Tag: The Mortgage Lender
-
The Mortgage Lender’s BTL Rate Cut
The Mortgage Lender has slashed rates on its buy-to-let mortgages. The Mortgage Lender is offering reductions of up to 0.2% (that’s 20 basis points) on some of its fixed-rate mortgages. Here’s a breakdown: Two-Year Fixed Rates: Five-Year Fixed Rates: Why Now? Steve Griffiths, Chief Commercial Officer at The Mortgage Lender, stated that these changes are…
-
Principality and TML Slash Rates – Here’s What You Need to Know
There’s good news for home buyers and those looking to remortgage, with two lenders announcing cuts to their mortgage rates. Principality Building Society is cutting rates on some of its mortgages by up to a hefty 0.48 percentage points. That’s a significant saving, particularly for those with large mortgages. The Mortgage Lender (TML) has also…
-
Landlord Mortgage Rates Reduced by TML
The Mortgage Lender (TML) has announced a cut to its buy-to-let mortgage rates, making it cheaper to either remortgage an existing property or purchase a new one. TML has reduced rates on a range of its mortgages, with some deals seeing a 0.1% reduction. Here are some examples: Fee-Saver Deals Make A Comeback In addition…
-
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…
-
UK Housing Market Springs Back – Prices and Rents on the Rise!
The recent data released by the Office for National Statistics (ONS) has shed light on the state of the UK housing market, revealing some significant trends in house prices and rental costs. After a period of decline, the UK housing market has shown signs of recovery with an average increase of 1.8% in house prices…
-
London’s Housing Market Bounces Back
London’s housing market has emerged as the front-runner in property price increases across the south of England. This shift marks a dramatic change from the pandemic-induced “race for space” that saw city dwellers fleeing for more room in the suburbs and countryside. Recent data from the mortgage lender Nationwide highlights a robust recovery in London’s…
-
Big Decisions Ahead for UK Landlords as Mortgage Renewal Looms
According to The Mortgage Lender (TML), nearly half of the UK’s landlords who have a mortgage are on the verge of a crucial financial crossroads. 40% of these landlords are expected to renew their mortgage agreements within the next 12 months. This situation potentially affects thousands of tenants and property owners across the country. Chris…
-
Student Digs Top the List for Property Investors
A new report has shone a light on the UK’s commercial property market, highlighting student housing as the next opportunity for landlords and investors. The mortgage lender Together released a report, “Opportunities and Outlook; the future of commercial property,” unpacking the trends and treasures of real estate investment. Student Housing The Investors’ Darling According to…
-
UK Mortgage Troubles Escalate to a Six-Year High
The proportion of mortgages falling into arrears reaching its highest point in six years. According to the Bank of England’s latest report, the proportion of mortgage balances in arrears has increased alarmingly. In the third quarter of this year, this figure rose from 1.02% to 1.14%. This is the highest level witnessed since the second…
-
The Shrinking Pool: Recent Decline in First-Time Buyers
The property landscape in the UK is being revised with considerable changes. Between January to August, a 22% decrease was noted in first-time home buyers, compared to the same time frame last year. This piece of concerning information is courtesy of the mortgage lender, Halifax. The same source points out that first-time buyers accounted for…