Tag: Nationwide
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Landlords Facing Soaring Finance Costs Despite Recent Cut in Interest Rates
The Bank of England cut the base rate by 0.25% to 5% earlier this month, but this has only offered limited relief to landlords, with many still facing high borrowing costs. A recent poll by bridging lender Finbri, which surveyed 600 UK property investors, found that 67% of landlords are concerned about the impact of…
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Could the Base Rate Cut Mean House Prices Rise by 2.5% This Year?
Leading property experts, Savills, predict house prices could climb by 2.5% in 2024. This optimistic outlook follows the recent decision by the Bank of England to cut the base rate to 5% – the first reduction in four and a half years. What does this mean for you? This rate cut is a strong sign…
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Mortgage Rate Meltdown – This Week’s Best Deals
Fixed mortgage rates are dropping fast, making it cheaper to borrow for your dream home. Good news for anyone looking to buy a home or remortgage! Lenders are slashing their fixed mortgage rates, with some of the lowest deals falling for the second week in a row. This means you could bag yourself a bargain…
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Nationwide Slashes Mortgage Rates – Price War Continues!
Nationwide Building Society has announced a major cut to its mortgage rates, with some of the lowest rates ever seen! From today, Wednesday 14th August, Nationwide will be reducing rates by up to 0.20 percentage points across a range of its fixed-rate mortgages. Here’s what you need to know: Moving Home? First Time Buyer? Remortgaging?…
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Coventry is Latest to Drop Rates Below 4%
Coventry Building Society is the latest lender slashing mortgage rates below 4%! This comes hot on the heels of similar moves from big names like NatWest, HSBC, Barclays, Halifax, and Nationwide Building Society. Coventry’s new deal offers a tempting 3.9% fixed rate for five years, available up to 65% loan-to-value. You’ll need £999 for the…
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Halifax is Latest to Cut Mortgage Rates Below 4%
Halifax has joined the battle to offer the best mortgage deals, slashing rates below 4%! From August 9th, Halifax is cutting rates by as much as 0.16% on certain products. This means both home movers and first-time buyers can now snag a five-year fixed-rate mortgage at just 3.99% for loans up to 60% of the…
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Mortgage Rates Take a Tumble – Best Deals This Week
Despite rising house prices, mortgage rates are falling, offering hope for those looking to step onto the property ladder. The Halifax House Price Index reported a 0.8% surge in house prices in July, pushing the average UK house price to £291,268. That’s a hefty 2.3% increase compared to last year, marking the most significant jump…
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Mortgage Price War! Barclays Offers New Lowest Rate
Homeowners looking to remortgage are in for a treat this week, with Barclays slashing their five-year fixed-rate mortgage to a record low of 3.83%! This move comes hot on the heels of similar cuts from rivals NatWest and HSBC, sparking a price war in the mortgage market that’s great news for borrowers. Just yesterday, HSBC…
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HSBC Launches New Sub-4% Mortgage Deal – Is This the Start of a Price War?
Homebuyers and those looking to remortgage could be in for a treat as HSBC has shaken up the market by launching an incredibly low mortgage rate – but you’ll need a big deposit to qualify. The banking giant has unveiled a market-leading five-year fixed-rate mortgage at just 3.95%, undercutting rivals NatWest and Nationwide who launched…
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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…