Tag: NatWest
-
TAB Launches Bridging Loans in Scotland
TAB, a property finance and investment house, has now extended its bridging loan services to Scotland. This development not only broadens TAB’s geographical footprint but also brings a new dimension to the Scottish real estate finance market. Historically concentrated in London and the South East, TAB’s decision to venture into Scotland is a strategic move…
-
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…
-
Mortgage Costs on the Rise Amid Economic Shake-Up
Mortgage costs are on an upward trajectory as banks brace for a period of prolonged high interest rates, leaving millions of homeowners facing steeper bills. This development comes at a time when economic uncertainty looms large, casting a shadow over the financial market and complicating the path forward for those looking to secure or renew…
-
NatWest Mortgage Rates on the Rise
NatWest has announced a significant update to its mortgage rates, affecting new and existing customers alike. Starting from today, 16th February, those looking to secure a new mortgage or remortgage their property with NatWest will find themselves facing higher interest rates. If you’re in the market for a new mortgage, brace yourself for an increase…
-
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…
-
Buy To Let Mortgages Roundup – 6th February
The NRLA published a roundup of latest news and products from the BTL mortgage market. Here’s our summary – A Wave of Cuts The Mortgage Works Leads the Charge The Mortgage Works has made headlines not once, but twice in a single week, announcing rate cuts up to 0.15 percent for new customers. With rates…
-
Major Lenders Slash Mortgage Rates Ahead of BoE’s Crucial Decision
Several major lenders in the UK have decided to cut their mortgage rates just before the Bank of England (BoE) announces its latest decision on interest rates this Thursday. Halifax, one of the UK’s largest mortgage lenders, has taken a bold step by reducing its mortgage rates by a substantial 0.53 percentage points, starting from…
-
House Prices Set to Rise by 3% in 2024 – Knight Frank
After a challenging 2023 with falling house prices, Knight Frank, a global property consultancy, has some unexpected news. They’re revising their predictions for the UK housing market, now expecting a 3% rise in house prices for 2024. This is a significant turnaround from their earlier forecast of a 4% drop. What’s driving this change? A…
-
Golden Opportunity in the Property Market for First-Time Buyers
The UK property market is presenting a unique chance for first-time buyers to get their foot on the property ladder. This viewpoint has been echoed by experts and key figures in the banking and property sectors, though opinions on the ease of accessing the housing market vary. A Bright Outlook from Property Experts Nathan Emerson,…
-
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…