Tag: Remortgage
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UK Mortgage Rates on the Rise – Best Options This Week
Securing an affordable mortgage has become a bit more challenging for UK house hunters. As mortgage providers hike their rates, the dream deals of below 4% have all but disappeared, making it crucial for prospective homeowners to stay informed about the latest shifts in the mortgage landscape. The End of Sub-4% Mortgage Deals Mortgage rates,…
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Mortgage Fees on the Rise
The latest findings from Moneyfacts have shown the creeping costs associated with securing a mortgage. As of the end of February 2024, homeowners and potential buyers are facing an uphill battle with not only higher mortgage rates but also an increase in product fees. This financial double whammy comes at a time when many are…
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Hanley Economic Expands Buy-to-Let Mortgage Options for Expats and Remortgagers
Hanley Economic Building Society has just announced the addition of two new products to its buy-to-let (BTL) range. This expansion includes a variable rate deal specifically designed for expatriates and a fixed-rate option tailored for those looking to remortgage. This development is set to offer more flexibility and choice to landlords navigating the complex BTL…
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Barclays Shakes Up Mortgage Rates
Barclays has announced a revamp of its mortgage offerings, both for residential purchases and buy-to-let (BTL) properties. This change, effective from the 5th of March, could have wide-reaching implications for borrowers. Barclays has introduced a brand-new mortgage deal for those looking to purchase a home. If you’ve got your eye on a property and need…
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Mortgage Rates On The Rise – Nationwide and Halifax Make Moves
Nationwide Building Society has just announced an increase in its mortgage rates. This marks the second time in just a month that the lender has decided to up the ante for both new borrowers and those already holding mortgages with them. And it’s not just Nationwide that’s adjusting its figures; Halifax is also tweaking its…
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Homeowners Stung by Surprise Property Devaluations
A troubling trend has emerged in the UK housing market, leaving many homeowners and potential buyers grappling with unexpected financial hurdles. Dubbed as ‘down valuations,’ this phenomenon is causing significant distress among those looking to remortgage their homes or step onto the property ladder. ‘Mortgage headaches’ are becoming more common as a growing number of…
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New Mortgage Options Unveiled for Brits Abroad
Molo Finance has announced the introduction of a new expat buy-to-let mortgage range specifically designed for British nationals living overseas. This innovative financing option comes with competitive rates starting from 4.99%, a boon for those looking to invest in the UK property market from abroad. Building on the success of its non-resident buy-to-let mortgages rolled…
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Remortgaging Boosts Activity in the UK Mortgage Market
The UK’s mortgage market is showing signs of life, thanks to a significant boost from homeowners choosing to remortgage. This surge is bringing a much-needed optimism to a sector that’s been craving a comeback, according to the latest findings from Octane Capital. Between October and December 2023, the mortgage market witnessed an encouraging increase in…
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Mortgage Market Squeeze – HSBC Stands Alone with Sub-4% Deals
HSBC has become the solitary source for borrowers seeking rates under 4%, following Santander’s recent adjustments to its loan pricing. This development underscores a tightening market, where affordable borrowing options are becoming increasingly scarce, highlighting the need for potential homeowners and those looking to remortgage to act swiftly. Santander’s Rate Hike Santander has adjusted its…
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New Mortgage Options for Landlords – Zero Fees and Fixed Rates
Landbay has just rolled out two new, fee-free, five-year fixed-rate mortgage options for landlords. Aimed at offering competitive rates and increased flexibility, these new products could be a game-changer for those looking to buy or remortgage properties. The highlight of Landbay’s announcement is the launch of two fee-free mortgage products with a fixed interest rate…