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.

What would a rate rise mean for you?

Expectations of a base rate rise in May were dampened following comments from the Bank of England governor Mark Carney, but it’s still vital for homeowners to consider the impact of higher rates. ...

What the papers said about first-time buyers

The Observer reported this weekend on the falling number of young home-owning families, as many of today’s millennials struggle in the face of higher property prices. ...

Post Office launches new no deposit mortgage

The Post Office has introduced a new ‘Family Link’ mortgage aimed at first-time buyers that can afford monthly mortgage payments but who don’t have a deposit to put down. ...

Win Tea for Two

Competition Time Win Tea for Two at the famous Swan Restaurant in Shakespeare's Globe. To celebrate the launch of our latest TV advert, were giving you the chance to win an afternoon tea for two experience at the famous Swan restaurant - located in Shakespeare's Globe, London. ...

What the papers say about mortgage rates

'Join the race to remortgage' was the main theme of this weekend's papers, with the Times keen to point out that 25 lenders have increased their rates in the past 2 weeks, driving 2 year fixed rates to their highest level since September 2016. ...

House price growth slows

House prices are growing at their slowest rate for five years, according to Halifax’s latest monthly House Price Index. ...

Watch L&C's new TV advert!

Navigating the mortgage market isn’t always easy, but some seem to manage it with ease, even though it often takes a lot of hard work behind the scenes. That’s the message behind our new advertising campaign ‘Glide’ which you can watch here . ...

House price growth slows in January

Average house prices dropped by 0.6% in January, according to Halifax’s latest monthly House Price Index, with strained household finances contributing to the fall. ...

Interest-only borrowers warned to take action

Homeowners with interest-only mortgages who could face a shortfall in their repayment plans should take action or contact their lender as soon as possible to discuss their options. ...

What the papers said about rate changes and the Bank of Mum and Dad

The financial press reported this weekend on the increasing popularity of ‘Joint Borrower Sole Proprietor’ (JBSP) mortgages, which allow the income of family members – usually parents – to be taken into account, while the property title is held only in the child’s name. ...

L&C water pump is up and running

L&C is proud to have contributed a new water pump to Manicaland, a north eastern province in Zimbabwe, which will provide fresh drinking water for upwards of 300 people for decades to come. ...

M&S introduces first mortgage range

M&S Bank has launched its first mortgage range, which includes fixed and tracker deals for those moving home or remortgaging, as well as for first-time buyers. ...

Lakeland winner revealed

Thanks to everyone who took the time to enter our latest competition. We had a huge response from our customers and followers who took part! We’re excited to say that we’ve now chosen a winner. Congratulations to......

Mortgage terms are getting longer

First-time buyers are increasingly taking out mortgages with terms much longer than the usual 25 years to help make their monthly payments more affordable. ...

What are your mortgage resolutions?

Many people put sorting out their finances at the top of their list of New Year financial resolutions, and reviewing your mortgage can be a great place to start. ...

Experian and L&C form pioneering new partnership

L&C is excited to announce that it is joining forces with global information services group Experian, in a pioneering move which aims to consolidate L&C’s position as the UK’s leading fee-free mortgage broker. ...

What was the outcome of the Budget?

The Budget introduced a range of measures designed to boost the housing market and improve the supply of new homes in the UK. Here’s our rundown of the changes announced. ...

SVR Watch - November 2017

Here’s how lenders are reacting to the Bank of England’s decision to increase Base Rate. We’ll keep updating this page as news comes in. ...

First Time Buyer Stamp Duty Cut

In the November 2017 Budget, Chancellor Philip Hammond announced an immediate reduction in Stamp Duty Land Tax (SDLT) that will benefit the vast majority of first time buyers in England, Wales and Northern Ireland and mean 80% of first timers will pay no stamp duty at all. ...

What the base rate rise means for landlords

Much of the focus since the base rate rise last week has been on what impact the increase has on homeowners, but it also has implications for landlords, many of whom have already had to adapt to several other changes this year. ...

Win this £50 Lakeland giftcard

For the chance to win this £50 Lakeland gift card, simply like our Facebook or LinkedIn page (or follow us, if you prefer Twitter) and like our post. ...

Competition Ts and Cs

For a chance to win a £50 Lakeland giftcard, simply Like one of our social pages and competition posts before midnight on Monday 15th January 2018. Terms and conditions apply....

Bank of England raises interest rates

The Bank of England has raised the base rate for the first time in more than a decade, meaning higher mortgage costs for millions of homeowners on variable rate deals. ...

Portfolio lending rules now in place

Landlords with four or more mortgaged buy-to-let properties can now expect greater scrutiny of their entire portfolio when trying to buy a new property. ...

What the papers said about new lenders and rate rises

The anticipation of an upcoming rate rise was once again the focus in this weekend’s financial press. Over recent weeks, lenders have been increasing rates across all Loan-to-Value brackets, said the Mirror, although experts were keen to highlight tha...

House prices reach new record high

The average house price in the UK reached a record high of £225,109 in September, according to Halifax’s latest house price index, with prices supported by a shortage of properties for sale and low unemployment. ...

Guide to negotiating the price of a property

You’ve found the property you want to buy, but now you need to get it for the right price. We understand that haggling on the property price can be tricky... So here are our top tips to help you buy a property at the best possible price. ...

Things to remember when moving home

Moving home is supposedly one of life’s most stressful events, but a bit of careful planning can help ease the strain. Here are some of the things you need to think about when making your move....

What buy-to-let landlords need to plan for

Buying a property to let out is very different to buying a property to live in, so if you’re planning to become a landlord, it’s really important to plan properly. ...

What the papers said about ISA’s and remortgaging

The Guardian and Times both reported this weekend on newly released Government figures, which show that a million Help to Buy ISA accounts have been opened since December 2015. These accounts, they suggest, have helped struggling First-Time Buyers save £1.8bn. ...

Picnic basket competition winner revealed

Thanks to everyone who entered our competition to win a four person picnic hamper. After receiving over 900 entries, we’ve now chosen a winner. Congratulations to......

Government announces crackdown on leaseholds for new-build homes

Leaseholds on new build-houses could soon be banned under new proposals being considered by the government. The government said that it will consult on whether to prohibit the sale of new build leasehold houses and limit the amount of ground rent that can be charged. ...

Another win for L&C!

Another win for L&C! L&C Mortgages was named Best National Mortgage Adviser at the 2017 What Mortgage Awards on July 19, the sixth consecutive year L&C has won the award....

More changes on the way for landlords

More changes on the way for landlords.. Landlords who own four or more mortgaged buy-to-let properties can soon expect lenders to look across their whole portfolio if they want to apply for a mortgage on a new property....

What the papers say about the new Buy-to-Let rules, New Build and Critical Illness Cover

The Times focused on the new Buy to Let rules from the Prudential Regulation Authority (PRA) that will come into force this October. They will affect ‘portfolio landlords’ (those with 4 or more mortgaged properties). Previously, lenders might assess a new mortgage in isolation but will now have to undertake a review of all the client’s assets, liability, tax position, business plan and exit strategy. Buy to Let Mortgage lenders are beginning to announce how they will implement these changes,...

Property prices show signs of cooling

The traditional spring bounce in the housing market failed to materialise this year, according to Halifax’s latest house price index, which showed prices have fallen for the third quarter running....

Is 35 years becoming the new norm?

The Telegraph was keen to highlight that in the first quarter of 2017 almost one in seven borrowers took a mortgage term of 35 years or more.......

Clarity on mortgage stress tests

Lenders will have to adopt a more uniform approach to mortgage stress tests, following a clarification of the rules by the Bank of England’s Financial Policy Committee (FPC)....

L&C Mortgages win again!

L&C Mortgages was named Best Mortgage Adviser at the prestigious Money Marketing Awards held in London on June 22. The awards recognise those who have reached the top of their field ..............

How far ahead can I start a remortgage?

How far ahead can I start a remortgage? Looking to remortgage? Don’t assume you have to wait until your existing deal finishes before you can start the ball rolling. If you’ve spotted a mortgage deal you really want, or you’re concerned that fixed rate deals are edging up and want to lock into a low rate now, it is possible to secure a new deal even if you’re currently tied into another mortgage. Many remortgage offers are valid for between three and six months from the date they ar...

Using the Bank of Mum and Dad to get on the Property Ladder

The number of first-time buyers relying on the ‘Bank of Mum and Dad’ to help them onto the property ladder has risen to a record high, according to new research. More than a third of first-time buyers now turn to their family for financial help when buying a property, a study by the Social Mobility Commission found, compared to one in five seven years ago. One in 10 relies on inherited wealth to fund their property purchase. The Commission claims that this increasing reliance on financial...

First-time buyers continue to buoy mortgage market

First-time buyers and those remortaging continue to drive lending activity, according to the Council of Mortgage Lenders (CML), whilst the number of home movers and buy to let borrowers is falling. The number of buy to let purchases is nearly half what it was a year ago, the CML said, averaging around 6,000 purchases a month over the last 12 months. Buy to let figures have fallen dramatically following the introduction of the second home stamp...

Interest-only market decreases

Less than 2m interest-only mortgages across the UK remain outstanding, according to the Council of Mortgage Lenders (CML), down from 3.2m in 2012. There are currently 1.9m interest-only loans, with a third of these due to mature in the 2030s. With this type of mortgage, as the name suggests, you only repay the interest on the amount you’ve borrowed each month. The capital must be repaid when the mortgage term ends. Millions of borrowers took out this type of...

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