News & insights - Remortgage
Our expert views and commentary on what’s happening in the world of mortgages and sometimes beyond.
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Fifth consecutive rise for interest rates
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.
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.
How rising living costs could affect your mortgage
Some lenders have already tightened up their lending criteria to account for higher household bills
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.
SVR Watch February 2022
The Bank of England has increased base rate from 0.25% to 0.50%. Here's our rundown of how lenders are reacting to the rise, so you can see whether yours has increased its Standard Variable Rate.
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, raising it from 0.25% to 0.5%.
Combat the cost of living squeeze by switching mortgage
Soaring living costs are already hitting many households hard but remortgaging to a cheaper deal could potentially reduce your monthly outgoings and make bills more manageable.
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.
Inflation soars to record high – is a rate rise on the horizon?
Inflation jumped to 4.2% in the year to October, up from 3.1% the previous month, with the Bank of England under mounting pressure to raise the base rate next month to help curb rising living costs.
Bank of England keeps interest rates at 0.1%
Despite widespread speculation that an increase could be on the cards, the Bank of England’s Monetary Policy Committee voted to leave the base rate unchanged at 0.1% this month.
L&C Mortgage Ratewatch
Higher inflation is now leading to speculation that there may be a need for interest rates to increase.
Base rate held at 0.1% despite soaring inflation
Interest rates were held at 0.1% this month, despite inflation in August recording it’s biggest increase since records began in 1997.
Rates held at 0.1% despite soaring inflation
Although the Bank doesn’t want to stifle economic recovery following the pandemic, if inflation doesn’t start to fall back, there’s a chance that rates could rise in the not-too-distant future.
Mortgage rates fall to historic lows
Recent weeks have seen the launch of several headline-grabbing two-year fixed rate deals below 1%, but the gap between five and two-year fixes has been narrowing.
Borrowers urged to explore remortgage options
Homeowners coming to the end of their current mortage deal are being urged to explore their options
Adding partners or spouses onto an existing mortgage
There may come a time when you wish to add your partner or spouse to your mortgage. We explain how in this blog.
Unanimous vote to hold base rate at 0.1%
The Bank of England’s Monetary Policy Committee voted to leave the base rate unchanged at 0.1% in March, and suggests the UK economy could recover sooner than expected
Base rate held but negative rates possible
The Bank of England’s Monetary Policy Committee (MPC) voted to leave the base rate unchanged in February but didn’t rule out rates falling below zero in future.
Further support for mortgage customers
Homeowners who are struggling to meet their mortgage repayments because their incomes have fallen can take a break from payments for up to six months, under new plans to extend the availability of payment deferrals announced by the regulator.
What new COVID restrictions mean for your property purchase or remortgage
The government has announced a three-tier system of restrictions to prevent the spread of COVID-19, leaving many home-movers and homeowners wondering how the new rules will affect their plans.
Mortgage payment holidays could be extended
Borrowers who are experiencing financial difficulties due to coronavirus should continue to receive support from lenders once their payment holidays finish, under new draft guidance from the financial services’ conduct regulator.
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 August
The Bank of England left the base rate unchanged at 0.1% in August to support the economy’s recovery from the impact of coronavirus.
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