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.

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. ...

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. ...

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. ...

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. ...

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. ...

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. ...

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. ...

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. ...

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%. ...

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. ...

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. ...

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. ...

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. ...

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. ...

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. ...

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. ...

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. ...

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. ...

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. ...

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. ...

What the papers said about the right time to switch

The Times reported this weekend that around £22.3 billion worth of mortgage deals will come to an end in April, meaning that potentially thousands of homeowners could be about to move onto more expensive Standard Variable Rates (SVR). ...

Interest rates kept on hold amidst Brexit uncertainty

The Bank of England voted unanimously to leave the base rate unchanged at 0.75% in March, with political and economic uncertainty making it impossible to know which way rates will move next. ...

Are you ready for April council tax increases?

Council tax bills are on their way up again from April, but if you’re worried about rising household bills, remortgaging could help reduce your outgoings. ...

What are your mortgage resolutions for 2019?

Your mortgage is likely to be your biggest monthly outgoing, so it’s a great place to start if you’re looking to cut costs. Here’s our rundown of some of the mortgage resolutions you might want to consider making. ...

New long-term fixes available for landlords

Landlords who are concerned about higher mortgage costs if interest rates rise have a wider range of fixed rate options to choose from following the launch of a new range of 10-year fixes. ...

Borrowers fix for longer following rate rise

Longer term 5 and 10-year fixed rate mortgages are becoming increasingly popular, as borrowers seek to protect themselves from further interest rate rises. ...

Mortgage lending increased in July

Gross mortgage lending reached £24.6bn in July, according to latest figures from trade body UK Finance, its highest level since March 2016. ...

Bank of England raises base rate to 0.75%

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. ...

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. ...

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 UK 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....

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 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. ...

Bank of England raises interest rates November 17

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. ...

Has the housing market reached a plateau?

Mortgage lending reached £22.1 billion in June, up 9% on the previous month, but the challenging economic situation could dampen activity going forward. ...

Are you ‘Just About Managing’?

Over 1.4m people are struggling to pay their mortgages, but there are plenty of steps borrowers can take to help make their monthly payments more manageable. ...

Interest rates left unchanged at 0.25%

The Bank of England left the base rate unchanged at 0.25% in it’s May meeting, but warned that rising living costs and falling wages will mean “challenging” times for many households this year. ...

2016 Review and Outlook for 2017

Last year isn’t one any of us are likely to forget in a hurry thanks to Brexit, but amidst all the political turmoil, homebuyers and owners enjoyed some of the lowest mortgage rates ever recorded. ...

What the papers say- 4th August 2010

The debate surrounding interest rate predictions continued today, with two former policymakers warning that base rate could rise to as much as 3% by this time next year, following a period of economic stability.  As pointed out in both the Times and the Telegraph, this differs greatly from the majority of forecasts for a longer period of low rates, and will come as a shock to many homeowners.  Rather fortuitously then, the Daily Mail reported th...

Housing market continues steady recovery

The Council of Mortgage Lenders (CML) reported that loans for house purchase reached 55,000 in October, the highest level since December 2007, and a near 100% rise from the trough of January 2009.They also released some interesting figures on the popularity of fixed rates. From a high of 80% of new loans in July, fixed rates were only chosen by 66% of new borrowers in October, a number which I suspect has fallen further since. Tracker deals seem ...

Bank rate held for 5th month in a row

No surprise but it’s now official, the Bank of England are keeping interest rates at 0.5% for the 5th month in succession. The Monetary Policy Committee also announced an increase in the quantitative easing program of £50 billion, bringing the total at their disposal to £175 billion. £25 billion of the increase had already been earmarked for the program, but the additional funds came as a surprise, especially as many expected the program to be p...

Nationwide Buck The Trend And Lower Mortgage Rates.

Nationwide made Monday morning a little more pleasant this week by announcing some substantial cuts in their mortgage rates. Mainly targeting borrowers with a 40% deposit , they have reduced rates for both new customers and existing borrowers moving home. The cuts of up to 0.5% appear largely in their fixed rate deals, but some trackers have been reduced by up to 0.25%. The rate reductions are accompanied by the introduction of a non refundable...

Why we are paying more for our mortgages.

With bank rate remaining unchanged since March and the cost to lenders of funding mortgages so low, you would be forgiven for wondering why mortgages are becoming more expensive. In the face of mounting criticism for increasing mortgage rates, the lenders position has been laid out in the latest “News & Views” from the Council of Mortgage Lenders and it makes interesting reading. Lenders are less able to vary the rate they charge existing c...

Gordon Won’t Like That! Long term fixed rates

Despite the Government telling us that long term fixed rate mortgages were the best thing for us, lenders seem to have sided with brokers, as they’ve gradually withdrawn the few long term deals available. With Manchester Building Society withdrawing their 30 year fixed rate last week, the longest fixed rate available now is 15 years from Britannia Building Society, but even this is unlikely to be popular. The London & Country view has alway...

What the papers say - 25th February

Today’s Daily Mail noted that although many banks and building societies have cut fixed-rates in the past week, cheaper deals are only available to homebuyers who can afford to put down hefty deposits. Experts said that it’s a different story for those with small deposits, as lack of competition and limited appetite for higher-risk lending has left these deals static at much higher interest rates. The Daily Express revealed that Northern Rock’s p...

What the papers say - 14th and 15th February 2009

Fixed rates were the main mortgage topic in the weekend money pages and according to the Times, some brokers have called the bottom of the market and are urging homeowners to move quickly to a good fix. Interest rates are at an all-time low but many homeowners already locked into high, fixed-rate mortgage rates may be considering whether it’s time to “ditch the fix” in favour of a cheaper deal.   As noted in the Sunday Times- L&C Mortgages s...

What the papers say - 23rd and 24th August 2008

There were mixed reviews on the recent rate cuts in the weekend money pages, alongside some topical features on lender’s profits and consumer attitudes. The Mail on Sunday reported that Abbey, Nationwide, Britannia, Cheltenham & Gloucester, Leeds and Yorkshire building societies made cuts to their fixed-rate mortgages last week. The Observer agreed that this was a welcome boost to homebuyers and anyone remortgaging with a decent deposit, but...

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