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.

Review your mortgage options now!

Thousands of fixed rate mortgages are due to mature in the second half of 2021, so now’s the perfect time to start looking for a new deal. ...

Mortgage rates fall to historic lows

Rock bottom mortgage rates mean that borrowers can now choose from a wide range of two-year fixed rate mortgages at less than 1%, or five-year fixed rate mortgages at just over 1%. ...

Home movers overtake first time buyers

Nearly half of all mortgage lending made in the first three months of this year went to home movers , according to the Financial Conduct Authority (FCA), the highest share since records began. ...

Holiday let market booms as rules are relaxed

As uncertainty over foreign travel continues, demand for UK holiday lets is soaring. If you’re planning to rent out a property, make sure you don’t fall foul of mortgage rules. ...

Government begins roll out of First Homes scheme

The Government has begun the roll out of its new ‘First Homes’ scheme, designed to give first time buyers a leg up onto the property ladder by providing discounts on new homes. ...

Cancer Survivors Day: assessing the true impact of cancer

Cancer Survivors Day, which takes place this year on 6th June, aims to raise awareness of the impact cancer can have on people’s lives, and to recognise and celebrate those who have battled this awful disease....

Protecting our children – National Children’s Day

This year’s National Children’s Day, which takes place on 16th May, aims to emphasise the importance not only of looking after children’s health and wellbeing, but also protecting their rights and freedoms....

Rise in new homes receiving top energy efficiency grades

More than four out of every five new homes completed in England and Wales in the final quarter of last year achieved one of the top highest energy efficiency ratings, according to latest Government data. ...

Spotlight on World Parkinson's Day

World Parkinson’s Day takes place on 11th April, and aims to raise awareness of the condition as well as funds to help improve the lives of those affected. ...

Borrowers urged to explore remortgage options

Homeowners considering moving onto their lender’s standard variable rate (SVR) when their current mortgage deal ends are being urged to explore more affordable options. ...

Unanimous vote to hold base rate at 0.1%

The Bank of England’s Monetary Policy Committee voted unanimously in March to leave the base rate unchanged at 0.1%, amid hopes that the UK’s economic recovery may be faster than expected. ...

Pros and cons of long-term fixed rates

If you’re considering locking your rate down for many years to come, make sure you weigh up the pros and cons of a deal first. ...

Stamp duty holiday extension

The stamp duty holiday has been extended until the end of June, benefiting thousands of homeowners who were at risk of missing the original deadline of 31st March. ...

Base rate held but negative rates possible

The Bank of England’s Monetary Policy Committee (MPC) voted unanimously to leave the base rate unchanged at 0.1% in February but didn’t rule out rates falling below zero in future. ...

Your seven-step moving home checklist

There’s no escaping the fact that moving house can be stressful, but a bit of careful planning will help make the process less painful. ...

Mental health in the spotlight

Regularly checking in on friends and family is more important than ever during these difficult times, and ‘Time to Talk’ Day is taking place on 4th February with the aim of getting the nation talking. ...

Divorce and mortgages

On January the 4th, the first working day after Christmas, #DivorceDay was trending on Twitter. January is unofficially known as ‘divorce month’ as it’s widely believed to be the busiest month for enquires about divorce received by solicitors....

We are hiring!

As we continue to grow here at L&C we're looking for talented people to join our teams in Newcastle and Bath. Find out more on our Careers page....

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. ...

New Help to Buy scheme for 2021-2023

The current Help to Buy scheme will be replaced by a new scheme in April, which will only be available to first-time buyers and will impose regional price caps on eligible properties. ...

Price boost for homes in new national parks

Homeowners with properties situated within one of the government’s proposed new national parks could see their homes increase in value by as much as 20%, according to a new report. ...

Market update November 2020

It’s been another busy month for the mortgage market, with house price growth showing no sign of slowing. ...

Property activity continues to rise in October

Demand from property buyers showed no signs of slowing in October, pushing up house prices across all parts of the UK, according to the latest RICS UK Residential survey. ...

Interest rates held at 0.1% in November

The Bank of England held interest rates at a record low of 0.1% in November and pledged to continue injecting money into the economy to help support it during the pandemic. ...

Further support for mortgage customers

Homeowners who are struggling to meet their mortgage repayments because their incomes have fallen can take a break from payments for up to six months, under new plans to extend the availability of payment deferrals. ...

House prices climb to all-time high

House prices reached a record high in August according to Nationwide, cancelling out the losses seen in May and June. ...

Mortgage payment holidays could be extended

Borrowers who are experiencing financial difficulties due to coronavirus should continue to receive support from lenders once their payment holidays finish, under new draft guidance from the financial services’ conduct regulator. ...

Fixed mortgage rates start to rise

Homebuyers and those looking to remortgage who want the security of a fixed rate deal may want to act sooner rather than later, as rates have started to tick up in recent weeks. ...

Government reveals affordable housing plans

New homes and planning reforms have been pledged by the government in a bid to “build better homes where people want to live” and boost the UK’s economic recovery post-coronavirus. ...

Base rate held at 0.1% in August

The Bank of England left the base rate unchanged at 0.1% in August to support the economy’s recovery from the impact of coronavirus. ...

Shake-up of leasehold system proposed

Homeowners with leasehold properties could find it easier to buy the freehold or extend their leases, under changes to the leasehold system proposed by the Law Commission....

L&C bags four more awards

L&C Mortgages has scooped four awards at the 2020 What Mortgage Awards, which recognise and reward the best businesses in the UK’s mortgage and personal finance markets. ...

Stamp Duty Boost for Homebuyers

On 8th July Chancellor Rishi Sunak announced a major tax cut for home buyers, with a temporary waiver of Stamp Duty Land Tax for all properties valued up to £500,000. ...

Base rate held at 0.1% in June

The Bank of England has held the base rate at 0.1% in June, despite speculation that rates could fall into negative territory to help shore up the economy. ...

Mortgage rates continue to fall

Several lenders have recently reduced their mortgage rates, benefiting homeowners looking to remortgage so they can reduce their monthly outgoings. ...

Mortgage payment holiday scheme extended

Homeowners who have taken mortgage payment holidays to help them weather the financial impact of coronavirus may be able to extend their breaks by three months, the Financial Conduct Authority (FCA) has confirmed. ...

Mortgage market update - Lenders re-introduce deals

Now that the property market has restarted again, lenders are busy working through the backlog of mortgage applications they put on hold when physical valuations had to cease during lockdown. ...

Property market re-opens for business

Thousands of homebuyers who had to put their moves on hold when the country went into lockdown at the end of March can now proceed with their plans ...

7 myths about switching your mortgage

There are lots of reasons you might not have switched your mortgage yet, but are they actually myths? We look at the top reasons why you may not have remortgaged yet and why it might be a good idea......

Mortgage market update - What happens next?

Recent weeks have proved a rollercoaster ride for the mortgage market, with several lenders withdrawing products and then expanding their ranges. But what next for the mortgage market? ...

Base rate held at 0.1%

The Bank’s Monetary Policy Committee voted unanimously to hold the rate at its current record low, to help support economic activity during the coronavirus pandemic. ...

House price growth up 3.7% pre-pandemic

Annual house price growth rose by 3.7% in April, according to Nationwide’s latest house price index, the highest rate of annual growth for more than two years. ...

Mortgage market starts moving again

Lenders have gradually started to expand their mortgage ranges, after temporarily withdrawing some of their products when the lockdown was introduced. ...

One in nine takes mortgage payment holiday

More than 1.2m homeowners have been offered mortgage payment holidays by their lenders to help them weather the financial impact of coronavirus. ...

Credit scores protected during mortgage payment holidays

Taking a break from mortgage payments won’t affect your credit rating, credit reference agencies have confirmed, providing peace of mind for those struggling financially due to the coronavirus outbreak. ...

SVR Watch - March 2020

The Bank of England reduced base rate by 0.50% to 0.25% on March 11th and then cut further to 0.10% on the 19th. Here's our rundown of how lenders are reacting to these cuts....

Home-movers advised to delay plans

Home-movers are being advised by the Government to put their plans on hold wherever possible whilst measures are in place to fight coronavirus. ...

Base rate cut to record low

The Bank of England cut the base rate again on Thursday to just 0.1%, its lowest ever level, in a bid to support the economy during the coronavirus crisis. ...

Help With Mortgage Costs

The Government has announced that homeowners struggling with mortgage costs may be able to claim a three month “holiday” from their payments. Here’s what you need to know about how mortgage payment holidays work and who’s eligible. ...

Nationwide to offer interest-only mortgages

Nationwide, the UK’s largest building society, will soon re-enter the interest-only mortgage market - but only high earners will be eligible. ...

Budget 2020: How it affects the property market

Although much of this week’s Budget speech focused on measures to protect people and businesses from the economic impact of the coronavirus, there were several announcements on property. ...

Housing market update

A New Homes Ombudsman, Help to Buy numbers, leasehold reforms and house prices ...

Overpaying your mortgage

Paying off your mortgage early is a pretty appealing prospect for most people, so it’s little wonder that many of us plough any cash we don’t have an immediate need for back into our homes. ...

Should you say ‘I do’ to a joint mortgage?

With Valentine’s Day around the corner you might be starting to feel a bit romantic. Perhaps you’re thinking about moving in with your partner, or even popping the question? There’s a practical consideration you’ll want to think about before you make the big commitment of living together: How will the mortgage work?...

Why now is a good time for first time buyers

There are lots of reasons why now is a great time for first time buyers looking for a mortgage, including Stamp Duty exemption, low interest rates and Government schemes....

Boom in demand for holiday lets

Growing numbers of property investors are looking to buy holiday homes to let out in the UK in response to increasing demand for UK holidays. ...

Brits twice as likely to insure pets than themselves

One in three of us would take out pet insurance for our furry friends, yet more than eight out of ten don’t have or wouldn’t buy financial protection for ourselves in case we’re unable to work. ...

Cut monthly costs by remortgaging

Around 140,000 mortgage deals are due to mature this April, so if you’re one of them it’s worth looking into remortgaging as soon as possible. ...

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