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Mortgage
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 ,…