Tag: Green Mortgage
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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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Property Purchase Financing – Your Options
Buying a home can be one of life’s most exciting, yet daunting, challenges. Whether you’re a first-time buyer or looking to invest in property, understanding the array of financing options available is key to making an informed decision that suits your financial situation. Let’s look at the different ways you can finance a property purchase…
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Goodbye High Mortgage Rates – Cheaper Loans on the Horizon?
Recent developments have sparked hope among UK homebuyers and homeowners, as mortgage rates are expected to dip below 4% in the upcoming weeks. This promising forecast comes after a series of favorable economic indicators, including a surprising drop in inflation and a significant decision by the Bank of England to hold interest rates steady. The…
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Halifax Set to Hike Remortgage Rates This Friday
Halifax, one of the UK’s leading mortgage lenders, has announced a significant update that will impact numerous homeowners and prospective buyers across the country. Starting from this Friday, 15 March, Halifax will be increasing its remortgage rates, specifically targeting its two-year fixed rates. This decision follows closely on the heels of their recent adjustments to…
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UK Mortgage Rates on the Rise – Best Options This Week
Securing an affordable mortgage has become a bit more challenging for UK house hunters. As mortgage providers hike their rates, the dream deals of below 4% have all but disappeared, making it crucial for prospective homeowners to stay informed about the latest shifts in the mortgage landscape. The End of Sub-4% Mortgage Deals Mortgage rates,…
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Wave Goodbye to Bargain Mortgages? Rates on the Rise as Cheap Deals Disappear
The era of sub-4% mortgage rates seems to be drawing to a close. This shift comes as mortgage providers hike up their rates on new fixed deals, bringing an end to the more affordable borrowing costs that many had been enjoying. Here’s a round up of the latest mortgage market trends, what’s driving these changes,…
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The Latest on UK Mortgage Rates, February 20th 2024
Recent trends have shown a halt in the previous downward trajectory of mortgage rates. Some lenders have nudged their fixed-rate deals upwards. The average rate for a two-year fixed mortgage has crept up to 5.59% from 5.55%, while the five-year fixed deal saw a slight increase to 5.11% from 5.09%, as reported by Uswitch. This…
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Mortgage Rates On The Rise
Major banks and lenders like Halifax, NatWest, Virgin Money, and TSB have announced hikes in their fixed-rate mortgage deals. This move reflects the broader market’s response to increasing swap rates—the interest rates at which banks lend to each other—amid expectations that interest rates will remain elevated for an extended period. Understanding The Shift The Bank…
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Paragon’s Zero-Fee Five-Year BTL Mortgages with Cashback
Paragon’s new five-year fixed-rate BTL mortgages are a rarity in the market because they come with no product fees. This is a significant advantage for landlords, as it means they can save on the initial costs often associated with securing a mortgage. The interest rates for these mortgages begin at a competitive 5.80%. However, it’s…
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Foundation Home Loans Rate Reductions
In recent news, Foundation Home Loans (FHL) has announced significant rate cuts in its core product ranges, impacting both owner-occupied and buy-to-let property markets. Core Buy-to-Let Range Adjustments FHL has made a notable reduction of up to 30 basis points in its buy-to-let Core product range. Specifically, the ‘F1 Green five-year fixed-rate mortgage’, targeted at…