Tag: NatWest
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Coventry Cuts Rates – Is Now the Time to Bag a Mortgage Bargain?
Mortgage rates are falling as experts predict the Bank of England will soon slash interest rates. Coventry Building Society is the latest lender to announce it’s cutting rates on some fixed-rate mortgages. This comes hot on the heels of similar moves by high-street giants HSBC, NatWest and Barclays. These cuts will be a welcome relief…
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New Build Dreams Just Got Closer – NatWest Slashes Deposits by £20k!
NatWest has announced an important move for those looking to buy a brand-new home. The banking giant has increased the amount buyers can borrow on new build properties, meaning significantly lower upfront deposits. What’s Changed? NatWest has bumped up its maximum loan-to-value ratios (LTV) for new builds: What Does This Mean For Your Wallet? With…
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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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NatWest Slashes Mortgage Rates – Saving Homebuyers Thousands!
Good news for anyone looking to buy or remortgage a home! NatWest is slashing its fixed-rate mortgage rates by up to a whopping 17 basis points (bps) from tomorrow, 20th June. This means cheaper monthly payments for borrowers and potentially thousands of pounds saved over the lifetime of a mortgage. Here’s the breakdown: The new…
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Mortgage Rates Rise Again – What are the Best Offers This Week?
Homebuyers are finding it harder than ever to secure a good mortgage deal. Rates have climbed again this week, making it even more difficult for buyers to get on the property ladder. The average two-year fixed rate mortgage now stands at 5.99%, up from 4.89% last week. Five-year fixed deals are also up, sitting at…
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Barclays Hike Mortgage Rates – Your Home Loan Could Get More Expensive
It’s bad news for anyone looking to buy a house or remortgage, as Barclays has announced it’s increasing the cost of some fixed-rate mortgage deals. This means your monthly repayments could be higher, adding to the pressure on household budgets. The reason for the hike is a change in the market. Banks are charging each…
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Mortgage Rates – Best Deals This Week
This week, mortgage rates have shown little change, maintaining the status quo for those looking to secure a new home loan. The average rate for a two-year fixed mortgage remains at 5.89%, while the five-year fixed rates have seen a slight decrease from 5.39% to 5.36%. This stability follows the Bank of England’s decision to…
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Mortgage Rates Mostly Unchanged This Week
As reported by Uswitch, the average rate for a two-year fixed mortgage stands still at 5.89%, while the rate for a five-year deal has slightly decreased from 5.39% to 5.35%. These figures come in the wake of the Bank of England’s decision to maintain the UK interest rate at a 16-year peak of 5.25%. This…
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Mortgage Rates Rise as Homebuyers Hustle
As the UK housing market continues to wobble, this week saw a climb in mortgage rates that has both first-time buyers and those looking to remortgage feeling the squeeze. With an unexpected election on the horizon and fewer rate cuts anticipated from the Bank of England (BoE), climbing the property ladder is becoming increasingly tricky.…
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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.…