An additional 200,000 Universal Credit claimants will be able to access quicker support with their mortgage from today Previously, claimants would need to have been unemployed for nine months before they could access a Support for Mortgage Interest loan, which…
Lenders are slashing mortgage rates despite the Bank of England raising the Bank Rate last week. Virgin Money has today launched a five-year fixed remortgage deal at 3.95 per cent, undercutting HSBC which brought out a 3.99 per cent deal…
Soaring house prices during the pandemic combined with surging mortgage rates and slower relative growth of incomes have created greater barriers for first-time buyers. This is according to a report published today by Nationwide Building Society, which has laid out…
The narrative surrounding UK housing has been negative since the mini-Budget in September 2022. A sudden rise in the cost of fixed rate mortgages to above 6 per cent reversed a trend to ever surging residential prices. Upholding their reputation as…
A drop in your asking price is likely not an actual loss compared with what you paid for it, only a failure to live up to aspirations Tim Bannister, Rightmove ‘However, while average asking prices did rise in January, they…
Major mortgage lenders Nationwide and Halifax have reduced their rates, as the average cost of a fixed rate mortgage continues to fall from the highs seen last year. Nationwide has reduced interest rates across its mortgage range by up to…
More than 1.4 million households in the UK are facing the prospect of interest rate rises when they renew their fixed rate mortgages in 2023, according to a new report from the ONS. The majority of fixed rate mortgages in…
The past few weeks have been a tumultuous time for anyone in the position of needing a new mortgage, with rates rising almost daily. On 22 September, the day before the then-Chancellor Kwasi Kwarteng’s ill-fated mini-budget, the best rate for…
Confused about your mortgage options? Wondering when this period of ever-increasing interest rates will end? You are not alone. Here’s the latest advice and guidance to help you find some answers The mortgage furore which hit the headlines last week…
Mortgage rates are set to increase further after the Bank of England (BoE) made its seventh interest rate hike in a row. The central bank announced today it had raised the base rate by another 0.5% to 2.25% in a…