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.

SVR Watch

The Bank of England has increased base rate to 1.25%. Here's our rundown of how lenders are reacting to the rise. ...

Fifth consecutive rise for interest rates

The Bank of England’s Monetary Policy Committee voted to raise the base rate by 0.25 percentage points to 1.25% in June, the first time it has exceeded 1% for 13 years. ...

Mortgage payments jump by £100 a month

A series of interest rate hikes in recent months has seen mortgage rates more than double since their historic low in October 2021, and with further rises likely, it makes sense to review your mortgage now. ...

SVR Watch

The Bank of England has increased base rate by to 1.00%. Here’s our rundown of how lenders are reacting to the rise, so you can see whether yours has increased its Standard Variable Rate. ...

Interest rates rise to 1%

Interest rates have risen to 1% in May, the first time they have been at this level since February 2009. ...

Dying Matters Awareness Week 2nd-6th May

Discussing what both you and your family might want when the time comescan provide valuable peace of mind that your wishes will be carried out. ...

Understanding multiple sclerosis

April 25-May 1 is multiple sclerosis awareness week, which aims to increase awareness of the condition and the effect it can have on people. ...

SVR Watch March 2022

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. ...

Bank of England raises interest rates to 0.75%

The Bank of England’s Monetary Policy Committee voted to raise the base rate by 0.25 percentage points to 0.75%, the first time it has increased rates at three successive meetings since 2004. ...

SVR Watch February 2022

The Bank of England has increased base rate from 0.25% to 0.50%. Here's our rundown of how lenders are reacting to the rise, so you can see whether yours has increased its Standard Variable Rate. ...

How to get ahead of a base rate rise

Interest rates are on the way up and with further increases expected, it makes sense to think about ways you might be able to protect yourself from potentially steeper mortgage payments. ...

Don’t give up on giving up smoking

If you’ve previously tried to stop smoking, but taken it up again, don’t lose hope that you’ll never be able to kick the habit. ...

Base rate jumps to 0.5%

The Bank of England’s Monetary Policy Committee voted to increase the base rate by 0.25 percentage points today. ...

World Cancer Day: closing the care gap

Finding out that you have cancer can be truly devastating, whatever the prognosis, and is likely to impact virtually every aspect of your life. ...

New Year New Start

The New Year is a great time to take stock and look at ways you might be able to make your life healthier and happier. ...

SVR Watch

The Bank of England base rate has risen from a record low of 0.1% to 0.25%. Here’s our rundown of how lenders are reacting to the rise. ...

Bank of England raises interest rates

The Bank of England’s Monetary Policy Committee has voted by a majority of 8-1 to raise the base rate to 0.25%, providing little festive cheer to homeowners. ...

Home mover numbers reach record high

The number of home moves in the UK reached its highest level in 14 years in the first half of 2021, with more than 265,000 people moving to a new property. ...

Bank of England keeps interest rates at 0.1%

The Bank of England’s Monetary Policy Committee voted by a 7-2 majority to leave the base rate unchanged at 0.1% this month, despite widespread speculation that an increase could be on the cards. ...

L&C Mortgage Ratewatch

Higher inflation is now leading to speculation that there may be a need for interest rates to increase. ...

Autumn Budget announcement

Chancellor Rishi Sunak delivered today’s Autumn Budget as the UK prepares for a ‘new economy post-Covid’...

Rates held at 0.1% despite soaring inflation

The Bank of England left interest rates unchanged in August despite predictions that inflation, or the increase in the price of goods and services, will soar to its highest level in a decade. ...

Prepare for the unexpected

If the past 18 months has taught us anything, it’s that no-one can predict what’s around the corner, which is why it’s vital to prepare as much as possible for every eventuality. ...

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. ...

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. ...

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