Mortgage Rates Plunge: A Timely Opportunity for UK Borrowers
UK mortgage rates have fallen to their lowest since September 2022, offering significant savings. This competitive market is a welcome development for diverse borrowers, including first-time buyers and those with complex finances.
BoE Rate Cuts to End at 3.5% by Mid-2026: Mortgage Outlook for UK Borrowers
The OECD forecasts the Bank of England will conclude rate cuts at 3.5% by mid-2026, offering limited mortgage relief. Borrowers, especially contractors and first-time buyers, should expect a stable but cautious market.
Budget 2025: Reeves’ Property Tax Hikes – What UK Homeowners & Landlords Need to Know
Chancellor Rachel Reeves’ Budget 2025 unveils a ‘mansion tax’ for properties over £2 million and increased income tax on rental earnings, impacting UK homeowners, landlords, and those navigating complex financial situations.
Low-Deposit Mortgages Soar to 22.1% Amid Affordability Challenges – Barclays
UK First-Time Buyers are increasingly turning to lower-deposit mortgages and external support to achieve homeownership, as highlighted by Barclays’ latest property insights amidst ongoing affordability challenges.
GDP Slips to 0.1% as Jobs Weakens, Borrowers Could Benefit from a Sixth Rate Cut Before Christmas
UK GDP grew just 0.1% in the three months to September—half of what analysts predicted. The slowdown, paired with a cooling jobs market, increases the likelihood of another base rate cut in December, which could reduce mortgage costs for borrowers.
HSBC Lifts Borrowing Limit to 6.5× Salary – But Only for £100k+ Earners
HSBC has raised its mortgage lending cap to 6.5× annual income, up from the standard 4.5× limit, giving high earners access to over £200,000 in additional borrowing power. However, the offer is only available to Premier customers earning £100,000 or more, highlighting growing competition among lenders as rate cuts edge closer.
Bank of England Holds at 4%! Borrowers Could Save Up to £3,500 on a Tracker Mortgage
The Bank of England has kept interest rates at 4%, as inflation steadies at 3.8%. Borrowers now face a narrow window to secure favourable mortgage deals before potential cuts reduce rates further.
UK Mortgage Price War Returns: Major Banks Cut Rates to Revive Market
A new mortgage price war has erupted ahead of the November Budget, with major high street lenders cutting fixed-rate deals to attract borrowers amid a subdued housing market. Falling swap rates and gilt yields have allowed banks to reduce borrowing costs, fuelling fresh competition across the sector as lenders vie for new business.
Steady 3.8% Inflation Sparks 70% Odds of Bank Rate Cut Before Christmas
Markets now predict a 70% chance of a Bank of England rate cut before Christmas after inflation unexpectedly held at 3.8% for a third consecutive month. The steadiness in prices has renewed hopes that borrowing costs could begin easing as early as December.