News & Insight

Our expert views and commentary on what’s happening in the world of mortgages and sometimes beyond, along with our regular summary of what the papers say.

First-time buyer numbers continue to rise

The number of first-time buyers getting onto the property ladder is on the up, helped by low mortgage rates which make owning a home more affordable. ...

May social media competition Terms and Conditions

The competition runs from 10am 04/05/2019 until midnight 31/05/2019. Entries received after this time will not be put forward for the draw. The prize draw is open to residents of the UK aged 18 or over, excluding employees or agencies of London & Country Mortgages, MoneySuperMarket or their respective group companies or families or anyone else connected to the Prize Draw. ...

House of Lords calls for stamp duty review

Steep stamp duty costs are encouraging homeowners to improve rather than move, potentially reducing the number of smaller homes available to first-time buyers, a House of Lords report warns. ...

5 reasons to remortgage

Not sure whether to remortgage? Here are five reasons why it could be a good idea for you to find a new mortgage deal: ...

What the papers said about 40-year terms and Buy-to-Let rates

The financial press took a look at the pros and cons of longer mortgage terms this weekend, following research produced by Santander that suggested almost half of buyers would consider taking a mortgage over a period of 40 years. ...

Interest-only borrowers urged to take action

More than a quarter of a million homeowners will reach the end of their interest-only mortgages in the next five years but could struggle to remortgage, according to new research. ...

L&C’s new ad airs this week!

We're excited to launch our latest TV advert, encouraging homeowners to check they’re on the best possible deal and celebrating the fact that L&C is now the UK’s number one online mortgage broker. ...

Overseas buyers to pay higher stamp duty

Non-UK residents buying homes in England and Northern Ireland could soon face steeper stamp duty costs, under proposals being considered by the government. ...

Nationwide launches later life mortgage options

The building society said that it had launched its later life mortgage range in response to growing demand for borrowing into retirement, brought about by demographic and social changes....

Are you stuck in the parent rent trap?

For the first time in nearly six decades, a child is at least as likely to be born into a rented home as a home owned by its parents, a report by insurer Royal London found. ...

25-year mortgages no longer the standard

Lenders are increasingly offering mortgages with terms of up to 40 years, helping homebuyers on tighter budgets to get onto the property ladder. ...

What the papers said about the right time to switch

The Times reported this weekend that around £22.3 billion worth of mortgage deals will come to an end in April, meaning that potentially thousands of homeowners could be about to move onto more expensive Standard Variable Rates (SVR). ...

House price growth remains sluggish in March

UK house prices edged higher in March, according to Nationwide, rising by a modest 0.2% during the month as ongoing Brexit uncertainty continues to take its toll. ...

City watchdog proposes help for mortgage prisoners

Thousands of “mortgage prisoners” who are trapped paying high mortgage rates may soon be able to move to better deals under proposals announced by the Financial Conduct Authority (FCA). ...

Interest rates kept on hold amidst Brexit uncertainty

The Bank of England voted unanimously to leave the base rate unchanged at 0.75% in March, with political and economic uncertainty making it impossible to know which way rates will move next. ...

Are you ready for April council tax increases?

Council tax bills are on their way up again from April, but if you’re worried about rising household bills, remortgaging could help reduce your outgoings. ...

New tax year changes for landlords

There are just a few weeks to go before the new 2019-20 tax year begins on 6th April, when landlords will see further reductions in the amount of tax relief they can claim. ...

My Front Door Twitter competition terms and conditions

The competition runs from 10am 01/03/2019 until midnight 31/03/2019. Entries received after this time will not be put forward for the draw. The prize draw is open to residents of the UK aged 18 or over, excluding employees or agencies of London & Country Mortgages, MoneySuperMarket or their respective group companies or families or anyone else connected to the Prize Draw....

Japanese knotweed could be under control by 2040

Japanese knotweed, the intrusive superweed which strikes fear into the hearts of homeowners, could be under control in 21 years thanks to tighter mortgage lending criteria. ...

Would you stay in a relationship to buy a property?

It might not be a very romantic question, but would you stay in a relationship to get a foot on the property ladder? Two salaries can make it much easier to qualify for better mortgage deals and help to meet lenders’ affordability tests. But is it worth it?...

Are banks really offering 100% mortgages?

100% mortgages have hit the headlines recently with the launch of Lloyds Bank’s new ‘Lend a Hand’ scheme, but can homebuyers really purchase a property with no deposit? ...

Planning for home improvements

Thinking about a new kitchen or adding an extension to your property in 2019? If so, you can’t start planning soon enough. ...

When will you be mortgage-free?

Millions of homeowners will be mortgage-free later than they expected, according to new L&C research, but there are plenty of things you can do to pay off what you owe sooner. ...

Landlords feel impact of tax relief reduction

Landlords racing to beat the self-assessment deadline on 31st January must for the first time factor in cuts to mortgage interest rate relief when completing their tax returns. ...

Regulator announces plans to help mortgage prisoners

Around 140,000 homeowners who are stuck paying high interest rate mortgages could soon find it easier to move to cheaper deals, under plans announced by the Financial Conduct Authority (FCA). ...

First-time buyer numbers jump

Growing numbers of first-time buyers are getting onto the property ladder, new figures show, helped by low mortgage rates and government schemes such as Help to Buy. ...

What will happen to house prices in 2019?

House prices rose at their slowest pace for nearly six years in December, according to Nationwide’s latest house price index, with ongoing Brexit uncertainty taking its toll. ...

What are your mortgage resolutions?

Your mortgage is likely to be your biggest monthly outgoing, so it’s a great place to start if you’re looking to cut costs. Here’s our rundown of some of the mortgage resolutions you might want to consider making. ...

New Year Lakeland voucher competition

1. The competition runs from 10am 10/01/2019 until midnight 11/02/2019. Entries received after this time will not be put forward for the draw. 2. The prize draw is open to residents of the UK aged 18 or over, excluding employees or agencies of London & Country Mortgages, MoneySuperMarket or their respective group companies or families or anyone else connected to the Prize Draw. 3. Contestants must Like and Share our competition post, like the L&C Facebook page and post a comment, or Like ...

First-time buyers look to parents for help

One in five (22%) first-time buyers is hoping their parents will cough up more than half the funds they need to get onto the property ladder, according to recent research. ...

New year, new house? Get ready with our top tips

Is moving house one of your New Year’s resolutions? If so, check out our list of do’s and don’ts to get your home ready for viewing and see if you can get the best possible price. ...

Christmas opening hours

Want to get in touch with us over Christmas? No problem, here’s when we’ll be available for you to give us a call: ...

New long-term fixes available for landlords

Landlords who are concerned about higher mortgage costs if interest rates rise have a wider range of fixed rate options to choose from following the launch of a new range of 10-year fixes. ...

Have you joined the smart meter revolution?

Smart meters are gradually being installed in homes across the UK, putting an end to estimated bills and allowing us to see exactly how much energy we’re using. ...

Beyond the Bank of Mum and Dad

Thousands of first-time buyers every year manage to get onto the property ladder with help from their parents, but not everyone is lucky enough to have financial support from family. ...

What can we learn from buying a house in Skyrim?

L&C recently ran a study to find out the real world value of video game properties. You might be surprised to find out that more people Google ‘How to buy a house in Skyrim’ than ‘How to buy a house in London, Paris, or even New York! So what could this mean in reality? We’ve put together a comparison so you can figure out whether you’d be hanging out in Hyrule or slumming it in Fallout 4’s Home Plate....

New ‘Help to Own’ scheme proposed

Landlords should be incentivised to sell to tenants at a discount under a new scheme proposed by conservative think-tank the Centre for Policy Studies. ...

What will the Budget mean for the property market?

The Chancellor Philip Hammond will unveil his Autumn Budget on October 29th, with many speculating that he could announce a range of measures affecting the property market. ...

Tenants could face rent increases

Tenants living in shared houses could face steeper rents following the introduction of new legislation which requires their landlords to hold a license. ...

What does the future hold for Help to Buy?

Lenders are urging the government to clarify the future of the Help to Buy scheme, warning that major changes could risk “significant market disruption.” ...

Is your self-employed paperwork up to date?

The number of self-employed people in the UK continues to grow, but getting a mortgage if you work for yourself isn’t always straightforward. ...

House price growth steady in September

Halifax’s latest house price index showed that the quarterly rate of growth held steady in September, although the month-on-month change revealed a drop. ...

New Help to Buy mortgages launched

Growing numbers of lenders are launching Help to Buy mortgages, increasing the options available to buyers of new build properties. ...

What does rising inflation mean for your mortgage?

When inflation rises or falls, it can have a significant impact on mortgage rates because the Bank of England uses the rate of inflation to help it decide whether the base rate should go up or down. Here’s what you need to know. ...

How old is your heart?

To help people identify whether they could be at risk, Public Health England is urging adults to take a free online test to find out their ‘heart age’. ...

Patisserie Valerie competition

1. The competition runs from 8am 28/09/2018 until midnight 31/10/2018. Entries received after this time will not be put forward for the draw. ...

New rules for HMO landlords

Tens of thousands of landlords may have to apply for a licence to rent out their property as a ‘house in multiple occupation’ (HMO) once new government rules are introduced on October 1. ...

Get set for Gas Safety Week

This year’s Gas Safety Week, which runs from September 17-23, aims to raise awareness of the dangers of poorly maintained gas appliances, which can cause fires, explosions, gas leaks and carbon monoxide poisoning. ...

Borrowers fix for longer

Longer term 5 and 10-year fixed rate mortgages are becoming increasingly popular, as borrowers seek to protect themselves from further interest rate rises. ...

Mortgage lending up in July

Gross mortgage lending reached £24.6bn in July, according to latest figures from trade body UK Finance, its highest level since March 2016. ...

House prices see biggest monthly fall since 2012

UK house prices fell at their sharpest rate for six years in August, according to Nationwide’s latest monthly House Price Index, bringing the average cost of a home to £214,745....

Switch on to the benefits of LED lighting

Households will have to start switching to LED lightbulbs from next month, when a ban on the production of halogen bulbs comes into effect across Europe. ...

SVR Watch - August 2018

The Bank of England has increased base rate by 0.25% to 0.75%. Here’s our rundown of how lenders are reacting to the rise, so you can see whether yours has increased its Standard Variable Rate. ...

Thousands search for mortgages online

Over 16,000 homebuyers have made mortgage applications using L&C’s online Mortgage Finder service since June last year, borrowing more than £3bn. ...

First-time buyers in the dark about stamp duty changes

Despite changes to stamp duty designed to help those struggling to get onto the property ladder, more than 2m first-time buyers aren’t sure whether they will benefit from the new rules. ...

House prices pick up in July

House prices picked up last month, according to Nationwide’s latest house price index, with annual growth up from 2% in June to 2.5% in July. ...

Growing popularity of holiday lets

Short-term holiday lets are becoming increasingly popular as a way for landlords to generate an income, but it’s important to weigh up the pros and cons carefully first. ...

What the papers said about rising rates

As expected, the weekend’s financial news focused primarily on last week’s decision by the Bank of England to increase the base rate for only the second time in a decade. ...

Bank of England raises interest rates

The Bank of England has raised the base rate to 0.75%, meaning higher monthly mortgage costs for millions of homeowners on variable rate deals. ...

Securing a fixed rate to protect against rising interest rates

Fixed mortgage rates remain at historic lows, with five-year rates available below 2% in May 2018. You don’t have to fix your rate for five years though to benefit from a low rate. Deals usually range from two years up to 10 years or longer, so you can pick a term to suit your needs. ...

Refer a friend Competition Winners

We are delighted to announce the winners of our latest ‘refer a friend’ competition. From thousands of entries Natalie, and the person who referred her, were randomly selected, winning their mortgages paid for six months by L & C Mortgages. ...

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