News & insights - Remortgage

If you’re approaching the end of your current mortgage deal, you might be wondering whether to act now

What the Mortgage Charter means for you Rising mortgage costs are extremely worrying for homeowners, many of whom may be wondering whether they’ll be able to afford their monthly payments when they come to remortgage. Borrowers on variable rate deals are already feeling the impact of thirteen consecutive increases in the Bank of England base rate, with hundreds of thousands more homeowners likely to see payments jump in coming months when their fixed rate deals end. With this in mind, t

It’s been a tumultuous few weeks for the mortgage market, with lenders pulling products especially fixed rates before usually replacing them with higher rate deals. T

If you’re worried about rising mortgage costs, there may be ways to keep payments affordable.

Should I leave my tracker mortgage? The Bank of England’s Monetary Policy Committee voted to raise the base rate to 4.5% in May, meaning more mortgage pain for those on tracker rate mortgages. Tracker mortgage deals, as the name suggests, track the Bank of England base rate, plus a set percentage. For example, if your tracker deal is base rate plus 1%, your current payable rate will be 5.5% (the 4.5% base rate with another 1% added). Whilst trackers proved a popular option in recent mo

Should you go for a short or long-term fixed rate mortgage? Fixed mortgage rates are at a six-month low, making it a good time to act if you’re looking to remortgage or buy, but should you go for a two-year or five-year fixed rate deal? The short answer is that it depends very much on your individual circumstances, and whether these are likely to change over the short term, as well as how long you want peace of mind that your payments won’t change. Here, we weigh up some of the pros and co

With speculation that rates might reduce further, homeowners may be wondering whether now’s the right time to remortgage.

The Bank of England’s Monetary Policy voted to raise the base rate from 4% to 4.25% in March, its highest level since 2008.

Borrowers wanting green mortgages have a growing number of options to choose from, with lenders recognising the Government’s push for homes to be made more energy efficient.

What should I do if my fixed rate is coming to an end? Hundreds of thousands of fixed mortgage deals are finishing over the next few months, leaving many homeowners wondering which way to turn next. Around 353,000 fixed rate mortgages are ending between January and March this year, according to data from the Office for National Statistics (ONS). Its calculations, based on Bank of England (BoE) transactions data, suggest that the number of fixed rate mortgage deals coming to an end this yea

Mortgage rates have tumbled in recent weeks as lenders battle to attract borrowers, so those who have put their mortgage plans on pause may want to take another look at what’s available. Many people have held

Soaring gas and electricity costs mean that many of us are looking at ways to make our homes more energy efficient to help keep bills down.

If you’re approaching the end of your mortgage deal, you might be wondering whether to remortgage to a new lender, or stick with your current lender.

The New Year can be a great time to review your financial situation and look at ways you might be able to make your money work harder for you.

Fixed rate mortgages have always proved popular, but tracker mortgages are becoming an increasingly appealing option.

The Bank of England’s Monetary Policy Committee voted to raise the base rate by half a percentage point in September, from 1.75% to 2.25%.

Borrowers urged to check if they can save by switching mortgage Around 370,000 homeowners could reduce their outgoings by remortgaging to a cheaper deal , according to research by the financial regulator the Financial Conduct Authority (FCA). Although the number of borrowers not switching their mortgage deal when they could save money by doing so has more than halved over the last six years, there are still hundreds of thousands who could cut costs by remortgaging. The FCA estimates show tha

The Bank of England’s Monetary Policy Committee (MPC) has voted by 8-1 to increase base rate by 0.50%, to 1.75%, the biggest increase for almost 30 years.

Interest rates could rise by as much as half a percentage point in August, the Governor of the Bank of England has warned, with economists predicting that rates could exceed 2% in the next year.

Mortgage affordability tests will be scrapped this summer, the Bank of England has announced.

We've de-bunked nine of the most common mortgage myths that might be putting you off and explain what the real facts are.

The Bank of England’s Monetary Policy Committee voted to raise the base rate by 0.25 percentage points to 1.25% in June, the first time it has exceeded 1% for 13 years.

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 have risen to 1% in May, the first time they have been at this level since February 2009.

Some lenders have already tightened up their lending criteria to account for higher household bills