News & insights - Remortgage

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M&S Bank has launched its first mortgage range, which includes fixed and tracker deals for those moving home or remortgaging, as well as for first-time buyers.

Annual mortgage statements will be landing on doormats across the country this January, but don’t just file yours away without checking your current rate.

Mortgage lenders began the New Year with a bang, offering a string of rate cuts, the Times reported this weekend.

Many people put sorting out their finances at the top of their list of New Year financial resolutions, and reviewing your mortgage can be a great place to start.

Here’s how lenders are reacting to the Bank of England’s decision to cut Base Rate. We’ll keep updating this page as news comes come in.

With rates edging up over the last few weeks, the Times looked this weekend at what borrowers can do to secure a competitive deal while they are still available.

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As expected, this weekend’s financial news focused largely on the first increase in the Bank of England base rate for more than 10 years.

The Bank of England has raised the base rate for the first time in more than a decade, meaning higher mortgage costs for millions of homeowners on variable rate deals.

Several lenders have increased their fixed rates over the last couple of weeks, so anyone hoping to secure one of the best deals should act fast while they are still available.

This weekend's financial press urged readers to grap a cheap fixed rate deal before they're gone. At least 10 lenders have already raised mortgage rates this month.

There was one main talking point in this weekend’s financial press – the rumble of an approaching base rate rise.

Predictions for an imminent rise in interest rates continued this weekend, with the Times and Sunday Times warning homeowners sitting on their lender’s Standard Variable Rate not to hold off any longer.

With the markets predicting the first interest rate rise in 10 years, possibly as early as November, this weekend’s financial press urged borrowers to take action.

As the end of the year approaches, mortgage lenders are keen to secure as much new business as possible, and this weekend’s financial press looked at the current crop of enticing deals.

With new lending rules for portfolio landlords coming into force at the end of this month, the Times and Sunday Times looked at the likely impact on borrowers.

Increasing numbers of homeowners are opting to stay put rather than move up the property ladder, according to research by the Council of Mortgage Lenders (CML).

The Guardian and Times both reported this weekend on newly released Government figures, which show that a million Help to Buy ISA accounts have been opened since December 2015. These accounts, they suggest, have helped struggling First-Time Buyers save £1.8bn.

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The Times looked at interest-only mortgages this weekend, and in particular borrowers who do not have a repayment strategy in place.

The spotlight in this weekend’s financial press was very much on newly announced Government plans to tackle the issues surrounding leasehold houses.

Mortgage lending reached £22.1 billion in June, up 9% on the previous month, but the challenging economic situation could dampen activity going forward.

Lenders will have to adopt a more uniform approach to mortgage stress tests, following a clarification of the rules by the Bank of England’s Financial Policy Committee (FPC).

If you own property you rent out, make sure you aren’t paying more than you need to for your buy to let mortgage. Just as those with residential mortgages should regularly review their mortgages to see if they can cut costs, landlords should also check whether remortgaging could reduce their monthly payments...