Borrowers who need a mortgage because their current fixed rate deal is ending, or they are buying a home, should explore their options as soon as possible. What if I need to remortgage? Borrowers should compare rates, speak to a mortgage broker and be prepared to act. Homeowners can lock in to a new deal … Read more
Nationwide takes Santander’s crown as the lender with the cheapest mortgage The catchy rate is only open to select borrowers with small mortgages By Sam Barker Updated: 16:13 BST, 23 September 2024 Nationwide is launching mortgages with rates below 4 per cent, with lenders increasingly cutting homeloan prices. The lender is launching a five-year fix … Read more
Parents who loan money for property purchases can end up battling their children’s exes to get it back unless they set up safeguards beforehand, warn lawyers. Relationship breakdowns can lead to conflict over money handed over not only to buy homes, but to pay for weddings and even fertility treatments, according to one law firm. … Read more
A surge of larger homes listed for sale in the last week has been reported by Rightmove, as sellers look to profit from buyers able to afford larger mortgages as rates fall. Britain’s biggest property portal revealed the number of larger detached houses (four bedrooms or more) coming to the market is now 15 per … Read more
Manchester is now the most popular location for first-time buyers outside of London, a study by Halifax has revealed. The mortgage lender analysed areas of the country outside of London where first-time buyers account for the biggest proportion of home sales. At a national level, first-time buyers accounted for 49 per cent of all homes … Read more
Mortgage rates will fall again from tomorrow after three major high street banks all announced they will be slashing home loan costs. This morning, HSBC, NatWest and Barclays all confirmed a wave of rate cuts that will benefit home movers, first-time buyers and those remortgaging. NatWest, which was first to announce cuts, said it will … Read more
Despite the monthly fall, it was the biggest annual rise since December 2022 By Ed Magnus Updated: 10:05 BST, 30 August 2024 House prices fell in August, according to the latest figures from Nationwide. Britain’s biggest building society said that while average prices dropped 0.2 per cent this month, they had increased by 2.4 per cent … Read more
First-time buyers could now be able to secure bigger mortgages when applying with Halifax. The mortgage lender announced today that it is making £2billion available for first-time buyers who need to borrow up to 5.5 times their annual income. To be eligible for what Halifax is calling its ‘First-time buyer boost,’ buyers will need a total … Read more
By Helen Crane Updated: 10:55 BST, 1 July 2024 House prices are climbing again, according to Britain’s biggest building society, but a North-South divide has emerged as high mortgage rates hit pricey southern homes. The typical house price increased by 1.5 per cent or £3,825 in the year to June, according to Nationwide – but … Read more
Homes ‘over-valued’ compared to what people earn and typical mortgage rates Prices to rise 1.5% this year, but wages set to go up to meet them, Zoopla says North-South divide emerging in house price growth By Helen Crane Updated: 00:01 BST, 28 June 2024 House prices are 8 per cent too expensive compared to people’s … Read more
