Financial markets have factored in a 60% probability of a mortgage interest rate cut on Thursday, with industry leaders optimistic that lower borrowing costs could stimulate home sales. According to the Bank of England, the UK saw a “broadly stable” number of mortgage...
Experts think cuts could accelerate if inflation statistics this week are lower than projected. Multiple mortgage lenders, including Santander and TSB, are dropping rates again as price cuts continue. Starting today, Santander is lowering fixed rates by up to 0.14...
The average monthly payment has increased by 61% since 2019, prompting borrowers to choose for smaller properties or longer loan periods. Since the last general election, the monthly mortgage cost for first-time buyers has increased by more than 60%, now over £1,000...
Are you a Nationwide or Santander mortgage holder? Well, brace yourself; you’ve got a shorter window now to secure a new rate before your current deal expires. The previous six-month period for locking in a new rate has shrunk to just four months. This change means...
According to data from Nationwide, borrowers repaid £735 million of unsecured debts in April, marking a significant 25% increase compared to the previous year. The amount of transactions for debt repayment also rose by 14%. Housing costs continue to show the largest...
In a reversal of recent trends, two leading UK mortgage lenders have just unfurled the banner of rate reductions. After enduring a relentless climb in home loan expenses over the past three and a half months, the market is finally catching a break. Starting on the...
Investing in property can be a lucrative venture, but it requires careful planning and analysis to ensure success. One of the most valuable tools in a property investor’s arsenal is the mortgage calculator. These online tools allow investors to estimate their mortgage...
Choosing the right mortgage is a critical decision for property investors and homeowners alike. Whether you're considering venturing into the buy-to-let market or purchasing a property for personal use, understanding the differences between buy-to-let mortgages and...
