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.

Coronavirus: what it means for your mortgage

Here’s what you need to know about how the pandemic is affecting the mortgage market, and the impact it might have on your chances of getting a mortgage or remortgaging. ...

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. ...

Divorce and mortgages

On January the 6th, 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....

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. ...

What are YOUR 2020 mortgage resolutions?

After all that festive spending, the New Year is the ideal time to review your finances and look at ways you might be able to save money in 2020. ...

2019 Mortgage market review of the year

Political and economic uncertainty may have dominated 2019, but homeowners and buyers have continued to benefit from rock-bottom mortgage rates. ...

New year, new financial you?

Is sorting out your finances one of your New Year’s resolutions? Whether you’re thinking about taking out a mortgage or if you already have one, it will probably be your biggest monthly outgoing, so should be a priority on your resolution list. Here are a few ideas to help you get going...

Christmas opening times

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: Christmas Eve – 9am – 2pm Christmas Day – Closed Boxing Day – Closed New Year’s Eve – 9am – 2pm New Year’s Day – Closed Otherwise it’s business as usual!...

Base rate held in split decision

The Bank of England’s Monetary Policy Committee voted to keep interest rates at 0.75% again in November, although two of the nine members voted in favour of a cut. ...

Help for ‘mortgage prisoners’

Thousands of homeowners who’ve previously been barred from moving to cheaper mortgage deals could now be able to switch, thanks to new rules. ...

Shared ownership boost for lower earners

Thousands of lower earners will be given the opportunity to get onto the property ladder under plans for a new model of shared ownership announced by the Government. ...

Is your self-employed paperwork up to date?

There are nearly 5m self-employed workers in the UK but getting a mortgage if you work for yourself can be tricky if you don’t have the right paperwork in place. ...

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. ...

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