News & Insights

Mortgage rates continue to fall

Several lenders have recently reduced their mortgage rates, benefiting homeowners looking to remortgage so they can reduce their monthly outgoings.

June 5, 2020

Mortgage payment holiday scheme extended

Homeowners who have taken mortgage payment holidays to help them weather the financial impact of coronavirus may be able to extend their breaks by three months, the Financial Conduct Authority (FCA) has confirmed.

June 4, 2020

What would negative interest rates mean for your mortgage?

The Bank of England is reviewing whether to cut interest rates to less than zero to help stimulate an economic recovery, but has said it won’t act until it has fully assessed the impact of doing so.

June 1, 2020

Mortgage market update - Lenders re-introduce deals

Now that the property market has restarted again, lenders are busy working through the backlog of mortgage applications they put on hold when physical valuations had to cease during lockdown.

May 27, 2020

Property market re-opens for business

Thousands of homebuyers who had to put their moves on hold when the country went into lockdown at the end of March can now proceed with their plans

May 26, 2020

7 myths about switching your mortgage

There are lots of reasons you might not have switched your mortgage yet, but are they actually myths? We look at the top reasons why you may not have remortgaged yet and why it might be a good idea...

May 15, 2020

Mortgage market update - What happens next?

Recent weeks have proved a rollercoaster ride for the mortgage market, with several lenders withdrawing products and then expanding their ranges.

May 14, 2020

Base rate held at 0.1%

The Bank’s Monetary Policy Committee voted unanimously to hold the rate at its current record low, to help support economic activity during the coronavirus pandemic.

May 11, 2020

House price growth up 3.7% pre-pandemic

Annual house price growth rose by 3.7% in April, according to Nationwide’s latest house price index, the highest rate of annual growth for more than two years.

May 7, 2020

Lenders revise affordability criteria for those affected by Covid-19

Some mortgage lenders have announced changes to their affordability criteria to give more clarity for those who have been furloughed due to coronavirus, or those who receive a variable income which includes bonuses.

May 6, 2020

Mortgage market starts moving again

Lenders have gradually started to expand their mortgage ranges, after temporarily withdrawing some of their products when the lockdown was introduced.

May 1, 2020

One in seven takes mortgage payment holiday

Lenders have now given over 1.6 million payment holidays to support customers affected by the coronavirus outbreak.

April 29, 2020

One in nine takes mortgage payment holiday

More than 1.2m homeowners have been offered mortgage payment holidays by their lenders to help them weather the financial impact of coronavirus.

April 24, 2020

Should I switch to a new mortgage deal with my existing lender?

Keeping mortgage costs to a minimum is likely to be a priority for most people during this difficult time and moving to a new deal with the same lender may be one way to reduce monthly payments.

April 21, 2020

Credit scores protected during mortgage payment holidays

Taking a break from mortgage payments won’t affect your credit rating, credit reference agencies have confirmed, providing peace of mind for those struggling financially due to the coronavirus outbreak.

April 15, 2020

Home-movers advised to delay plans

Home-movers are being advised by the Government to put their plans on hold wherever possible whilst measures are in place to fight coronavirus.

March 30, 2020

Base rate cut to record low

The Bank of England cut the base rate again on Thursday to just 0.1%, its lowest ever level, in a bid to support the economy during the coronavirus crisis.

March 24, 2020

Help With Mortgage Costs

The Government has announced that homeowners struggling with mortgage costs may be able to claim a three month “holiday” from their payments.

March 20, 2020

Nationwide to offer interest-only mortgages

Nationwide, the UK’s largest building society, will soon re-enter the interest-only mortgage market - but only high earners will be eligible.

March 17, 2020

Budget 2020: How it affects the property market

Although much of this week’s Budget speech focused on measures to protect people and businesses from the economic impact of the coronavirus, there were several announcements on property.

March 16, 2020

Interest rates cut back to lowest level in history

The Bank of England slashed the base rate by half a percentage point to just 0.25% on Wednesday to help shore up the economy during the coronavirus outbreak.

March 13, 2020

Housing market update

A New Homes Ombudsman, Help to Buy numbers, leasehold reforms and house prices

March 9, 2020

House price growth in UK cities nears three-year high

House prices in all English cities have finally surpassed price levels recorded at the last peak in 2007, with prices across the UK approaching a three-year high.

March 3, 2020

SVR Watch - March 2020

March 2, 2020

Overpaying your mortgage

Paying off your mortgage early is a pretty appealing prospect for most people, so it’s little wonder that many of us plough any cash we don’t have an immediate need for back into our homes.

February 28, 2020