Mortgage News

Is the dream of homeownership becoming unaffordable? And how much could monthly mortgage payments bite out of your salary?

Is the dream of homeownership becoming unaffordable?

Most of us know that the value of a home is affected by its size, location, and condition, but there are some more unexpected factors at play too. From the quality of your nearest drinking hole to the toys strewn on your child’s bedroom floor, there are a few things that can have a surprisingly big impact on your home’s selling price.

Most of us know that the value of a home is affected by its size, location, and condition, but there are some more unexpected factors at play too.

Using data unique to Moneyfacts, we’ve tracked how mortgage rates have changed since 16 December 2021, the day of the first of nine successive base rate increases. In addition we also reevaluate the impact on the mortgage market.

With a potential base rate rise scheduled this week, how have mortgage rates performed over the last year?

With talks of relaxing mortgage lending rules, could this help first-time buyers get on the property ladder? See more on how lenders are supporting first-time buyers.

With talks of relaxing mortgage lending rules, could this help first-time buyers get on the property ladder?

Generation Home reduced a range of its fixed rate mortgage options by up to 0.30% yesterday. So how does its new offering compare to the likes of Yorkshire Building Society and NatWest?

How does Generation Home's new offering compare to the likes of Yorkshire Building Society and NatWest?

The Bank of England’s Monetary Policy Committee (MPC) voted 6 to 3 in favour of maintaining the base rate at 5.25% for the second consecutive month.

The Bank of England’s Monetary Policy Committee (MPC) voted 6 to 3 in favour of maintaining the base rate at 5.25% for the second consecutive month.

Price reductions for UK properties are on the rise, with one in 20 listed properties reducing their asking price by 5% or more in April to mid-May. . By contrast, just one in 22 properties experienced this type of house price cut during the previous month, according to Zoopla, a real estate company.

Price reductions for UK properties are on the rise, with one in 20 listed properties reducing their asking price by 5% or more in April to mid-May.

As house prices continue to rise, saving for a house deposit is becoming increasingly challenging for many would-be homeowners, resulting in parents and grandparents gifting money to help towards the deposit

As house prices continue to rise, saving for a house deposit is becoming increasingly challenging for many would-be homeowners

The UK Government acts to extend mortgage terms for it's Help to Buy Equity Loan Scheme.

The UK Government acts to extend mortgage terms for it's Help to Buy Equity Loan Scheme

In the past month, first-time buyers with a 10% deposit or less will have seen the number of mortgage deals available to them fall by more than half

In the past month, first-time buyers with a 10% deposit or less will have seen the number of mortgage deals available to them fall by more than half

Over half (58%) of young adults surveyed by the mortgage broker, Trussle, revealed that they still live with their parents as financial circumstances prevent them from moving out and saving for a house deposit or being able to afford to live on their own

Over half (58%) of young adults surveyed by the mortgage broker, Trussle, revealed that they still live with their parents

Considering the challenges first-time buyers face, you might aim to help your adult children, or adult grandchildren onto the property ladder. So, below we have listed three things you should know.

Amid a challenging period for first-time buyers, parents and grandparents are increasingly stepping in to help.

The Bank of England’s Monetary Policy Committee (MPC) voted to increase the base rate by 50 basis points today.

The Bank of England’s Monetary Policy Committee (MPC) voted to increase the base rate by 50 basis points today.

Whether you’re trying to get on or move up the housing ladder, saving a suitable deposit is key. Indeed, moving down the loan-to-value (LTV) scale is often touted as the best way to secure a lower mortgage rate, yet it may not be that simple...

Whether you’re trying to get on or move up the housing ladder, saving a suitable deposit is key. Indeed, moving down the loan-to-value (LTV) scale is often...

With the total number of 95% loan-to-value (LTV) mortgage deals falling, while those on a 90% LTV are on the rise, first-time buyers may want to wait until they can save for a 10% deposit to take advantage of the better rates

With the total number of 95% loan-to-value (LTV) mortgage deals falling, first-time buyers may want to wait until they can save for a 10% deposit

As the Covid-19 outbreak continues, the financial strain of reduced working hours, living on statutory sick pay and redundancy will start impacting many consumers across the country

The financial strain of reduced working hours, living on statutory sick pay and redundancy will start impacting many consumers across the country

This week, the prospect for first-time buyers looking to get onto the property ladder increased as a number of mortgage lenders, including Nationwide and Metro Bank, announced they are reintroducing high loan-to-value (LTV) mortgage deals

This week, the prospect for first-time buyers looking to get onto the property ladder increased as a number of mortgage lenders

UK Finance predicted that the number of interest-only mortgages set to mature during 2020 would be 54,000

UK Finance predicted that the number of interest-only mortgages set to mature during 2020 would be 54,000

Bad news for potential buyers as the average house price rises rose by £27,000 last year. The latest UK House Price Index recorded average house prices up 10.8% in the year to December 2021. According to data from the Land Registry, it is the biggest gain in a calendar year since 2002.

Bad news for potential buyers as the average house price rises rose by £27,000 last year.

The mortgage differs from the competition by negating the need for a guarantor.

The mortgage differs from the competition by negating the need for a guarantor.

While market buoyancy is expected, this is the biggest monthly increase at this time of year since 2020.

While market buoyancy is expected, this is the biggest monthly increase at this time of year since 2020.

The traditional equity release lenders; Canada Life and Legal and General have been joined by high street names such as Nationwide Building Society, Santander, TSB and Lloyds Bank. We’ve compared equity release providers below to help borrowers decide if they prefer to use a high street name or a specialist lender.

The traditional equity release lenders; Canada Life and Legal and General have been joined by high street names

From building societies to digital providers, which banks have passed the latest base rate increase on to their savers?

From building societies to digital providers, which banks have passed the latest base rate increase on to their savers?

The entire UK property market is currently seeing huge demand from buyers as a result there has been more demand for bridging loans, mortgages and secured loans.

The Uk property market is currently seeing huge demand from buyers.

As mortgage affordability continues to be a major challenge, building societies offer different measures to help first-time buyers get on the property ladder.

Building societies are offering competitive rates and different measures to help first-time buyers get on the property ladder.

There was no change despite the Bank of England meeting its 2% target for inflation.

There was no change despite the Bank of England meeting its 2% target for inflation.

The stamp duty holiday is set to come to an end 31 March 2021. We explain the faster alternatives to access finance to buy a property before the deadline.

The stamp duty holiday is set to come to an end 31 March 2021. We explain the faster alternatives to access finance to buy a property before the deadline.

Nationwide Building Society is set to pull all its 90% and 95% loan-to-value (LTV) products from the market tomorrow, leaving many first-time buyers and homeowners looking for a mortgage at a high LTV struggling to find a competitive deal

Nationwide Building Society is set to pull all its 90% and 95% loan-to-value (LTV) products

First-time buyers who have been saving for a 10% house deposit will have seen the number of mortgage deals available to them fall by 40 overnight, with just 75 deals now available at a 90% loan-to-value (LTV)

First-time buyers with a 10% house deposit will see the number of mortgage deals available fall by 40 overnight, with just 75 deals now available at a 90% LTV

There are now over 5,000 mortgages on the market.

There are now over 5,000 mortgages on the market, but are deals getting any cheaper?

Finance expert at Moneyfactscompare.co.uk, Rachel Springall, takes a look at the first six months of 2019 to find out if consumers are better or worse off than if they had taken out a deal in January.

Who are the mortgage, savers and credit card winners and losers in the first six months of 2019?

The high loan-to-value market has been going from strength to strength in recent years, and the 90% LTV market in particular has seen a definite boost this month, with a huge jump in products and lower mortgage rates.

The high loan-to-value market has been going from strength to strength in recent years, and the 90% LTV market in particular has seen a definite boost this...

In just five months, the number of mortgage deals available to consumers has more than halved, falling from 5,222 on 1 March to just 2,526

In just five months, the number of mortgage deals available to consumers has more than halved, falling from 5,222 on 1 March to just 2,526

Mortgage borrowers financially struggling due to the Coronavirus pandemic and considering switching to an interest-only mortgage will find that the majority of deals offer an interest-only repayment option

Mortgage borrowers switching to an interest-only mortgage will find that the majority of deals offer an interest-only repayment option

Nationwide Building Society has announced that it is planning to extend its mortgage product range to include 90% LTV to support first-time buyers

Nationwide Building Society has announced that it is planning to extend its mortgage product range to include 90% LTV to support first-time buyers

It has become common for aspiring homeowners to turn to the bank of mum and dad to realise their dream of owning their first home

It has become common for aspiring homeowners to turn to the bank of mum and dad to realise their dream of owning their first home

Some UK towns and cities saw average property values increase by more than 15% over the last year, according to Halifax, the UK’s largest mortgage lender.

Some UK towns and cities saw average property values increase by more than 15% over the last year

The interest rates on mortgage deals aimed at first-time buyers with just a 5% deposit have fallen to their lowest level since records began in 2011

The interest rates on mortgage deals aimed at first-time buyers with just a 5% deposit have fallen to their lowest level since records began in 2011