Tag: Nationwide
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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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Alarm Bells – First-Time Buyers Forking Out 40% of Wages on Mortgages
Are you dreaming of owning your own home but worried about crippling mortgage payments? You’re not alone! The latest figures from Nationwide Building Society reveal that first-time buyers are now shelling out 37% of their hard-earned cash on mortgage repayments. This figure is significantly higher than the long-term average of 30%, painting a bleak picture…
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Are Labour Governments Better for House Prices? What 50 Years of Data Tell Us
New research suggests homeowners could be quids in when Labour is in power. A search into house prices over the last half-century reveals interesting findings for anyone buying or selling a property. Thinking of buying or selling your home? New research suggests that the political party in charge of the country could have a big…
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Mortgage Market Gets a Much-Needed Boost! Who Has the Best Rates?
There’s a ray of light in the mortgage market as some of the top rates have started to drop. This comes as the Bank of England reports that mortgage borrowing shot up from £1.3 billion in May to £2.7 billion in June! While the number of mortgage approvals stayed steady at 60,000, this surge in…
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House Prices Up £1,815 – Nationwide
Good news and bad news for UK homeowners this month. The average house price went up by £1,815 in June, but while some parts of the country are booming, others are seeing prices fall. The Nationwide House Price Index, which tracks what’s happening in the property market, says that house prices are now 1.5% higher…
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Mortgage Rate War Erupts – This Week’s Best Deals
Good news for homebuyers! Mortgage rates have finally dipped below 4% for the first time in months. Nationwide Building Society is now offering a five-year fixed-rate mortgage at just 3.99% for new customers with a 40% deposit. This move has sparked hopes of a “summer of savings” as experts predict other lenders will have to…
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Nationwide Offers Homebuyers Hope with Sub-4% Mortgage Rates!
In a move that has sent ripples of excitement through the housing market, Nationwide has become the first major lender to slash mortgage rates below 4% since the recent period of climbing interest rates. From tomorrow (24th July), homebuyers can secure a five-year fixed-rate mortgage at just 3.99%! This incredible offer applies to those borrowing…
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This Week’s Best Mortgage Rates – 18th July 2024
Mortgage rates are falling, which means cheaper deals for homebuyers and those looking to remortgage. Here’s what you need to know this week. There’s good news for anyone looking to buy a house or remortgage, as some of the UK’s biggest lenders have been slashing their rates. Over the past week, Halifax, TSB and Barclays…
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Fancy Making Extra Cash from Your Spare Room? NatWest Says You Can Now Airbnb Your Home
NatWest has become the first big bank to allow customers to rent out their homes on Airbnb without getting into hot water with their mortgage. For many people, renting out a spare room or even their whole home for a few weeks a year seems like a great way to make extra money. However, most…