Tag: Santander
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Mortgage Rates Keep Climbing – Is Now the Time to Fix?
House-hunters and homeowners looking to remortgage face higher costs this week as fixed rate mortgages continue to edge upwards. According to financial experts Moneyfacts, the average two-year fixed rate mortgage has gone up by 0.02%, three-year fixes increased by 0.04%, and five-year fixes rose by 0.01% in the last week alone. These increases are driven…
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Two-Year Fix vs. Five-Year Fix – The Mortgage Showdown!
Homeowners and buyers are facing a tough decision: should they lock in a mortgage rate for two years or five? Last year, most people went for two-year fixes, betting on rates dropping quickly. But now, with rates expected to stay higher for longer, five-year fixes are looking more tempting. What’s Going On With Mortgage Rates?…
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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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Families On The Rise – More First-Time Buyers Have Kids Than Ever Before
Forget the image of young couples just starting out – it turns out more first-time buyers are actually already parents. Yep, families are making a comeback on the property ladder. New research from Santander shows that 20% of first-time buyers in 2023 had at least one child – that’s double the number from just 14 years ago. Back…
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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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Cheaper Mortgage Rates on the Horizon as Inflation Tumbles
Halifax and Santander have announced cuts to their fixed-rate mortgage deals. This decision comes on the heels of the latest inflation data which has shown a decrease. These rate reductions, taking effect this week, align with growing expectations that the Bank of England might lower its key interest rate this summer, despite the fact that…
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New Rules Shake Up Holiday Home Market, Cause Potential Mortgage Troubles
A significant shake-up is on the horizon for the holiday let market due to new regulations proposed by Michael Gove, the Levelling Up Secretary. Set to empower local councils in England with new authority, these rules will allow them to designate specific areas where homeowners must obtain planning permission before converting their properties into holiday…
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This Week’s Best UK Mortgage Deals
This week, we’ve observed a slight easing in mortgage rates, which offers a little relief to homebuyers grappling with high costs. The average rate for a two-year fixed mortgage has dipped to 5.69% from 5.85%, while the five-year fixed rates have also reduced slightly to 5.24% from last week’s 5.39%, according to data from Uswitch.…