Tag: Remortgage
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Santander Cuts Mortgage Rates
Santander has announced cuts to their fixed-rate mortgages by up to 0.20%! This could mean significant savings for borrowers, particularly those with larger loans. For example, on a £250,000 mortgage, a 0.20% reduction on a two-year fixed rate could save you over £1,000 in interest payments over the fixed term. Here are some examples of…
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Mortgages – What are Swap Rates and Why Should You Care?
Want to understand what’s going on with mortgage rates and how it affects your next property move? Let’s look at swap rates and how they impact your mortgage. Mortgage Rates – The Basics You know the drill: you want a mortgage, you need to pay interest on that loan. But there are two main ways…
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Clydesdale Cuts Mortgage Rates
Clydesdale Bank has announced cuts to a range of mortgage rates, offering some potential savings for homebuyers and those looking to remortgage. From tomorrow, July 30th, borrowers can take advantage of these reduced rates. Here’s a breakdown of the changes: Professionals Secure Top Deals Clydesdale is offering professionals the biggest discounts, with some two and…
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Mortgage Borrowing Doubles – Is A Rate Cut on the Way?
Mortgage borrowing in the UK has more than doubled, jumping from £1.3 billion in May to £2.7 billion in June, offering a glimmer of hope to homebuyers. Could this signal a rate cut is on the horizon? The Bank of England’s latest report shows the annual growth rate for net mortgage lending is also on…
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Together Launches New Discounted Rate Tracker Deal
Good news for nervous homebuyers and remortgagers: Lender Together has launched a new tracker mortgage designed to help people navigate the current climate of high interest rates. The new two-year discounted rate tracker mortgage is available for first and second charge mortgages, covering a range of scenarios: With economists predicting that interest rates may start…
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TML Slashes Buy-to-Let Rates
Good news for landlords looking to get a better deal on their mortgages! The Mortgage Lender (TML) has just announced some juicy reductions in their buy-to-let rates. Lower Rates Mean More Profit These cuts are all about helping landlords like you save money on your monthly mortgage payments. And, let’s face it, in this current…
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Zephyr Reduces Buy-to-Let Rates
Zephyr Homeloans has just announced some good news – they’ve slashed rates across most of their buy-to-let mortgage products. This means you could be saving money on your monthly repayments. Lower Rates, More Options Zephyr has reduced rates by 5-10bps (basis points) across the board, making it even easier for you to find a great…
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Remortgage Chill – Experts Predict Autumn Surge as Activity Dips
Homeowners holding back on remortgages but experts predict a surge in activity after summer holidays The number of people remortgaging their homes took a tumble in June, with experts predicting an autumn surge as homeowners wait for better deals. New figures from mortgage experts LMS show that remortgage instructions, the first step in the remortgaging…
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TSB Reduces Mortgage Rates, Starting Tomorrow
In a move that will be music to the ears of homebuyers, TSB is slashing its mortgage rates by up to 0.20% starting tomorrow (26 July). This means cheaper borrowing for those looking to get on the property ladder or remortgage their existing homes. Here’s a breakdown of the changes: Experts are saying… Nicholas Mendes,…
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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…