News & Insights - Fixed rate

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.

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.

The Guardian reported this weekend on the ongoing battle for mortgage prisoners to gain access to lower rates.

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.

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).

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. The Bank said t

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.

As uncertainty over Brexit continues, the financial press looked this weekend at the impact on the housing market and consumer confidence.

The savings homeowners can make by remortgaging have reached their highest level in 11 years, according to new research.

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.

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.

Fixed rate mortgages have proved hugely popular in recent years, but with increasingly attractive variable rate deals on offer, is it time for borrowers to consider other options?

The Sunday Times reported this week that a number of big name lenders have cut their rates in recent weeks.

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

This weekend’s financial press looked at the future of Help to Buy, with experts sharing their views on whether the Government scheme should be amended, extended or scrapped beyond its current end date of 2021.

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

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.

Clydesdale Bank has become the latest lender to introduce a new range of mortgages specifically for professionals.

With recent figures indicating subdued wage growth and inflation, some experts believe that next month’s anticipated base rate increase is no longer a certainty.

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).

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.

Competition in the mortgage market has been heating up recently, with new figures revealing the ever-shrinking margin between average 2 and 5 year fixed rates.

The Bank of England’s Monetary Policy Committee has voted by 6-3 to leave the base rate at 0.5% in June, the seventh month since the last change.

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.

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.