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Mortgage
Barclays and Metro Bank are in discussions to sell a £3bn book of mortgages
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…
Britons Rejected for Debit Cards after Missing Mortgage Payments
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…
Landlords pay millions of dollars in mortgage debts to reduce interest costs
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…
As mortgage rates rise, landlords are paying an additional £5.5bn per year.
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…
UK mortgage rates to drop after Bank of England’s knife-edge vote
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 …
Hamptons rents are soaring as high interest rates keep buyers away
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…
UK regulator cracks down on misleading lifetime mortgage promotions
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…
Mortgage lenders in the UK are reducing rates further
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…
UK mortgage approvals drop more than expected amid high borrowing cost
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…
Mortgage rate reductions are a bet by UK lenders on the fall in inflation.
This week, more than a dozen UK building societies and banks are expected to lower rates on fixed-rate mortgages. The move reflects market expectations of a falling inflation rate.
Brokers do not expect dramatic price reductions, as the…
Four major UK lenders lower mortgage rates
As competition intensifies in the market for home loans, four large UK lenders have cut mortgage rates twice in the last three weeks. This is due to better-than-expected inflation data.
Nationwide, second largest mortgage lender, reduced…
Three major UK lenders reduce mortgage rates as inflation outlook improves
This week, three large UK lenders have announced that they will cut the cost of home loans as mortgage rates continue to fall due to an improving outlook for inflation.
Last week, Nationwide, Barclays TSB, HSBC and Barclays cut ,…