needed market surge. Speaking on The Two Russells podcast, he pointed to the recent base…