Latest mortgage news


10 May 2016

Homeowners offered mortgages aged 85 as lenders raise age limits

The upper age limits for homeowners to be accepted for a mortgage have been increased by the Nationwide to 85 to meet Britain’s aging population.

30 Apr 2016

Homeowners can expect slowdown in UK house price growth, says Nationwide

UK house price growth was only 0.2% during the month of April with lower annual returns suggest a slowdown in the property market.

21 Apr 2016

Homeowners use equity release to unlock £393m from property in 2016

The Equity Release Council reports biggest quarter for homeowners borrowing from their property with £393 million of mortgages.

16 Apr 2016

London first time buyers will need £102,000 income for a home by 2020

By 2020 first time buyers in London will need a salary of £102,000 and a deposit of £138,000, says charity Shelter.

15 Apr 2016

Brexit could see mortgage rates rise and UK property prices fall

George Osborne has warned mortgage rates would increase if the UK leaves the European Union increasing the cost to homeowners.

14 Apr 2016

Mortgage lending increases by 21% with help from buy-to-let investors, says CML

The surge in buy-to-let investors ahead of the stamp duty tax has helped to increase mortgage lending to a new high in February.

12 Apr 2016

London house prices lower as the ONS revises their figures

The ONS have updated their index weighting reducing the average property price in London by £27,000 in February.

29 Mar 2016

Home affordability gap for cites widens to greatest level since 2008

Latest analysis from Lloyds Bank shows affordability in UK cities is the worst since 2008 and now require 6.6 times annual earnings.

22 Mar 2016

UK house price gap widens as South East and London lead the market

New data from the ONS shows the south East and London with double digit rise in house prices compared to the north widening the gap.

17 Mar 2016

Mortgage lending is up 30% with increased demand from homebuyers

Figures from the CML estimate a 30% rise in mortgage lending over the year as homebuyers seek to complete before the April deadline.

14 Mar 2016

Mortgage lending costs could rise with new international rules for lenders

Proposed changes to international banking rules for assessing credit risk would be detrimental to residential and buy-to-let mortgages.

10 Mar 2016

Remortgage lending surges in January, says CML

Data from the CML shows remortgage lending for homeowners and buy-to-let market rises significantly by numbers and value for January.

03 Mar 2016

UK house prices decreased slightly in February, says Halifax

Data from the Halifax shows house prices in the UK have decreased by 1.4% for the month to February although over the years prices remain 9.7% higher.

22 Feb 2016

Homebuyers are stretching to buy their homes with long term mortgages

The CML has said homebuyers are stretching their finances by selecting mortgage terms of greater than 25 years to afford their homes.

17 Feb 2016

Average UK house prices reach £288,000 with large regional differences

House prices are higher by 6.7% over the year and out of reach for many as London and the East are leading the regions.

11 Feb 2016

Buy-to-let investors surge pushes up home prices ahead of stamp duty tax

New stamp duty tax from April has seen a surge of buy-to-let landlords with the increase demand increasing the price of homes.

11 Feb 2016

Mortgage rates fall to record lows as interest rates not expected to rise

The Bank of England are unlikely to raise interest rates this year due to market forces sending mortgage rates for borrowers to record lows.

11 Feb 2016

Right to buy places 40% of homes on the private rental market, says MP report

An MP committee has found that 40% of ex-council homes sold using right to buy are now privately rented properties.

01 Feb 2016

London Help to Buy schemes offer attractive mortgage rates for new build homes

Lenders for the new London Help to Buy are offering mortgage rates as low as 1.55% to first time buyers and home movers.

25 Jan 2016

Fixed rate mortgages for five-years under 2% now offered by lenders

The HSBC have returned with a five-year fixed rate mortgage of 1.99 per cent with a high fee, but should you commit to such a long term?

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  • IMPORTANT

    Equity Release may involve a Lifetime Mortgage or a Home Reversion Scheme. To understand the features and risks, please ask for a personalised illustration. Equity Release may affect your entitlement to means tested state benefits and will impact on the size of your estate. For Equity Release London City Mortgages charge a fixed fee upon completion of £695. For Mortgages a fixed fee is charged on application. Typically this is from £295 up to £495 for the services selected.

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