Nationwide Building Society has become the latest lender to offer mortgages with 5 per cent deposits, and is offering the lowest interest rate yet. It is the largest bank or building society to bring back a 5 per cent product, and the is doing so at the lowest rate available, 3.49 per cent. Nationwide is … Read more
First-time buyers are more likely to be rejected for a mortgage than they were before the pandemic, a new study has found. Only one in five prospective first-time buyers were able to get a mortgage on their first attempt, according to Aldermore Bank’s annual survey of people who have got on the housing ladder. This … Read more
Mortgage borrowing reaches record £11.8billion high in a month as housing market is fuelled by stamp duty holiday and low mortgage rates Figures show net mortgage borrowing is at the highest since records began Housing experts say home owners are taking advantage of low mortgage rates The break from stamp duty is also sending borrowing … Read more
Mortgage borrowing reaches record £11.8billion high in a month as housing market is fuelled by stamp duty holiday and low mortgage rates Figures show net mortgage borrowing is at the highest since records began Housing experts say home owners are taking advantage of low mortgage rates The break from stamp duty is also sending borrowing … Read more
Home loan for LESS than 1%: Lowest rate in a year, new 95% deals for first-time buyers… Are we in for a mortgage price war? Hinckley & Rugby BS has a two-year discount variable mortgage at 0.99% Meanwhile, a raft of state-backed 95% mortgages went live on Monday Experts say the surge in offers is … Read more
Nationwide lets first-time buyers borrow 20% MORE as it raises mortgage limit to 5.5 times salary – but they must lock in for five years UK’s second-largest mortgage lender changes loan-to-income calculation – but only for first-time buyers fixing their rate for between five and 10 years They will be able to borrow 5.5 times … Read more
I am a first-time buyer, and have just made an offer on my dream property. The seller accepted, and I began my mortgage application. I had already passed the lender’s affordability checks for the size of loan I require. However, I have now hit a bump in the road. A surveyor visited the property to … Read more
A significant number of homeowners could be overpaying for their home insurance because they bought a policy from their mortgage provider, instead of searching for the best deal. Almost a third of homeowners have taken out an insurance policy through their mortgage provider at the time of their house purchase, according to research by Compare … Read more
Missing a mortgage payment is something most homeowners would never dream of doing but often it can be taken out of their control. Throw an illness, family emergency or global pandemic into the mix, and paying the monthly balance can quickly become a struggle. This is especially true for those without significant savings. Currently, 43 per cent … Read more
Pandemic property boom drives mortgage approvals up 38% on long-term average, Bank of England data shows Mortgages for new home purchases 38% above 10-year average in February Approvals dipped slightly compared with January but could surge again following the extension of the stamp duty tax holiday and first-time buyer boosts People borrowed £6.2bn against their … Read more