Mortgages and Property News

A mortgage industry overwhelmed by buyer demand and coping with staff shortages due to the pandemic will increasingly rely on flash sales, offering mortgage deals for as little as one day.That’s the...

The average rate for a two-year fixed mortgage for a buyer with a 10% deposit has risen from 1.97% in February to 3.32% last month, adding significantly to the monthly mortgage payments of first-time...

Prospective homeowners are waiting weeks for lenders to process their mortgage applications, as the stamp duty relief and desire for more space at home propel record numbers of queries.Halifax...

Homebuyers and remortgagers with a 10% deposit or equity will struggle to qualify for a mortgage, as all but one 90% LTV deals have vanished from the market.Lenders have yanked nearly all...

The Financial Conduct Authority (FCA) has confirmed that mortgage holidays will end by 31 October 2020 and that any support homeowners receive beyond that point will be marked on their credit files.As...

Nearly one in 10 UK homeowners has remortgaged to cope with financial pressures caused by the coronavirus pandemic and lockdown, according to a survey from NatWest.NatWest, the country’s third-largest...

TSB launched a low-deposit mortgage this morning, but unfortunately, you’ve already missed out.The five-year fix was available for first-time buyers with a 10% to 15% deposit, a segment of the market...

Aspiring homeowners will now be able to buy just a 10% stake of a property and rent the rest after the government overhauled the rules for shared ownership schemes to lower the barrier of...

Two major banks have restricted the amount they will lend to homebuyers, further limiting options for mortgage seekers.Barclays has quietly capped the amount it will lend in mortgages to 4.49 times...

HSBC has become the latest bank to curb highly-leveraged lending, amid economic uncertainty and a flood of applications.While the bank has not pulled its 90% loan-to-value (LTV) mortgages from the...