The Mortgage Co's Media Coverage
More lenders expected to follow suit as anxious homeowners reach end of fixed deals
Investors believe rates have peaked at 5.25pc and will drop to around 3.5pc in years ahead
November witnessed a 0.2% increase in UK house prices, the most significant annual improvement since February 2023.
Across the UK, the average property cost £258,557 in November.
House prices unexpectedly rose again last month as the mortgage market became more affordable, a closely-watched survey showed.
The rate war drum is now becoming louder by the day, Contractor Mortgage Services director, Ken James, has said following recent rate reductions from both NatWest and Halifax.
HMRC’s latest statistics show a downturn in UK residential property transactions in October 2023 compared to last year, while non-residential transactions saw a modest increase from September.
NatWest now offering a 2-year fixed remortgage from 4.87%.
Nationwide’s slashed rates means price war goes on to end of year
Fragile client confidence and elevated borrowing costs were often cited as reasons for weaker sales.
High street lender reintroduces two-year fee saver and cuts selected rates
Lenders, such as Virgin Money, are exploring new types of mortgage deals amid a period of high-interest rates.
Hesitancy from buyers may be leading to stagnancy in the mortgage market as “there’s very little incentive to buy now”, Self Employed Mortgage Hub founder, Graham Cox, has argued.
Brokers speaking to free UK news agency, Newspage, welcomed the news, specifically the timing as a lot of 2-year fixed rates are due to mature in the fourth quarter.
The Society is reducing all buy-to-let fixed rates for new and existing borrowers.
Coventry Building Society will be cutting fixed mortgage rates across its residential and buy-to-let ranges.
Over the past month or so, lenders have been reducing their fixed rates in an effort to stimulate the purchase market, which one broker has described as “stagnant” — a…
With many prospective buyers gambling on further house price falls, will fortune favour the patient — or the bold?
Brokers told Newspage the rates will see 5-year fixed money continue to improve, with a 4.73% 5-year fixed rate with a £999 fee — and that 2-year fixed deals are also edging ever closer to 5%.
While there remains interest in buy-to-let borrowing from landlords and aspiring investors, making the sums add up is “virtually impossible” in many cases, according to mortgage brokers.
Halifax’s latest fixed rate cut is a “lifeline for first-time buyers”, The Mortgage Expert’s Darryl Dhoffer has claimed.
Protection experts have warned that an increasing number of people are ignoring or even cancelling protection policies due to rising mortgage payments.
Net mortgage approvals for house purchases fell to 45,400 in August, the lowest level for six months, the latest figures have shown.
Brokers have contradicting views on whether three-year fixes are taking over
A drop in mortgage transaction volumes has seen a “better turnaround” for current clients, brokers have said as they praise the service currently being offered by lenders.
Brokers expect more home loan reductions with offerings at lowest prices for several months
The rates change from tomorrow - September 21 - and mean reductions of up to 20 per cent on selected two and five-year switcher deals
Virgin is now offering a range of two-year buy-to-let rates below 5%.
Accord have also today announced another wave of fixed rate cuts across their residential range, with up to 0.48% off their highest loan-to-value products.