News & insights - Remortgage

Thinking about a new kitchen or adding an extension to your property in 2019? If so, you can’t start planning soon enough.

Around 140,000 homeowners who are stuck paying high interest rate mortgages could soon find it easier to move to cheaper deals, under plans announced by the Financial Conduct Authority (FCA).

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

The financial press reported this weekend on plans by the Financial Conduct Authority (FCA) to change affordability rules for ‘mortgage prisoners’.

January is often the month when many of us decide to sort out our finances, and reviewing your mortgage should be top of the list.

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.

So-called ‘supersized’ mortgages have hit the headlines following the launch of a new mortgage enabling professionals to borrow up to six times their salary.

One in five mortgage holders believe they will still be paying off their mortgage beyond the age of 65, according to new L&C research.

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?

First-time buyer numbers in August reached their highest level since June last year, with a total of 35,500 mortgages completed.

The Chancellor Philip Hammond will unveil his Autumn Budget on October 29th, with many speculating that he could announce a range of measures affecting the property market.

Customers who remain loyal to their financial providers are losing out on more than £4bn a year, equivalent to almost £900 per household, according to Citizens Advice.

The number of self-employed people in the UK continues to grow, but getting a mortgage if you work for yourself isn’t always straightforward.

The challenges of achieving home ownership were highlighted once again this weekend, with the Financial Times reporting on recent figures published by the Office of National Statistics.

Growing numbers of lenders are launching Help to Buy mortgages, increasing the options available to buyers of new build properties.

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

This year’s Gas Safety Week, which runs from September 17-23, aims to raise awareness of the dangers of poorly maintained gas appliances, which can cause fires, explosions, gas leaks and carbon monoxide poisoning.

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 base rate has risen from a record low of 0.25% to 0.50%. Here’s our live rundown of how lenders are reacting to the rise.

The Financial Times reported this weekend on the increase in the number of Retirement Interest Only (RIO) mortgages coming onto the market, as lender confidence in this type of product grows.

House prices picked up last month, according to Nationwide’s latest house price index, with annual growth up from 2% in June to 2.5% in July.

Nearly 60 lenders have committed to help homeowners who can’t currently remortgage to a cheaper deal because of stricter affordability checks.

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.