First-time buyers are more likely to be rejected for a mortgage than they were before the pandemic, a new study has found. Only one in five first-time buyers were able to get a mortgage on their first attempt, according to…
Homeowners could pay interest of less than 1 per cent if they remortgage, after a new home loan was launched by one of the UK’s leading lenders. TSB is now offering a two-year fixed rate of 0.99 per cent to…
The average house price in Northern Ireland has gone up by nearly 7% over the last year to £189,853 — the highest since 2008, according to a report today. The Ulster University quarterly house price index report said the market…
The outlook for the private rental market is “unusually uncertain” after nearly two decades of growth, according to a new report. It suggests the future is clouded by “economic uncertainty” and housing preferences shifting during lockdown. Nationwide’s chief economist said:…
UK homeowners borrowed a record £11.8bn more on mortgages than they repaid in March, according to figures from the Bank of England. This net borrowing level was the highest of any month since comparable data began in 1993. The market…
Since my last article we have now seen the return of mortgages for buyers with a 5% deposit. A number of these deals area available through the new government Mortgage Guarantee Scheme, which was launched to bring back options for buyers with…
The new deals for borrowers with a 5% mortgage are available from the major high street banks and are being hailed as a vital aid in helping more young people get onto the property ladder. But new analysis of the deals which…
Britain’s second-largest mortgage provider is increasing the amount it will lend to first-time buyers based on their salary. Nationwide will allow people looking to get on the housing ladder to borrow 5.5 times their annual income, more than the 4.5…
A mortgage price war could be in the offing as banks flood the market with fresh deals. Hinckley & Rugby Building Society will launched a two-year discount variable mortgage at 0.99 per cent on Friday, the first sub-1 per cent…
Borrowers applying for a raft of new 95 per cent mortgages will need ‘squeaky clean’ credit histories, brokers warn. Dozens of home loans, partially backed by the Treasury, are now available to buyers with a 5 per cent deposit. Aaron…