Tag: Remortgage
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Yorkshire Building Society Lowers Mortgage Rates
Yorkshire Building Society has announced a second round of mortgage rate cuts this August, offering a glimmer of hope to both first-time buyers and those looking to remortgage. The building society has reduced rates across its range of mortgages, with some fixed-rate deals falling by as much as 0.20%. This move comes as a welcome…
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Homeowners Rush to Remortgage as Rates Fall
Remortgage activity surged by a fifth in July as homeowners rushed to lock in better deals following recent interest rate cuts. According to the latest data from LMS, a leading mortgage technology provider, there was a significant 20% jump in the number of remortgages completed in July compared to the previous month. Five-Year Fixes Most…
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Fixed-Rate Mortgages Top Choice for Homeowners in 2024
New research has revealed that fixed-rate mortgages are the most popular type of home loan in 2024, with almost a third of homeowners opting for the security of fixed monthly payments. A survey of 4,950 people by Compare the Market found that 28% of respondents considered a fixed-rate mortgage when looking at their options. This…
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Home Buyer Demand Surges – This Week’s Best Mortgage Rates
Good news for sellers as mortgage rate cuts spark a buying frenzy! The property market is heating up! Thanks to recent mortgage rate cuts, more and more people are clamouring to buy homes. Rightmove, the property website, has revealed that since August 1st, there’s been a 19% increase in the number of people contacting estate…
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Accord Cuts BTL Rates
Accord Mortgages is giving landlords a chance to save on your buy-to-let (BTL) mortgages. They’ve just announced a round of rate cuts, with some products dropping by as much as 0.20%! What’s Changed? Accord is cutting rates across its entire BTL product range for loans up to 75% of the property’s value. This means you…
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Nationwide Slashes Mortgage Rates
Nationwide Building Society is dropping its mortgage rates with some of the lowest deals ever offered. From tomorrow, August 22nd, you can get a fixed-rate mortgage with an interest rate as low as 3.78%. That’s a significant drop from their previous rates and could mean huge savings for you over the life of your loan.…
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Reduced Mortgage Rates and 10-Year Fix Announced by Perenna
Perenna, the specialist long-term fixed-rate lender, has announced a shake-up of its mortgage range, including the introduction of a 10-year fixed-rate deal. This will sit alongside its existing range of 15-year fixed-rate mortgages. What are the new rates? The lender has cut rates across its range, with some of the biggest savings to be made…
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Virgin Money Cuts BTL Mortgage Rates
Virgin Money has just announced reductions on their buy-to-let (BTL) mortgage rates. Virgin Money has slashed rates on a range of their BTL mortgages, meaning you could be saving a decent chunk of cash on your monthly payments. Here’s what you need to know: BTL with a £995 Fee: BTL Fee-Savers: Exclusive BTL: More Rate…
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Mortgage Rate Drop – Fixed-Rate Prices Fall
Average two and five-year fixed-rate mortgages have fallen by 0.4% this week, Moneyfacts reports. This means cheaper monthly repayments are now up for grabs! Despite more sub-4% fixed deals hitting the market, the average rate across all loan-to-value (LTV) ratios for two, three, and five-year fixed-rate mortgages remains above 5%. Big Banks Slash Rates This…
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TSB Slashes Mortgage Rates by Up to 0.35%
TSB has cut rates across a range of its fixed-rate mortgages, including deals for first-time buyers, home movers and those remortgaging. Here are the key changes: First-time buyers and home movers Remortgaging Affordable Housing: TSB has also cut rates on selected affordable housing products by as much as 0.35%. All of the new rates are…