Some mortgage lenders have hiked rates by as much as 0.5 percentage points in the last week, meaning interest costs are now above pre-pandemic levels for the vast majority of borrowers. In the last seven days, a raft of banks and building societies have upped their rates including Santander which increased them by up to 0.5 … Read more
The frantic pandemic property market will ease and return to ‘closer to normal’ but house prices are still expected to rise 5 per cent in 2022, Rightmove said today. The typical property asking price dipped in December, down 0.7 per cent, or £2,234, according to the property listings portal giant. The typical home coming fresh … Read more
The ups and downs of the pandemic have left many people craving certainty – and new figures show that that desire extends to their mortgages, too. Four in five said they would be willing to take a fixed rate lasting more than five years, in exchange for the peace of mind that their monthly payments … Read more
The price of a home rocketed by £25,000 in the year to August as the pandemic property boom carried on despite the stamp duty holiday tapering out, official figures have shown. House prices grew 10.6 per cent in the 12 month period, up from the 8.5 per cent growth seen in July, according to the … Read more
Homeowners could be forced to spend thousands making properties eco-friendly in order to remortgage or sell under Government’s new green plans Government plans will encourage mortgage lenders to favour greener homes This means those in older properties could struggle to sell or remortgage Making a home more eco-friendly can cost thousands By Helen Crane For … Read more
A new mortgage from Yorkshire Building Society offers home buyers a market-leading interest rate of just 0.78 per cent, as the cost of borrowing to buy a home continues to hit record lows. The two-year fixed deal, which is also available to those remortgaging, is a tracker – which means that borrowers would pay the … Read more
Budding home buyers and movers could soon buy a new-build home with a deposit of just 5 per cent – without the need for government help. As the popular Help to Buy scheme draws closer to its end in 2023, a new initiative called Deposit Unlock is launching with the aim of helping buyers who … Read more
A new app says it will make it easier for people to make regular overpayments on their mortgage, potentially saving them thousands in interest and making them mortgage-free faster. Sprive was founded by former Goldman Sachs banker Jinesh Vohra, who was inspired by the struggles he had when trying to overpay on his own mortgage. … Read more
Should you fix your mortgage for two, five or even TEN years? Homeowners nearing the end of their deals urged to lock in as inflation may bump up rates BoE boss Bailey has warned that higher inflation may mean rates need to rise Banks have plenty of cash to lend but rate expectations may bump … Read more
Halifax has launched the latest offensive in the mortgage price war, and is now offering a home loan with a record ultra-low rate of 0.9 per cent. The bank, which is part of the UK’s largest mortgage lender Lloyds Banking Group, has also brought out several other deals aimed at home movers with plenty of … Read more