Tag: First Direct
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Mortgage Rates Edge Up as Experts Predict Autumn Rate Cut
Good news, everyone! Inflation is finally under control, but that doesn’t mean mortgage rates are going down just yet. While the Bank of England has managed to wrestle inflation down to its 2% target, experts believe they’ll hold off on cutting the base rate until autumn. This means mortgage rates are likely to stay put…
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Experts Predict Mortgage Rate Squeeze – What are the Best Deals This Week?
Good news and bad news for those looking to get on the property ladder as house prices have risen for the second month in a row. The average price of a UK home rose by 1.1% in April, following a 0.9% increase in March, according to the latest figures from the Office for National Statistics…
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Property Hotspots – Is Leeds The Next Big Thing?
Forget London, it’s Leeds that’s got everyone talking about property, according to the Yorkshire Evening Post. They say that this city is quickly becoming the hottest spot for investors in the North of England. Leeds is packed with culture, buzzing with jobs, and has a booming nightlife. It’s got everything you’d want in a city,…
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House Deposits – Best Savings Accounts for First-Time Buyers
Getting on the property ladder is a dream for many, but with house prices soaring and deposits getting bigger, it’s a tough climb. If you’re a first-time buyer, saving for a deposit is a marathon, not a sprint. Here’s a breakdown of the best savings accounts to help you reach your goal: 1. Lifetime Isa…
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Nationwide Ups Personal Loan Cap to £50K in Response to Rising Building Costs
Nationwide Building Society has announced that it is doubling the maximum personal loan amount from £25,000 to £50,000. This decision comes as a direct response to the escalating costs associated with building and home improvement projects. Nationwide has observed that the financial requirements for home improvements have surged beyond the previous loan cap of £25,000.…
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The Best Rates and Deals in the UK This Week
As mortgage rates continue to fluctuate, staying informed is crucial, especially for those in the UK housing market. This week, various changes in mortgage rates have been observed, impacting homemovers, remortgagers, and first-time buyers differently. This week has seen increases in mortgage rates among leading lenders, including HSBC, first direct, Barclays Mortgage, and MPowered Mortgages.…
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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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UK’s Mortgage Price War Brings Sub-4% Deals!
Top lenders are engaging in a competitive rate-cutting spree. HSBC and First Direct are now offering enticing sub-4% mortgage deals, including a 10-year fixed option. This move marks a dramatic change from the fluctuating mortgage rates seen over the past two years, providing potential stability for homeowners. First Direct has announced sweeping rate cuts across…
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Mortgage Rates Could Dip Below 4% Soon
Mortgage rates are set to fall below 4% as early as next week. This change is linked to the decrease in swap rates, a key indicator of mortgage rates. Swap rates dropped to 3.99% this Tuesday and went even lower to 3.94% by Thursday. For the first time since mid-June, the average rate for two-year…
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First Direct Slashes Mortgage Rates
First Direct has recently announced significant cuts in its mortgage deal costs, particularly benefiting those with smaller deposits. This move is part of a wider trend in the mortgage industry, with several lenders adjusting their rates in response to the evolving market conditions. Major Cuts for Small Deposits First Direct has made a notable reduction…