FTBs turning to 35-year mortgages amid higher interest rates
One in five FTBs took out a mortgage of at least 35 years in 2023, compared with fewer than one...
Finance
Know the latest mortgage rates, broker announcements, personal finance and more about the wider mortgage sector as and when they happen in the Finance section.
Affordable options for FTBs dropped by 40% in 2023
The Specialist Lending Study found that 84% of all respondents say the current economic environment will make it harder for...
Households with mortgage face biggest rise in costs
Mortgagor owner occupier households had the highest annual inflation rate of 6.3%, reflecting increasing home loan interest payments, the Office...
Suffolk Building Society cuts expat residential rates
The lender’s expat residential two-year fixed rate mortgage, for both capital and interest repayments, has been cut to 5.59% from...
HSBC UK completed £23bln in gross mortgage lending in 2023
HSBC UK said the quality of its mortgage book remained strong, and the average loan-to-value on new lending was 65%,...
More2life launches flexible payment term lifetime mortgage
These products are designed to bridge the gap between mainstream mortgages, where all interest must be covered by the borrower...
NatWest profits jump 20%, hit highest level since 2007
High interest rates significantly impacted the housing and mortgage market in 2023, the bank says NatWest posted annual pre-tax profits...
Mortgage rates see biggest monthly drop since December 2022
Across all deposit sizes, the average two-year fixed-rate mortgage had a rate of 5.56% at the start of February 2024,...
Mortgage arrears and repossessions rise
There were 13,570 BTL mortgages in arrears of 2.5% or more of the outstanding balance in Q4 2023, 18% more...
Mortgage lenders, advisers want reversal of EPC changes
49% of mortgage lenders and 32% of advisers would welcome any decision to reverse the Energy Performance Certificate changes Mortgage...
