News Centre: Mortgages News

As the housing market continues to stagnate, first-time buyers will be forced to sit on the sidelines as mortgages are favoured towards established homeowners with significant equity, says Matt Griffith. The... read more

The number of buy-to-let mortgages taken out in 2011 increased by 84,000, according to new data. The figures, released by the Council of Mortgage Lenders CML, indicate that the second half of the year... read more

First-time buyers worried about the initial outlay of money and future risks of taking out a mortgage should look into the possibility of taking out a hybrid mortgage. A hybrid mortgage merges the benefits... read more

Although it is unlikely the Bank of England will increase interest rates in the near future, it is still wise to prepare. Mark Bower, managing director at moneymaxim.co.uk, said that while most people... read more

Just how much does it cost to live the American dream and enjoy that penthouse apartment compared to residing in the East end of London?... read more

With interest rates as they are, it is more cost effective to tackle outstanding debts before trying to build up savings. Although most people are aware of the need to pay off loans and credit cards before... read more

People are less willing to take a gamble on short-term fixed rate mortgages anymore. The popularity of longer-term fixed deals is growing as the uncertainty about when the interest rate will rise is leading... read more

In these challenging times, many homeowners have been left with the dilemma of whether to stay in their current place and invest in improving it or move up the property ladder. There is a case for doing... read more

Track and fix hybrid mortgages could be the ideal choice for many homeowners in the UK, according to MyMortgageDirect. John Charcol recently claimed that December was the strongest month yet for the hybrid... read more

Despite the base rate remaining low following the Monetary Policy Committee's decision to maintain it at 0.5 per cent for the 34th consecutive month, mortgage rates are on the up. According to independent... read more

First time buyers could soon receive a helping hand to assist them with getting on to the property ladder. According to the Building Societies Association BSA, initiatives are being put in place to ensure... read more

There are some really good mortgage deals available despite the current property climate. However, Catherine Hearnden, director at MyMortgageDirect, warned that many of the great deals are only good for... read more

The housing market is widely reported as being stagnant at the moment, but what can homeowners do if they are looking to sell up or move on? Miles Shipside, commercial director at Rightmove.co.uk, said... read more

Anyone hoping to get on the property ladder needs to go in search of the best savings rates to give them a decent chance of succeeding. This is according to spokesman for PricedOut Matt Griffith, who explained... read more

When it comes to looking for a cheap mortgage, buyers may want to avoid making a purchase in some London boroughs if new figures are anything to go by. Lloyds TSB has shed light on the most expensive addresses... read more

Cheap mortgages may have been difficult to come by over recent months, but new figures from Halifax suggest this could be about to change. Its First-Time Buyer Tracker Review shows that affordability is... read more

The majority of people will be aware of the struggle first time buyers face to get a foot on the property ladder. Headlines for the last few months have highlighted the plight of potential homebuyers,... read more

With so much doom and gloom surrounding the state of the economy, many young people could be forgiven for thinking they may never have the money to save up for their own home. However, Matt Hutchinson,... read more

Most people who are currently finding it hard to pay their mortgage will eventually find the solution that suits them, according to What Mortgage. The comments follow new research from Shelter, which has... read more

There are only three months of the stamp duty 'tax holiday' remaining, so first time buyers need to be quick if they want to benefit. The National Association of Estate Agents NAEA warned first... read more

The pressure of mortgage rates, car insurance costs and other expenses in the wake of the recession will mean over six million over-50s work beyond retirement age, research shows. Twenty eight per cent... read more

Brits are less interested in spending on luxury decor and bling for their home than they are parting their hard-earned cash with boring but essential maintenance. According to research from the Society... read more

Remortgaging your home can be a great way to raise money when you lack the cash for a significant outlay. However, you should make sure you use a mortgage calculator to secure the best deal possible, helping... read more

Despite many second time buyers looking for the best mortgage rates, several will be unable to move, particularly if they bought their first house in 2007. New research by HSBC revealed that some 360,000... read more

It costs around £60,000 to house a second child in the UK, those considering the best savings rates have been informed. Young families and couples will need to start putting extra funds away if they... read more

Couples are increasingly putting the task of seeking the best mortgage rates and buying their first home on hold in favour of starting a family. New research by Churchill revealed that many couples in... read more

Those considering taking the first step on the property ladder and finding the best mortgage rates have been advised that the outlook remains mixed. According to MyMortgageDirect, house price growth will... read more

Brits are letting themselves down when it comes to getting the best mortgage rates as over half have never changed their mortgage outside of moving house. New research by Barclays has revealed that 58... read more

The number of people taking out interest-only mortgage rates will create a "ticking time bomb" of debt, it has been claimed. Paul Holmes, chief executive officer of Firstrung, explained that... read more

Those looking for cheap mortgages may be interested to hear about Barclays new zero fee home loan. The mortgage product is available to buyers with a ten per cent deposit and has an interest rate of 4.99... read more

Mortgage lending from banks increased in the 12 months to September, according to new data from the British Bankers' Association BBA. Over the year, net mortgage lending rose 1.6 per cent while gross... read more

People looking for cheap mortgages can be pleased that they are doing their bit to boost the economy. According to the British Property Federation BPF, the housing market contributes more to the UK economy... read more

In spite of calls for the introduction of long-term fixed mortgage rates, an expert has claimed it would be impossible to create. Ray Boulger, senior technical manager at John Charcol, said that creating... read more

Bury is the biggest property hotspot in England and Wales, a study has found. New research by Halifax revealed that sales of homes in the Greater Manchester town of Bury have risen by 44 per cent over... read more

As people looking for cheap mortgages struggle to get on the property ladder, rents across England have increased exponentially. New research from Shelter revealed that average private rents are unaffordable... read more

Demand for rental housing is continuing to increase as people struggle to find cheap mortgages, it has been claimed. Specialist buy-to-let lender Paragon said that more than four in ten landlords said... read more

Remortgaging has increased as homeowners look for the best mortgage deals around. New figures from the Council of Mortgage Lenders CML revealed that remortgaging in August was 30 per cent higher than... read more

Homeowners are delaying selling their house due to the economic climate as they wait for uncertainty to pass, those seeking the best mortgage rates were told. The Royal Institution of Chartered Surveyors... read more

Fixed-rate deals may be ideal for those who want cheap mortgages as these are currently very promising, an expert has claimed.   Ben Wilkie, editor at What mortgage, has highlighted the fact... read more

Those looking for cheap mortgages often find that their credit scores are a significant barrier, it has been claimed. Kensington has published research showing that 43 per cent found that this was the... read more

There has been an increase in the amount of people struggling to pay their rent, those looking for the best loan rates have been told. Joanna Elson, chief executive of the Money Advice Trust, which runs... read more

Looking for a new home is something some people relish, but many others dread. The thought of spending hours using a mortgage calculator to help with budgeting, scouring the internet for properties every... read more

People looking for the best mortgage rates have been advised that fixed deals are the ideal option for those who can commit for at least five years. Jane King, mortgage advisor from Ash-Ridge Asset Management,... read more

People struggling to find the money to make home repayments should consult their lenders about how to find a cheap mortgage. Catherine Hearnden, director at MyMortgageDirect, said that most lenders are... read more

Homeowners are getting used to low interest rates and could be missing out on some of the best cheap mortgages for years, it has been claimed. According to research by unbiased.co.uk, 37 per cent of homeowners... read more

People looking to find the best mortgage rates could be in luck as gross mortgage lending has increased. According to the Council of Mortgage Lenders CML, gross lending is ten per cent stronger than... read more

Downsizing as a way to raise equity to qualify cheap mortgages is far more difficult than many people think, it has been claimed. David Wright, managing director at Sixty Plus, said that there are a number... read more

The government, mortgage industry and consumer groups need to work together to prevent home repossessions and enable people to find cheap mortgages, it has been claimed. According to the Building Societies... read more

Homeowners looking for cheap mortgages have been warned that the amount of houses in negative equity is set to increase. Analysis by Homeloan Management Limited revealed that if house prices fall by another... read more

There are still plenty of options available for homeowners who are struggling to find a cheap mortgage or meet the payments on their current deal, it has been claimed. Ben Wilkie, editor at What Mortgage,... read more

The government needs to do to more to help first-time-buyers FTB find cheap mortgages in order to get on the housing ladder, it has been claimed. Katy John, press officer for PricedOut.org.uk, said that... read more

Two-thirds of children have an optimistic outlook about their chances of obtaining cheap mortgages, it has been revealed. A poll by Clydesdale and Yorkshire Banks found that nearly a fifth of children... read more

The majority of people currently renting accommodation intend to buy their own property within the next five years, which could see a rise in the number of people seeking cheap mortgages.   New... read more

More people in the UK are seeking out professional advice about how to get the best mortgage rates for the first time. According to a poll by Kensington, of 617 mortgage intermediaries, one in five claimed... read more

When checking out different home loans, it can be easy to simply look at the interest rate you'll be paying. But you might want to pay attention to the terms and conditions of the product and use a... read more

People buying property in Scotland have found it easier to obtain cheap mortgages than their counterparts south of the border, new figures have shown.   Research published by the Council... read more

First time buyers are becoming more desperate to find cheap mortgages in order to get on the housing ladder, it has been claimed. Helen Adams, managing director at FirstRungNow.com, said that more and... read more

The growing number of regulations being imposed on the financial services sector could cut the availability of cheap mortgages, a leading organisation has claimed.   Angela Knight, chief executive... read more

The average age of a first-time buyer is now 35 years old, those looking to use cheap mortgages to get on the housing ladder have been told.   Figures published by Post Office Mortgages... read more

Cheap mortgages will continue to be offered to borrowers with the most equity available to them, according to an industry expert. Matt Griffith, spokesman at PricedOut, said that mortgage lenders are starting... read more

People seeking cheap mortgages should be encouraged by the increased number of new home sales, SmartNewHomes has claimed. According to new research by Connells', there was an 18 per cent increase in... read more

Lenders have been urged to remain vigilant of mortgage fraud when creating the latest mortgage rates on their products. The Council of Mortgage Lenders CML said that financial institutions offering the... read more

Norwich and Peterborough N&P has cut its mortgage rates in order to make moving home more affordable for its customers. The firm has reduced the interest rate on its 85 per cent loan-to-value LTV... read more

Landlords are returning to the buy-to-let mortgage market in significant numbers, with many looking for cheap mortgages. The value of buy-to-let loans increased by 21 per cent in the second quarter of... read more

June saw the highest number of mortgages taken out by first-time buyers for ten months, it has been revealed. Figures from the Council of Mortgage Lenders CML show that there were 18,100 home loans taken... read more

The large deposits demanded by lenders to qualify first-time buyers for cheap mortgages is "stifling" the housing market, it has been claimed. Paul Hearnden, a director at MyMortgageDirect, said... read more

The average loan-to-value ratio on mortgaged property in the UK is less than 60 per cent, those seeking cheap mortgages have been told. Research by the Council of Mortgage Lenders CML revealed that despite... read more

Potential homeowners looking for cheap mortgages have been advised that first-time-buyer activity in the housing market is unlikely to return to pre-recession levels for at least two years. Selwyn Lim,... read more

The number of towns now affordable to first-time buyers with cheap mortgages has reached its highest since 2003. According to the Halifax First Time Buyer Review, the average house price paid by a first-time... read more

Fixed-rate cheap mortgages are likely to remain an "attractive option" for homeowners, it has been claimed. Andy Pratt, chief operating officer at Alexander Hall, said that the popularity of... read more

Leeds Building Society has cut its mortgage rates in order to make moving house more affordable. The financial firm has reduced the interest rate on its two-year fixed mortgage by 0.5 per cent, meaning... read more

Less than a fifth of British non-homeowners are currently saving for a deposit for cheap mortgages, it has been revealed. A new poll by Halifax found that despite three-quarters of Brits aspiring to purchase... read more

A mortgage calculator can help everyone from first-time buyers to buy-to-let lenders find the cheapest and most appropriate home loan for their needs. Landlords often buy property to rent out to tenants... read more

The housing market has become more stable, a study has revealed to those looking for cheap mortgages. A survey by Hometrack found that prices are still slowly lowering but that the balance of supply and... read more

Homeowners shopping around for cheap mortgages will be pleased to hear that Norwich and Peterborough N&P Building Society has just slashed its fixed rate deals. The financial firm is cutting 0.4... read more

Homeowners in the market for cheap mortgages have been warned to be on their guard against rogue doorstep traders. The Office of Fair Trading OFT has launched a new awareness campaign urging people to... read more

First-time buyers looking for cheap mortgages have been warned that lending conditions are likely to remain constrained for the next couple of years. Andy Pratt, chief operating officer at Alexander Hall,... read more

Brits who have been successful in their task to find cheap mortgages are hoping to pass on their knowledge for doing so to their kids. A study conducted by Capital One has found that 81 per cent of mums... read more

Homeowners looking for cheap mortgages have been advised that capped tracker deals may provide the answer. Mortgage provider first direct claimed that due to the current base rate sitting at an all time... read more

The home loan market is changing at a rapid pace as banks roll out cheap mortgages to entice homeowners, it has been revealed. Research from Defaqto found that 8,968 mortgages were either brought to market... read more

The price of rent in the UK is rising, according to new figures, which could lead some people to seek out cheap mortgage rates and purchase their own property. Data from LSL Property Services showed that... read more

The cost of housing in different parts of the UK is having a big impact on living standards, those looking for mortgage rates have been told. Martin Bamford, chartered financial planner and managing director... read more

Britons are showing a greater desire to own their own home, according to data from the English Housing Survey. It showed that after nearly 100 years of falling figures, the number of people renting their... read more

Lenders are starting to offer more competitive mortgage rates, according to an industry expert. Andy Pratt, chief operating officer at Alexander Hall, said that greater activity in remortgaging was being... read more

High inflation is creating a "toxic mix" for families trying to pay cheap mortgages, it has been claimed. The Trade Union Congress TUC has warned that the soaring cost of living caused by high... read more

The number of loans for house purchases and remortgages both increased in May, those interested in cheap mortgages will be pleased to hear. New data from the Council of Mortgage Lenders CML revealed... read more

Mortgage rates for those looking at investing in buy-to-let properties are improving, according to an industry expert. Perran Cooke, mortgage consultant at Countrywide, said that there are a lot more of... read more

Confidence still remains in the buy-to-let market among those seeking cheap mortgages, according to an industry expert. Roger Southam, chairman and chief executive of Chainbow, said that it is still "moving... read more

New research has revealed to those seeking cheap mortgages that happy homeowners boast about their property value. Clydesdale and Yorkshire Banks revealed that one in ten homeowners will host a dinner... read more

The Council of Mortgage Lenders CML has supported plans by the Scottish government to give more people access to cheap mortgages. As part of the move, the national authority has agreed to pledge funds... read more

Leeds Building Society has reduced its mortgage rates in order to make its products more affordable. The firm has cut the mortgage rates on its five-year fixed deal by 0.3 per cent on Loan to Values LTVs... read more

Some 1.8 million young women have saved enough to be looking to by their first property in the very near future, those seeking the best mortgage rates have been told. Almost two million women aged between... read more

People may be less interested in seeking out cheap mortgages in the short term, according to an industry expert. Dominik Lipnicki, director at Your Mortgage Decisions, said that the mortgage market has... read more

The vast majority of lenders failed to fully pass on cuts in the base rate to their Standard Variable Rate SVR mortgage customers, it has been revealed. New research from Which? found that 95 per cent... read more

People seeking out cheap mortgages will be pleased to learn that Barclays has cut its mortgage rates again. From tomorrow June 22nd mortgage rates on its Woolwich fixed home loans will be reduced by... read more

People seeking cheap mortgages are likely to be pleased to learn that lending has increased, according to new data from the Council of Mortgage Lenders CML. It found that gross mortgage lending totalled... read more

Yorkshire Building Society has launched a range of fresh options on its new cheap mortgages. The Drop Lock mortgage range was launched by the building society last week but from today June 17th customers... read more

Lender first direct has launched a range of cheap mortgages designed to give customers more flexibility and choice. The mortgage firm has changed the structure of its home loan offerings to give customers... read more

Getting the right mortgage can be a complicated task but if you are looking to purchase a house then it's important to make sure you sign up to a home loan that will suit your needs and finances best. The... read more

Santander has cut mortgage rates on a number of its two and three year fixed rate products. The bank, which is the self-proclaimed home of mortgages, has reduced its rates by as much as 0.30 percentage... read more