by mortgage-tek.co.uk | Sep 13, 2024 | Mortgage News |
Nationwide Stuns Market with Bold 0.25% Mortgage Rate Cut Nationwide Building Society is set to implement significant mortgage rate cuts from today, Friday, 13 September 2024, providing a substantial boost to first-time buyers and home movers. With reductions reaching...
by mortgage-tek.co.uk | Sep 6, 2024 | Mortgage News |
Mortgage Borrowing Hits Two-Year High as Interest Rate Cuts Revive Market Confidence Mortgage borrowing has reached its highest level in nearly two years, fueled by recent interest rate cuts. The Bank of England reported 62,000 mortgage approvals in July, the most...
by mortgage-tek.co.uk | Aug 29, 2024 | Mortgage News |
Halifax Raises Loan-to-Income Limit to 5.5x, Offering Greater Support for First-Time Buyers Halifax is making it easier for first-time buyers to get a mortgage with a new update starting Thursday, August 29. They are raising the maximum Loan-to-Income (LTI) limit to...
by Salah Ud Din | Aug 23, 2024 | Mortgage News |
Halifax Now Welcomes Non-Sterling Currencies for Mortgage Applications Halifax has done some significant changes and modifications to this new version of the product, to address the concerns of brokers and customers. The lender has expanded its list of acceptable...
by mortgage-tek.co.uk | Aug 16, 2024 | Mortgage News |
UK Inflation Rises to 2.2% in July, Marking First Increase of the Year. The UK’s inflation rate has risen for the first time this year. It is now 2.2% for the year to July. This little rise placed it slightly above the Bank of England’s 2% target. This...
by Salah Ud Din | Aug 9, 2024 | Mortgage News |
Interest Rate Cut Sparks 0.8% Jump in UK House Prices, Defying Economic Predictions House prices have risen slightly. In July, the average price was £291,268, according to Halifax, a top UK mortgage provider. This marks a 0.8% above the rate in June and which takes...
by mortgage-tek.co.uk | Aug 2, 2024 | Mortgage News |
The Bank of England cuts interest rates for the first time in more than four years. Base rate cut to 5% as inflation remains low and level-headed Borrowing costs are unlikely to decline sharply in several months, the Bank of England Governor said on Thursday, after...
by Salah Ud Din | Jul 26, 2024 | Mortgage News |
Lender Offers Mortgage Rates Below 4%, Sparking Optimism Mortgage rates drop as lender competition heats up before the Bank of England’s next rate decision. Â According to Moneyfacts, the average rate for a two-year fixed mortgage, which was nearly 6% at the...
by mortgage-tek.co.uk | Jul 20, 2024 | Mortgage News |
Mortgage Rates: How Do UK Interest Rates Impact You and When Will They Decrease? Interest rates influence mortgage, credit card, and savings rates for millions of people across the UK. In June, the Bank of England maintained rates at 5.25% for the seventh consecutive...
by mortgage-tek.co.uk | Jul 12, 2024 | Mortgage News |
About 400,000 homeowners can expect to pay more than 50% on their mortgages, according to the central bank's financial stability report. Approximately 400,000 homeowners are projected to see their mortgage payments rise by more than 50%, according to the central...
