Tag: Vernon Building Society
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As Mortgage Rate Rises Return, What Are The Best Deals This Week?
The average UK property is now worth £293,000 – that’s a hefty 1.5% jump in just one month (up to August) and 2.8% higher than a year ago, says the UK House Price Index. This property price rise is probably linked to the fact that mortgage rates have been falling recently, encouraging more people to…
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House Prices Rise as Mortgage Rates Fall – What are the Best Deals This Week?
Halifax’s latest House Price Index revealed that house prices have seen their biggest jump since November 2022. In the year leading up to September, prices shot up by 4.7%, meaning the average UK home will now set you back a cool £293,399. Don’t panic! Amanda Bryden, the brains behind mortgages at Halifax, wants you to…
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Family Help Mortgages Could Be Key for First-Time Buyers – What’s Available?
Good news for those struggling to buy their first home! While it’s still tough to save enough, mortgage options for first-time buyers are improving. Katie Brain, from financial experts Defaqto, explains: “We’ve seen a huge increase in first-time buyers relying on help from family members to get a mortgage.” In fact, 57% of first-time buyers…
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Vernon Building Society Lowers Mortgage Rates and Launches New Deal!
Vernon Building Society has just announced some rate cuts and a brand new mortgage deal. Vernon Building Society has slashed rates across several of its top mortgage deals by up to 0.3%, offering some much-needed relief for borrowers feeling the pinch. Here’s what you need to know: Brendan Crowshaw, head of mortgage and savings distribution…
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Mortgage Rates Take a Tumble – Best Deals This Week
Despite rising house prices, mortgage rates are falling, offering hope for those looking to step onto the property ladder. The Halifax House Price Index reported a 0.8% surge in house prices in July, pushing the average UK house price to £291,268. That’s a hefty 2.3% increase compared to last year, marking the most significant jump…
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This Week’s Best Mortgage Rates – 18th July 2024
Mortgage rates are falling, which means cheaper deals for homebuyers and those looking to remortgage. Here’s what you need to know this week. There’s good news for anyone looking to buy a house or remortgage, as some of the UK’s biggest lenders have been slashing their rates. Over the past week, Halifax, TSB and Barclays…
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Experts Predict Mortgage Rate Squeeze – What are the Best Deals This Week?
Good news and bad news for those looking to get on the property ladder as house prices have risen for the second month in a row. The average price of a UK home rose by 1.1% in April, following a 0.9% increase in March, according to the latest figures from the Office for National Statistics…
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Fewer High-LTV Mortgages Available
The UK mortgage market has seen some changes, particularly for those looking to borrow with a smaller deposit. According to recent data from Moneyfacts, a leading financial product analyst, several high-loan-to-value (LTV) mortgage options have been pulled from the market in the last week of May. However, despite these withdrawals, the variety of available mortgage…