Homeowners and buyers’ obsession with the lowest possible mortgage interest rates is leaving them susceptible to thousands of pounds in unexpected costs. Most borrowers are focusing on enticing rates and overlooking fees and early repayment charges when selecting a mortgage,…
Britain’s biggest building society, Nationwide, is relaunching into the 5% deposit mortgage market, in a boost to first-time buyers and other borrowers with small deposits. Mortgage deals for borrowers with 5% deposits largely vanished from the market last year, as…
The number of homes being put on the market is failing to meet demand from buyers, resulting in rising property prices, a report has found. The frequency of “for sale” signs slowed in April, according to the Royal Institution of…
This is according to Moneyfacts.co.uk, which has revealed how a barrage of new mortgage options for borrowers with 5% deposits has given people a much greater range of choice over the last month. In fact, there were now 112 mortgages…
A major bank handed out more mortgages in March than in any other month in its 40-year history of offering home loans, it revealed today. In a sign of the recent boom in housing market activity, HSBC UK said March…
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…