News & insights - Mortgage types

The number of lenders offering offset mortgages is shrinking, but borrowers can still find competitive deals if they’re keen to keep interest costs down.

If you’re self-employed and looking to remortgage or buy a property soon, it’s worth submitting your 2024/25 tax return early so that it doesn’t delay your mortgage application.

More older adults are turning to mortgages which run into retirement to manage their finances, new data shows.

The number of outstanding interest-only mortgages declined sharply last year, according to UK Finance, falling by nearly a fifth.

Landlords who’ve improved the energy efficiency of their properties could be paying more for their mortgages than they need to, due to failing to take advantage of preferential green mortgage rates.

Several lenders have made their mortgages more accessible in recent weeks, boosting borrowers’ chances of buying a home.

First-time buyer and home mover numbers were up by almost a third in the final three months of last year compared to a year ago, according to UK Finance , making 2024 a better-than-expected year for the mortgage market.

First-time buyers with a smaller deposit to put down can now purchase a flat using the £5k Deposit Mortgage from Yorkshire Building Society and Accord (Yorkshire’s Intermediary arm).

House prices reached a new record high in January, according to the latest Halifax House Price Index, despite annual growth slowing to 3%, the slowest rate seen since July.

The New Year has seen a sharp spike in UK borrowing costs, leaving many homeowners and buyers wondering what impact this will have on mortgage rates.

It’s no secret that sending your children off to university is an expensive endeavour, and if you’re rattling around in a house which now feels empty, you may be wondering if downsizing could give you some extra financial freedom.

Mortgage holders and private renters have experienced the highest annual inflation rates, according to the Office for National Statistics (ONS), due to rising interest rates pushing up monthly payments.

Given the costs associated with buying a new home, cashback can really help boost the appeal of a deal, with the amounts offered typically ranging from a couple of hundred pounds to as much as a few thousand. Cashback tends to be offered as a set lump sum, but can also be a percentage of the amount you are borrowing.