UK MORTGAGE LENDER TO OFFER FIRST 100% LOANS SINCE 2008 CRISIS - THE GUARDIAN Skipton building society aims product at renters who cannot save enough for a deposit. A leading lender plans to launch a 100% mortgage aimed at would-be first-time buyers who cannot save for a deposit, the [...]
WILL INTEREST RATES RISE, AND WHAT COULD THIS MEAN FOR MORTGAGES? - RIGHTMOVE If you’re thinking of buying a home, or you’re coming to the end of your current mortgage deal, you might be wondering what’s going to happen to mortgage rates over the coming months. The Bank of England [...]
WHAT ARE THE MAIN ADVANTAGES OF MAKING MORTGAGE OVERPAYMENTS? - ZOOPLA To combat rising mortgage rates, homeowners have begun making record numbers of overpayments in a bid to reduce how much they owe. Key takeaways Homeowners have overpaid their mortgages by a record £6.7 billion The jump is likely [...]
MORTGAGE PRODUCT AVAILABILITY ROCKETS - YOUR MORTGAGE There's more choice for borrowers but rates have crept up in the last month. Residential mortgage availability has soared, said Moneyfacts, breaking through the 5,000 product barrier for the first time since May 2022. The financial information provider said that product choice [...]
40-YEAR MORTGAGES ON THE RISE: WHAT ARE THE RISKS? Choosing a longer mortgage term could cost thousands more. The number of borrowers taking out mortgages lasting 35 years or longer has rocketed in the past 12 months, with uptake more than doubling, according to UK Finance. The surge in [...]
7 WAYS TO BOOST YOUR CHANCES OF MORTGAGE APPROVAL - FROM A MONEY EXPERT - IDEAL HOME Don’t miss out on buying your dream home, read our guide for tips on ensuring a yes from your mortgage lender. Homebuyer demand may have fallen compared to the frenzied activity we’ve [...]
7 STEPS TO GETTING A MORTGAGE - RIGHTMOVE If you’re looking to buy your first home, chances are finding out how to get a mortgage is pretty high on your to-do list. As a mortgage is a big financial commitment, it’s important to carefully consider your options, to make [...]
INFLATION STUBBORNLY HIGH BUT MORTGAGE RATES EDGE LOWER - ZOOPLA Mortgage deals now available at sub 4% rates - and inflation still expected to fall quickly in the second half of this year. Key takeaways Inflation remains stubbornly high suggesting the Bank of England will increase interest rates further [...]
BUYING A HOME? HERE'S HOW TO PROTECT YOUR MORTGAGE - WHAT MORTGAGE? Preparing your finances for buying a home starts with getting to grips with your budget – but there’s another important step to factor in which may not be so obvious. Darren Polson explains why protection for your [...]
WHAT TO DO IF YOU NEED TO REMORTGAGE - WHICH? Homeowners face heftier mortgage costs as rates remain high. High mortgage rates are proving a shock to hundreds of thousands of homeowners looking to remortgage in 2023. In the first three months of this year, 353,000 fixed-rate mortgages came [...]
