Many borrowers could find a mortgage unaided, but they pay us to find them the right mortgage. Most lenders will take you on. What is hard is getting the most suitable mortgage. This takes time and effort. You use a mortgage broker as he or she has already invested heavily in being able to source […]
With a year-on-year increase of 1.9% in 2018, data from UK Finance showed that first-time buyer mortgage completions hit their highest level since 2006, There were 30,900 new first-time buyer mortgages completed in December 2018, some 1.6% more than in the same month a year earlier. The £5.2bn of new lending in the month was […]
It has been officially announced by the mayor of London, Sadiq Khan, that his office is developing a blueprint for rent controls in the capital, citing Berlin and New York City as major cities where rent controls are successful. Khan says: “The arguments for rent control are overwhelming, and Londoners overwhelmingly want it to happen. […]
With rates starting at just 2.45% with £1,000 cashback bonus on completion, no product fee and a free standard property valuation, Santander Mortgages has launched three residential mortgages. These new deals all have a minimum loan size of £75,000. There’s a 2.45% rate at 85% LTV, 2.65% at 90% LTV and 3.60% at 95%. “With […]
If they don’t act as deals come to an end, borrowers who fixed mortgages two years ago could see rates more than double. That means that borrowers with a £200,000 mortgage over 25 years on a repayment-only basis could see repayments increasing by £279 a month – or £3,352.08 a year on average. This is […]
July 2018 was the strongest in homeowner remortgages in a decade. However, figures from the Bank of England released yesterday, however, show that remortgaging as a proportion of new lending fell by 2.0 per cent on a quarterly basis. With regard to first-time buyer activity, annual growth was up by 1 per cent, with 31,400 […]
Historical interest rates Historical antecedents Interest rates were very stable in the UK during the 18th century, staying put at between 4 and 5 per cent. Moving into the 19th century, there was more volatility, with interest rates shifting between 4 and 10 per cent. The first half of the 20th century was a similar […]
According to the latest data by Experian, there has been a sharp increase in the number of consumers looking at tracker rate mortgages.. Experian’s credit search barometer shows almost half (46.8 per cent) of mortgage searches in MAY were for details of tracker rates and deals, according to their credit search barometer. This is significant […]
According to data from Moneyfacts, mortgage costs have hardly moved in the month since the Bank of England raised its base rate, and interest costs are almost exactly where they were 12 months ago, For the first time in more than a decade, in November from Mark Carney and his colleagues at the Bank hiked […]
According to analysis from Habito. if you remortgage today to a fixed rate product before December their monthly mortgage payment could effectively make Christmas day free for borrowers on a Standard Variable Rate (SVR), they have estimated that Christmas costs an average of £812 per family, and the average customer who carries out a remortgage […]
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