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.

Millennial Mortgages

Over the last decade millennials have received a lot of flak for relying on the Bank of Mum and Dad. ...

Sainsbury’s stops mortgage sales

Sainsbury’s Bank has become the latest lender to exit the mortgage market, just six months after Tesco announced that it was pulling out of mortgages. ...

How safe is YOUR home?

October 1st marked the start of National Home Security Month (NHSM), designed to raise awareness of the importance of keeping your property secure. ...

Top first-time buyer misconceptions revealed

More than half of first-time buyers (57%) believe they’d be able to borrow up to 10 times’ their income when they take out a mortgage, according to new research. ...

Base rate left on hold in run up to Brexit

The Bank of England’s Monetary Policy Committee (MPC) voted unanimously to leave the base rate unchanged this month, at its last meeting before the UK is due to leave the European Union....

Demand for long-term fixed rate mortgages grows

Homebuyers and owners wanting the security of a long-term fixed rate mortgage now have a much wider range of options to choose from following the launch of several new 15-year deals. ...

Homeowners could save thousands by overpaying

Over half of homeowners never overpay on their mortgage, even though doing so could potentially save them thousands in interest and reduce their mortgage term. ...

Is your home Gas Safe?

Gas Safety Week takes place from 16th – 22nd September, and this year focuses on the most vulnerable members of society and how they can stay gas safe. ...

Tesco Bank mortgage customers to move to Halifax

Lloyds Bank has agreed a deal to buy Tesco Bank’s mortgage book, in a takeover which will see more than 23,000 residential mortgage customers moved over to Lloyds’ Halifax division. ...

Buying for Uni

Growing numbers of university students are becoming landlords, buying properties that they can live in whilst also collecting rent from their student housemates. ...

Uncertainty causes mortgage market slowdown

First-time buyer and homemover mortgage numbers dropped slightly in June, with many people putting their plans on hold due to current political and economic uncertainty. ...

Number of Help to Buy loans up by 9%

The number of homes purchased using Help to Buy increased by 9% in the year to the end of March 2019, with 52,404 properties bought using the scheme over this period. ...

Interest rates unchanged in August

The Bank of England’s Monetary Policy Committee (MPC) voted unanimously to keep the base rate at 0.75% in August amid ongoing Brexit uncertainty. ...

6 surprising things that affect your house value

If you're selling your home you'll want to get the best price possible, but there could be things you aren't even aware of that are affecting its value. Here we reveal six surprising things that could affect your property's price....

Plan your remortgage now to cut costs

More than £26 billion worth of mortgage deals will come to an end in October, according to research by Yorkshire Building Society, the largest monthly amount of mortgages maturing this year. ...

Are you improving rather than moving?

May saw a sharp increase in the number of people remortgaging and borrowing extra funds, suggesting that many are choosing to improve their homes rather than move. ...

Can you get a mortgage if you work for yourself?

Despite recent reports that self-employed people often believe they’d struggle to get a mortgage, being your own boss won’t necessarily make it harder to get on the property ladder. ...

Leaseholds axed for all new houses

All new build homes should be sold on a freehold basis in future, in a bid to tackle unfair and exploitative leasehold practices, the government announced in recent weeks. ...

Longer term mortgages on the rise

More than 28,000 mortgages running for 35 years or more were approved in 2017, according to data from the Financial Conduct Authority, with a growing number of lenders now offering terms of up to 40 years. ...

UK house prices shrug off Brexit worries

House price growth in the UK remains resilient despite ongoing Brexit uncertainty according to Halifax, with prices rising at their fastest annual rate since early 2017. ...

What the papers said about home improvements and school fees

Recent UK Finance figures revealed a significant increase in the number of people ‘staying put’ and remortgaging to release money from their property, many of whom are using the funds to carry out home improvements including extensions. ...

First-time buyers bypass flats

The average price of a flat in England has fallen by 2.1% over the year to an average of £220,146, according to the UK House Price Index for April, whereas all other types of property have increased in value. ...

IKEA to build low cost homes

Fancy a flat-pack home? Up to 162 new factory-built homes could soon be constructed in Worthing if a deal between the council and an affordable housing developer co-owned by IKEA goes ahead. ...

Base rate kept on hold in June

The Bank of England’s Monetary Policy Committee voted to keep interest rates on hold at 0.75% earlier this month, with ongoing Brexit uncertainty continuing to hamper economic growth. ...

Why you might be turned down for a mortgage (and what you can do about it)

Most mortgage applications go without a hitch, but there are times when applications are refused, leaving buyers or homeowners wondering which way to turn. The good news is that once you know the reasons why a mortgage might be declined you can work on boosting your chances of being accepted. ...

New mortgages for public sector heroes

NHS staff, police officers, firefighters and teachers are among those who’ll be eligible to apply for a new ‘Hero Mortgage’ from specialist lender Kensington. ...

What the papers said about shared ownership and credit reports

Since its launch in 2013, the Help to Buy equity loan scheme has allowed thousands of struggling buyers to purchase a property. This will come to an end in March 2023, and experts in this weekend’s financial press predicted a subsequent increase in demand for shared-ownership properties. ...

Interest-only mortgages stage comeback

There are nearly 200 interest-only mortgages for borrowers to pick from, according to recent research, nearly double the number available in 2013. ...

Parliamentary group set up to help mortgage prisoners

MPs have set up an all-party parliamentary group (APPG) to explore ways to help mortgage prisoners who are stuck paying high interest rates because they’re unable to switch to better deals. ...

New protection for tenants from unfair charges

The amount landlords can charge as a deposit will be capped from next month to protect tenants from having to fork out thousands of pounds to secure a property. ...

Are you ready for higher interest rates?

Despite the fact that interest rates were kept on hold at 0.75% this month, the Bank of England has warned that rate increases could be “more frequent” if the economy picks up. ...

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 for 2019?

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. ...

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