For many council tenants in England, the dream of owning their home is closer than they might think, thanks to the Right-to-Buy scheme. Introduced in the 1980s under the Housing Act, this government initiative allows eligible tenants to purchase their council home at...
When it comes to financing property in the UK, whether you’re purchasing your dream home or investing in a business premises, the type of mortgage you get will shape your financial commitments for years to come. In this blog post, we’ll compare residential and...
The average London price increased 3.5% to £543,308, its highest since November 2022, when it was £545,568. Falling mortgage rates have driven house prices to a new all-time high, according to fresh data from big lender Halifax released today. The average price of a...
One mortgage provider predicts that house prices might climb dramatically next year since declining interest rates will increase buyers' borrowing capacity. Based on latest data from the Office for National Statistics, MPowered Mortgages projects a significant...
The news arrives as average rates for two- and five-year mortgages begin to rise. For the first time in three months, the average rates for the two most popular loan terms have gone up. The average rate for a two-year mortgage increased from 5.36% to 5.37% since last...
Several major banks have recently updated their mortgage policies. Martin Lewis’s Money Saving Expert team has highlighted a crucial change for Halifax and Lloyds borrowers. These banks now allow customers to lock in a new mortgage rate only four months before their...
This week, major lenders like NatWest, HSBC, and Barclays have lowered their mortgage rates, with Coventry Building Society and Halifax joining in with similar reductions. Halifax also announced increased borrowing limits for first-time buyers. These rate cuts are...
In July, the number of completed remortgages surged by 20% compared to June, with nearly half of borrowers opting for a five-year fixed rate, according to the latest LMS Monthly Remortgage Snapshot. The report showed that the five-year fixed rate emerged as the top...
