Mortgages

1-15 of 19 Articles
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The UK's largest banks have become engaged in a fierce competition to attract borrowers, resulting in significant cuts to mortgage rates. Halifax, HSBC UK, Barclays, Santander, Natwest, and Yorkshire Building Society are among those who have lowered their fixed-rate deals this week.

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Miller Homes has teamed up with Own New to offer reduced mortgage rates for buyers of new build homes in Scotland. The 'Own New Rate Reducer' product enables customers to lower their interest rate for the initial mortgage term on a new Miller home while owning 100% of the property. It has been launc

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A forthcoming report from the Building Societies Association (BSA) highlights the urgent need for substantial changes in the current housing market to facilitate the entry of prospective first-time buyers onto the property ladder, without compromising the prospects of future generations of homebuye

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UK Finance has unveiled its housing and mortgage market forecasts for 2024 and 2025, alongside a review of 2023 showing that the UK mortgage market has experienced significant pressures in 2023 due to rising interest rates and increasing household costs.

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August saw an increase in net borrowing of mortgage debt by individuals, marking the fourth consecutive month of growth, with a significant rise to £1.2 billion, up from July's £0.2bn. In contrast, the UK observed a decline in net mortgage approvals for house purchases, dropping to a six

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A significant drop in the number of interest-only (750,000) and part-interest-only (245,000) mortgages has been recorded by the Financial Conduct Authority (FCA).

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An unprecedented number of first-time home buyers have committed to mortgage terms of 35 years or longer due to escalating costs, UK Finance data indicates. In March, 19% of all first-time buyer loans were for periods of 35 years or more, marking the highest proportion since 2005 and more than doubl

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Nationwide Building Society has taken a step towards promoting green home improvements by offering 0% interest on Green Additional Borrowing products. Available from 1 June, these new borrowing options aim to incentivise up to 5,000 mortgage members to make energy-efficient modifications to their ho

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UK mortgage lending is expected to fall slow sharply in 2023 with just 0.7% growth due to rising mortgage rates and falling real household incomes, according to the latest EY ITEM Club Outlook for Financial Services. This comes after lending is projected to rise 4% this year, following strong demand

1-15 of 19 Articles
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