Mortgage

Official figures show that UK mortgage approvals reached their highest level in 18 months in the month of March. This suggests that the property market continues to recover, despite recent increases in quoted rates. The Bank of England…

In response to the "uncertainty" in the market, at least five major lenders raised their rates on fixed mortgages on Tuesday. This increased pressure on those who are looking to buy a home or remortgage. Barclays, HSBC (part of Yorkshire…

The International Monetary Fund has warned that risky lending by shadow banks could trigger a new crisis. The Washington-based organization said that the "opaque private credit" of $2.1 trillion, which has boomed over recent years amid…

The banks have raised the alarm about a "rapid increase" in people borrowing mortgages for more than 35 years. Nearly one-fourth of first-time homebuyers are now borrowing to retirement. New figures from UK Finance reveal that 23 percent…

Jeremy Hunt has cancelled plans for a scheme which would have allowed first-time home buyers to enter the housing market with a 1pc down payment, only days after it was revealed that the Treasury had considered the move. Treasury…

Skipton Building Society said that a pioneering mortgage product, which does not require borrowers to make a deposit, attracted applications totalling £62 million during its first nine-month period. Stuart Haire, 49 years old, a former…

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…