Mortgages

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.

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

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).

NatWest and Nationwide have announced substantial increases in interest rates, and the withdrawal of several mortgage products.

HSBC, which accounts for nearly a quarter of the home loans market, has withdrawn all of its residential, buy-to-let and business mortgage deals.

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

First-time buyers in Scotland paid less for a deposit in Q1 than the last three months of 2022, according to new data from TSB.

Recent inflation figures have pushed lenders to consider increasing fixed-rate mortgages to 5% and above.

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

Skipton Building Society is set to offer 100% loan-to-value (LTV) home loans for the first time since the 2008 financial crisis, targeting first-time buyers unable to save for a deposit.

The Financial Conduct Authority (FCA) has set out ways for mortgage firms to help customers worried about or already struggling with mortgage payments.

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

It has been predicted that millions of families are set to see their annual mortgage payments rise by an average of £5,100 between now and the end of 2024, according to new analysis published by the Resolution Foundation. With the low-interest rate era firmly at an end – the Bank of Engl

Over ten banks and building societies have removed over 1000 mortgage products and limited other products amid economic uncertainty and fear of an imminent interest rate hike.

Demand for financial advice has risen greatly as many struggle to meet mortgage debt payments, a charity has warned. Citizens Advice Scotland (CAS) has seen a big increase in traffic to their website pages for advice on mortgage debt. From June 2021 to June 2022 the views of the webpages 'Schemes th