Mortgage

New Dutch-style lenders are releasing fixed-rate mortgages with rates that automatically decrease as the borrowers pay them back. April Mortgages was authorised by Financial Conduct Authority (FCA) in October and plans to offer new loans…

Mortgages requiring a 1pc down payment can increase risks for banks, and distort financial incentives for homeowners. The government is looking into plans to introduce a mortgage of 99 percent for first-time home buyers. Jeremy Hunt…

Persimmon exceeded expectations for new home construction last year. Falling mortgage rates helped boost property sales by the end of the calendar year. However, the company warned that the housing market will be "highly insecure" in 2024.…

Barclays, Santander and HSBC have all announced reductions in their mortgage rates. This is a further step towards lower UK home loan rates following the HSBC and Halifax rate cuts last week. Santander announced a deal with rates below…

Mortgage costs will rise by £19bn as millions of fixed-rate mortgages expire. Borrowers are also forced to renegotiate home loans following the most severe round of interest rate hikes in decades. Goldman Sachs economists say that…

HSBC is the latest major UK lender to cut mortgage rates across the board. Leading names have announced reductions up to 1 percentage point. Banks announced new mortgage deals on Wednesday, including a five-year fixed rate of 3.94% for…

This year, hundreds of large US office buildings will be unable to refinance their debts due to the current interest rate. According to the Mortgage Bankers Association, there are $117bn in commercial loans that are tied to offices and…

Muddy Waters, a hedge fund, is warning that Blackstone's New York-listed Mortgage Trust could run out of cash. Carson Block, , chief executive officer of Muddy Waters, revealed on Wednesday the company had started shorting its stock. He…

New figures show that mortgage holders are the most affected by the cost of living crisis. Homeowners are the most affected by the cost-of-living crisis, as mortgage interest rates have risen by 56% over the last year, according to the…

Metro Bank will soon sell a significant portion of its mortgage portfolio to Barclays, after shareholders approved a £925m bailout deal. The troubled lender has been in discussions with potential buyers to offload about £3bn of homeowner…

As high interest rates squeeze finances, many British mortgage holders miss payments and have their debit cards refused. The number of mortgages that are in arrears on the UK residential portfolios of Pepper Advantage Technologies Ltd., a…

In an effort to lower their interest rates, landlords are settling mortgage debt worth millions of pounds. New analysis shows that buy-to-let landlords have been paying down their mortgages for the past nine-months in an effort to…

Data shows that landlords pay an additional £5.5bn per year to their banks due to a rise in mortgage rates. Hamptons analysis shows that buy-to-let landlords are collectively paying £15bn in mortgage interest per year, which is a…

After almost two years of increasing borrowing costs, the Bank of England is expected to lower UK mortgage rates further. Since the middle of the summer, mortgage prices are declining as the markets react to better-than-expected …

Rents in Britain are at their highest level ever as interest rates rise, driving away potential buyers. According to Hamptons, the average monthly rental cost is 12 percent higher than it was at this time last. It has risen by £140, to…

After a review revealed widespread problems with the way these products were sold, the UK's top financial regulatory body has ordered lenders to change or withdraw more than 400 misleading promotional materials. According to official…

On Tuesday, high street lenders announced that they had further reduced UK mortgage rates. However, the average price remains above what it was immediately after last year's disastrous mini-budget. The Bank of England Governor Andrew…

Official data shows that UK mortgage approvals declined more than expected in the month of July, while consumers reduced borrowing. The Bank of England announced on Wednesday that net mortgage approvals fell almost 10% from 54,600 to…