Mortgage rates are going back UP – but where will they end up? February 23, 2024 A number of mortgage lenders are raising their costs again in a move which will “bring further tears to the eyes of the general public”.
Scottish affordable house builder Springfield Properties latest to feel the pain of property slowdown February 20, 2024 A Scottish house building company is one of the latest to be financially bruised by last year’s slowdown in property sales.
Two-year mortgage rates have biggest monthly drop since 2022 as Santander is latest to cut February 12, 2024 Average two-year fixed mortgage rates have seen their biggest monthly drop since December 2022, according to a financial information website, despite mounting economic pressure squeezing lenders' margins.
Mortgage arrears rose by a quarter in a year as higher interest rates bite February 8, 2024 According to the latest UK Finance figures, homeowner mortgages in arrears increased seven per cent on the previous quarter.
‘Barratt Redrow’ merger to highlight investors’ skewed opinions on UK housing market February 7, 2024 Shares in major FTSE 100 and 250 housebuilders suffered a mixed day so far on the London market, as Barratt Developments' surprise £2.5bn megamerger with Redrow highlighted investors' skewed opinions on the state of UK housing.
Remortgaging rates tick up as lenders bet on ‘captive audience of existing customers’ February 7, 2024 Mortgage lenders are increasingly raising rates on their home loan products amid uncertainty over the UK economy.
Changes to UK mortgage market cushions blow to borrowers from interest rate hikes February 7, 2024 Stressing is likely to have supported the "resilience of individual borrowers and the overall market," they noted.
Mortgage approvals hit six month high in fresh boost for house buyers January 30, 2024 Mortgage approvals rose again last month and climbed to the highest level in six months, in the latest signal that lower borrowing costs are helping aid recovery in the property market. New figures from the Bank of England show the number of buyers receiving a green light grew from 49,300 in November to 50,500 in [...]
Mortgage rates war: As sub-four deals appear on the market, how low will they go? January 27, 2024 Britain's mortgage price war has shown signs of slowing as macroeconomic uncertainty casts doubt on the outlook for interest rate cuts and a wider rebound.
Sunak considering one per cent deposit mortgage scheme in bid to win over young voters: report January 21, 2024 The Treasury is reportedly looking at introducing a scheme guaranteeing mortgages for first-time buyers with deposits of just one per cent.