Mortgages plunge to cheapest on record: Average rates on two-year fixed deals fall below 2% By James Salmon for the Daily Mail Published: 21:50 BST, 13 July 2020 | Updated: 21:50 BST, 13 July 2020 Mortgages are at their cheapest on record with average rates on a popular two-year fix falling below 2 per cent. … Read more
Is the mortgage freeze starting to thaw? Nationwide and Coventry BS bring back small deposit deals after stamp duty cut gives the property market a boost Nationwide and Coventry set to reintroduce 90% loan-to-value deals Most low deposit deals were cut in the wake of the coronavirus lockdown This comes as experts predict housing market … Read more
Five-year fixed rate mortgages are nearly as cheap as two-year deals – but should you lock in for longer? Gap between two and five-year fixes shrinks to smallest margin in seven years 10-year fixed rates are also getting cheaper as lenders fight for customers Two-year fixed rates are still dropping but at a much slower … Read more
Watchdog warns banks to treat their customers fairly as they hike the cost of mortgages but slash savings rates By Daily Mail City & Finance Reporter Published: 21:51 BST, 9 April 2020 | Updated: 22:04 BST, 9 April 2020 Interim FCA boss Chris Woolard said he is looking into concerns that banks are not passing … Read more
Banks pull half of their mortgages in just over three weeks in biggest cull since the last financial crisis By Miles Dilworth For The Daily Mail Published: 22:01 BST, 7 April 2020 | Updated: 23:06 BST, 7 April 2020 Banks have cut half of their mortgage products in just over three weeks in the biggest … Read more
A couple who were poised to move their dream countryside home have been left paying two mortgages after their house sale collapsed amid the coronavirus crisis. Kath and John Fallon live in a three-bedroom semi-detached end of terrace in Lincolnshire, which they were planning to sell to a young couple for £167,000 today. They bought … Read more
Two of Britain’s biggest banks have pulled new mortgages for all but those with the biggest deposits or sizeable equity in their homes. Barclays and Halifax have both stopped selling all mortgages above 60 per cent loan-to-value this week, as the housing market grinds to a halt amid the coronavirus outbreak. The move triggered by … Read more
Physical health is at the top of all our minds, but coronavirus could have a severe impact on your financial health too. It is crucial that you prepare for the coming months to ensure your finances are as insulated as they can be from the fallout. The good news is that many institutions such as … Read more
With the emergency base rate cut, a Budget and markets crashing amidst the escalating coronavirus crisis, many will be worried about how this chaos will hit their finances. In theory, mortgage holders with tracker deals and most of those on standard variable rates and discount rates should see a slight reduction in their monthly bills … Read more
More choice for older borrowers looking for retirement interest-only mortgages By Money Mail Reporter For The Daily Mail Published: 22:00 GMT, 25 February 2020 | Updated: 09:09 GMT, 26 February 2020 Older borrowers now have more retirement interest-only (Rio) mortgages to choose from. There are 18 providers offering 74 deals — up from just 36 … Read more