This winter, homeowners across the United Kingdom are poised to benefit from a dramatic shift in the mortgage market, as lenders engage in fierce competition to draw in borrowers. Industry
Mortgage
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First-time buyers, self-employed workers and older borrowers are expected to find it easier to access the property market as the Financial Conduct Authority outlines a significant overhaul of mortgage rules.
Rising interest rates are reshaping the landscape for prospective homebuyers in the United Kingdom. Over the past twelve months, the Bank of England has steadily increased its base rate in
Homeowners are taking on the largest share of high loan to value mortgages since 2008 as first time buyers push their finances to secure a place on the property ladder.
Mortgage rates in the UK have fallen to their lowest point since before the September 2022 mini budget, as lenders seek to attract customers ahead of widely anticipated interest rate
Mortgage lending at Nationwide has declined following a surge of homebuyers finalising purchases before the April stamp duty deadline. Despite a decrease in lending, the building society’s income climbed due
Lenders have made notable reductions to mortgage rates as the property market prepares for potential tax reforms in the forthcoming Budget. Barclays has decreased its five year fixed mortgage rate
HSBC has made headlines by announcing it will now lend homebuyers up to 6.5 times their annual income, marking one of the most generous mortgage deals currently available on the
House prices in the United Kingdom climbed more than expected during October, offering fresh evidence of resilient demand against a backdrop of economic and political uncertainty. Nationwide’s latest house price
House price growth across the UK decelerated in October, as buyers adopted a cautious approach ahead of the upcoming budget and potential new property taxes. According to Nationwide, the average
Offset mortgages, once a staple of the UK lending market, are rapidly vanishing as major lenders withdraw these products from sale. Last Friday, Clydesdale Bank—part of Virgin Money—removed all offset
The pace of house price growth in the UK has decelerated to its lowest level in eighteen months, as speculation around potential stamp duty reforms and looming tax changes in
House prices across the UK rose more strongly than anticipated last month in spite of growing unease among buyers ahead of the upcoming Budget. The latest Nationwide house price index
A “crisis of opportunity” is gripping the younger generation, as fresh research underscores the stark reality that almost none of the UK’s adults living with their parents can afford to
Data from Barclays has revealed a significant shift in the behaviour of first-time buyers across the UK. Increasingly, individuals entering the property market are bypassing traditional starter flats and opting
Two of the UK’s banking giants are facing group legal actions over controversial shared appreciation mortgages that have left some borrowers owing up to twenty times more than they originally
