News & insights - Remortgage

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.

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.

Figures reveal a growing number of mortgages being taken over terms of 35 years or more. Find out about the pros and cons of longer mortgage terms.

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.

The government has pledged £5m to help boost the number of green mortgages available to homebuyers.

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.

Most mortgage applications go without a hitch, but there are times when applications are refused, leaving buyers or homeowners wondering which way to turn. The good news is that once you know the reasons why a mortgage might be declined you can work on boosting your chances of being accepted.

There are nearly 200 interest-only mortgages for borrowers to pick from, according to recent research, nearly double the number available in 2013.

Five-year fixed rates were the product of choice in April, reported the Times this weekend, with 45% of all borrowers opting for protection against the possibility of rising rates.

Tesco Bank last week became the latest lender to pull out of the UK mortgage market, blaming “challenging” market conditions.

MPs have set up an all-party parliamentary group (APPG) to explore ways to help mortgage prisoners who are stuck paying high interest rates because they’re unable to switch to better deals.

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

One in six parents who remortgage use it as an opportunity to provide financial support to their children, according to research.

Not sure whether to remortgage? Here are five reasons why it could be a good idea for you to find a new mortgage deal:

The financial press took a look at the pros and cons of longer mortgage terms this weekend, following research produced by Santander that suggested almost half of buyers would consider taking a mortgage over a period of 40 years.

More than a quarter of a million homeowners will reach the end of their interest-only mortgages in the next five years but could struggle to remortgage, according to new research.

The building society said that it had launched its later life mortgage range in response to growing demand for borrowing into retirement, brought about by demographic and social changes.

This weekend’s financial press highlighted the variety of new products coming on to the market, as lenders look for new and interesting ways to attract borrowers.

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).

UK house prices edged higher in March, according to Nationwide, rising by a modest 0.2% during the month as ongoing Brexit uncertainty continues to take its toll.

Thousands of “mortgage prisoners” who are trapped paying high mortgage rates may soon be able to move to better deals under proposals announced by the Financial Conduct Authority (FCA).

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.

Here’s our rundown of the top financial goals you’ll need to focus on and some of the ways y

Political and economic uncertainty has failed to dent first-time buyers’ enthusiasm, latest UK Finance figures show, with numbers reaching a 12-year high in 2018.