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.

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. ...

Your Guide to Property Valuations and Surveys

When you take out a mortgage, your lender will require a valuation. Our infographic helps to explain the different types of valuations and surveys and the impact of the pandemic on timescales. ...

Barclays launches 10-year fixed rate mortgage below 2%

Locking into a long-term fixed rate can provide valuable peace of mind that you’ll know exactly what your mortgage payments will be for several years, regardless of what happens to interest rates during this time. ...

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. ...

Mortgage rates continue to fall

Several lenders have recently reduced their mortgage rates, benefiting homeowners looking to remortgage so they can reduce their monthly outgoings. ...

Mortgage payment holiday scheme extended

Homeowners who have taken mortgage payment holidays to help them weather the financial impact of coronavirus may be able to extend their breaks by three months, the Financial Conduct Authority (FCA) has confirmed. ...

Mortgage market update - Lenders re-introduce deals

Now that the property market has restarted again, lenders are busy working through the backlog of mortgage applications they put on hold when physical valuations had to cease during lockdown. ...

Property market re-opens for business

Thousands of homebuyers who had to put their moves on hold when the country went into lockdown at the end of March can now proceed with their plans ...

7 myths about switching your mortgage

There are lots of reasons you might not have switched your mortgage yet, but are they actually myths? We look at the top reasons why you may not have remortgaged yet and why it might be a good idea......

Mortgage market update - What happens next?

Recent weeks have proved a rollercoaster ride for the mortgage market, with several lenders withdrawing products and then expanding their ranges. But what next for the mortgage market? ...

Base rate held at 0.1%

The Bank’s Monetary Policy Committee voted unanimously to hold the rate at its current record low, to help support economic activity during the coronavirus pandemic. ...

House price growth up 3.7% pre-pandemic

Annual house price growth rose by 3.7% in April, according to Nationwide’s latest house price index, the highest rate of annual growth for more than two years. ...

Mortgage market starts moving again

Lenders have gradually started to expand their mortgage ranges, after temporarily withdrawing some of their products when the lockdown was introduced. ...

One in nine takes mortgage payment holiday

More than 1.2m homeowners have been offered mortgage payment holidays by their lenders to help them weather the financial impact of coronavirus. ...

Credit scores protected during mortgage payment holidays

Taking a break from mortgage payments won’t affect your credit rating, credit reference agencies have confirmed, providing peace of mind for those struggling financially due to the coronavirus outbreak. ...

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. ...

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