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Mortgage News

What exactly is a reverse mortgage?

For many long years or even decades, you may have made regularly monthly home loan payments to your lender. Over the years, you likely saw your property value rise and your outstanding loan balance decline.

Loyal mortgage holders hit with £400 average price hikes

Loyal customers who don’t remortgage after their fixed term deal can pay £400 extra a year, Citizens Advice research reveals.

How to avoid a summer slowdown on your mortgage application

Borrowers have been reminded by Yorkshire Building Society that they can take steps to reduce delays to house sales caused by traditional hold-ups in property valuations during the summer holiday period.

Millennial mortgages: younger generation strive to be savvy with their mortgage

L&C Mortgages has revealed that millennials in Britain are striving to be savvy about managing their mortgages. Nine in ten (92%) 18-34 year olds have a repayment mortgage deal, so they are gradually chipping away at the capital.

First time buyers, homemovers and remortgage customers benefit from Halifax £750 cashback

Halifax is offering first time buyers, homemovers and remortgage customers £750 cashback on qualifying mortgages from Monday 3 July.

UK mortgage approvals slip by 11% in april as consumer borrowing speeds up

UK mortgage approvals slip by 11% in april as consumer borrowing speeds up

Mortgage lending fell by about 11% in April according to the latest figures from the British Bankers' Association (BBA).

Halifax rewards first-time buyers and homemovers with £1000 cashback

Halifax is offering first-time buyers and homemovers £1000 cashback on qualifying mortgages.

Paragon announces procuration fee for switch products

Paragon Mortgages has announced the introduction of procuration fees for brokers on its full range of switch products.

Accord Mortgages doubles cashback offering

Accord Mortgages is giving borrowers a helping hand by doubling the amount of cashback on offer across its mortgage range.

Today is UK 'Mortgage Freedom' Day

Today (19 April) is UK ‘Mortgage Freedom’ Day, when new borrowers will have earned enough to pay off the annual cost of their mortgage.

More borrowers will benefit from Leeds Building Society LTI change

Leeds Building Society is adjusting its LTI (loan to income) criteria for some borrowers.

First-time buyer mortgage applicaitons hit January spike

Demand for 5% deposit home loans was high at the start of the year, according to Yorkshire Building Society which recorded a significant rise in first-time buyer applications.

Clydesdale and Yorkshire Banks extend mortgage sale following successful first month

Clydesdale and Yorkshire Banks are extending a sale across their range of mortgages including their lowest ever fixed rate.

Mortgage affordability improved significantly over past decade

Mortgage affordability levels have remained significantly below the peak of 2007 almost a decade on, new Halifax research has revealed.

Should I get a mortgage adviser?

Should I get a mortgage adviser?

Getting a mortgage is one of the biggest financial decisions that you’ll make, so it is crucial that you get it right.