Insight - L&C Mortgages

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 - August 2018

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, so you can see whether yours has increased its Standard Variable Rate. ...

House prices pick up in July

House prices picked up last month, according to Nationwide’s latest house price index, with annual growth up from 2% in June to 2.5% in July. ...

Growing popularity of holiday lets

Short-term holiday lets are becoming increasingly popular as a way for landlords to generate an income, but it’s important to weigh up the pros and cons carefully first. ...

What the papers said about rising rates

As expected, the weekend’s financial news focused primarily on last week’s decision by the Bank of England to increase the base rate for only the second time in a decade. ...

Bank of England raises interest rates

The Bank of England has raised the base rate to 0.75%, meaning higher monthly mortgage costs for millions of homeowners on variable rate deals. ...

Securing a fixed rate to protect against rising interest rates

Fixed mortgage rates remain at historic lows, with five-year rates available below 2% in May 2018. You don’t have to fix your rate for five years though to benefit from a low rate. Deals usually range from two years up to 10 years or longer, so you can pick a term to suit your needs. ...

Refer a friend Competition Winners

We are delighted to announce the winners of our latest ‘refer a friend’ competition. From thousands of entries Natalie, and the person who referred her, were randomly selected, winning their mortgages paid for six months by L & C Mortgages. ...

Hat trick of awards for L&C

L&C picked up three awards at the What Mortgage Awards on July 18, winning Best Mortgage Broker (over 40 advisers), Best Online Mortgage Broker and Best Broker Customer Service. ...

Difference between SVRs and fixed rates grows

The gap between the best fixed rate mortgage deals and lenders’ standard variable rates has widened substantially over the past nine years, according to the Financial Conduct Authority (FCA). ...

Options improve for 95% remortgage deals

Homeowners with only a limited amount of equity now have a greater choice of remortgage options, with lenders including Virgin Money, Tesco and Atom Bank improving their offerings at this end of the market. ...

Second steppers return to Bank of Mum and Dad

Whilst first-time buyers often rely on the Bank of Mum and Dad to help with their deposits, those planning their next move also depend on their support, according to the latest ‘Second Steppers’ report from Lloyds Bank. ...

Buying cheaper than renting in all parts of the UK

First-time buyers who manage to get onto the property ladder could save an average of more than £2,200 a year compared to renting, with buying now cheaper than renting in all areas of the UK. ...

Remortgages up by a third in April

More than 40,000 homeowners remortgaged in April, according to latest figures from trade body UK Finance, up 36% compared to the same month last year. ...

Brexit could delay rate rises

Interest rates could be kept on hold for longer in the event of a “disorderly” Brexit, according to the Governor of the Bank of England....

One in five landlords plan to sell up

Around 380,000 landlords (19%) plan to sell their rental properties in the coming year, according to research by the National Landlords Association. ...

What the papers say about First Time Buyer Stamp Duty Relief

This weekend's Financial Times highlighted the main findings of our First time Buyer stamp duty research, namely: 18% of FTB are calibrating their purchases to take advantage of tax relief by buying beneath the exemption threshold. ...

Tea for Two Competition winner

We are delighted to announce winner of our "Tea for Two" Competition, celebrating the launch of our new TV advert. ...

Millennials join forces to buy property

More than half of millennials – those aged between 18 and 35 - are considering buying a home with friends or family to achieve their aim of getting on the property ladder. ...

What the papers said about borrowers young and old

Both ends of the lending spectrum were covered in this weekend’s financial press, and in particular the criteria that is enabling different generations to either get onto the property ladder, or stay on it. ...

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....

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