Tag: Bank of Ireland
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Gen H Raises Mortgage Rates While Others Cut
Gen H is making a splash with some changes to its rates. They’re saying they’re doing this to “protect customer service levels” after a busy week, but let’s break down what it means for you: Bank of Ireland Cuts Costs Bank of Ireland is taking a different approach and is cutting rates on some of…
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Mortgage Rate Reductions from Leeds, Bank of Ireland
Leeds Building Society and Bank of Ireland are slashing their mortgage rates. These cuts will take effect today. Bank of Ireland is offering cheaper rates on its popular ‘Bespoke’ mortgages for those borrowing 75% to 90% of their property’s value. This means you could save money whether you’re buying your first home or remortgaging an…
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Halifax, Leeds, Kensington Announce Mortgage Rate Cuts
Halifax, Leeds Building Society and Kensington are slashing mortgage rates, making it cheaper to buy a home. This is fantastic news for anyone looking to get on the property ladder or remortgage their existing home. Halifax is leading the charge with the biggest cuts, with some rates dropping by as much as 0.22 percentage points…
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Mortgage Rate War Heats Up as More Lenders Slash Costs!
Good news for homebuyers (and potentially sellers)! Another wave of lenders have jumped on the bandwagon, slashing mortgage rates this week. This follows similar moves from big names like NatWest and TSB earlier this week, signalling that competition for borrowers is heating up! What’s happening and who’s involved? From tomorrow, you can expect to see…
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Where Are the Best Deals This Week?
As we move through another week, the average mortgage rates remain stable. The typical rate for a two-year fixed deal stands at 5.74%, and for those looking at longer-term security, a five-year deal averages around 5.24%. These figures come courtesy of Uswitch, indicating a steady market surface but underlying volatility. Despite the Bank of England…
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Mortgage News – A Mix of Rate Cuts and Hikes
Homeowners and buyers are facing a mix of opportunities and challenges in the mortgage market. Recent announcements from major banks show a shift in mortgage rates, with some institutions cutting rates to attract customers, while others increase fees, adjusting to market conditions. Here’s a breakdown of the latest changes and what they could mean for…
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Remortgage Rates Fall Below 5%
Remortgage rates have recently taken a positive turn, with the cheapest two-year fixed remortgage rates dipping below 5% for the first time since July. This decline marks a pivotal moment for approximately 1.6 million UK households nearing the end of their current mortgage deals. Lenders like Yorkshire Building Society, Virgin Money, Bank of Ireland, and…
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More Mortgage Lenders Slash Rates in Ongoing Price War
The UK’s property market is witnessing an intense competition among mortgage lenders, with major players like Santander and Skipton making significant cuts to their mortgage rates. This move, seen by many as a reflection of the ongoing price war in the mortgage industry, is great news for prospective buyers and investors. It indicates more affordable…
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NatWest and Others Cut Mortgage Rates
Recently, the UK experienced an unexpected dip in inflation. Traditionally, inflation rates influence various financial indices, including interest rates set by lenders. The UK’s annual inflation rate slowed to 6.7% last month, defying many predictions. This unforeseen drop seems to have set the stage for a cascade of reduced mortgage rates among several major lenders.…