BORROWERS BREATHE SIGH OF RELIEF AS FIXED MORTGAGE RATES FALL AND CHOICE HITS 15-MONTH HIGH - YOUR MORTGAGE Average mortgage rates fell in May as product choice reached a 15-month high, indicating a return to a steady market, data from a financial information company has revealed. The Moneyfacts UK [...]
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 [...]
BASE RATE INCREASE: WHAT DOES IT MEAN FOR YOUR MORTGAGE AND SAVINGS? - WHICH? The Bank of England has increased the base rate for the 12th time in a row, taking the figure to 4.5%. Members of the Bank's Monetary Policy Committee (MPC) voted for a 0.25 percentage point [...]
WHAT ARE THE CURRENT UK MORTGAGE RATES? - RIGHTMOVE If you’re thinking about buying a home, you might be wondering what the current mortgage rates are in the UK. Lenders change the rates of their mortgage products regularly. That’s why we update the average mortgage rates weekly and compare [...]
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 [...]
