The latest news and information on mortgages, the property market and other financial matters.
Mortgage lending went up in May despite the rising cost of living, with many people eager to secure a competitive interest rate on their mortgage. There has been a rise in mortgage lending in the last eight months as borrowers rush to lock in low interest rates....
Surging property prices during the pandemic have meant that housing affordability is now at its lowest level on record according to Halifax. House prices have risen by 16.8% since the start of the pandemic according to Halifax. The lender says that average incomes...
You may have seen the recent media headlines about mortgage affordability tests being withdrawn from August. In reality, this isn’t as significant as it may seem. The Bank of England’s Financial Policy Committee (FPC) has announced it will withdraw its affordability...
Another base rate rise has just been announced by the Bank of England. Find out what this means for your mortgage. The Bank of England has just announced that it is increasing the base rate from 1% to 1.25% in a bid to fight inflation. The rate is now the highest it’s...
Property prices increased slightly again last month, but the market is expected to cool in the coming months. The housing market has seen further growth, with prices rising by 1% in May, according to Halifax. This marks the eleventh consecutive monthly rise, with the...
Some property experts are predicting that the housing market will slow down, but the crash previously anticipated by experts when Brexit and the pandemic took effect clearly hasn’t happened. However, rising living costs may impact the market. A housing market crash...
The government’s new 95 Per Cent Mortgage Guarantee Scheme launched on Monday 19 April 2021. The aim of the scheme is to make more 95 per cent mortgages available to those with smaller deposits. First-time buyers can apply but you don’t have to be one to be eligible.
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