Mortgage News

Parents 'go dutch' on their children's deposit

The Bank of Mum and Dad is continuing to play an important role in their offspring’s first property purchase with current homeowners having received, on average, half of their deposit (49 per cent) from their parents or their partner’s parents.

Help to Buy mortgage guarantee loans - new lending limits

Government announces no new loans at or above 4.5 times borrowers’ income can be included in the Help to Buy mortgage guarantee scheme.

Later-life parents shouldering greater debt burden

The trend for second marriages and having children later in life is continuing to impact the debt people are carrying as they get older.

5-year mortgages a popular choice for homebuyers

Over two-thirds (62%) of the 573,866 fixed rate mortgage loans in 2013 were for two year deals. Whilst still making up the majority of mortgages, this proportion has changed from 2008 (68%).

Monmouthshire Building Society launches range of self build mortgages

Monmouthshire Building Society has launched an exciting new range of two year level discount self build mortgage products available throughout England and Wales.

Gross mortgage lending stable in May

Gross mortgage lending held steady in May and was an estimated £16.5 billion, according to the Council of Mortgage Lenders.

First-time buyers took out 6,600 more loans in April than a year ago

New CML data released on the profile of UK lending in April 2014, including first-time buyer, home mover, remortgagor and buy-to-let lending, shows:

The £3,000 North-South living divide

Households in the north of England pay £3,000 less per year on their household bills compared to those living in the south, according to recent analysis by MoneySuperMarket.com.

First time buyers need more Help to Buy

The average age UK house hunters estimate they will be able to take their first step onto the property ladder is 36 years old, according to research by MoneySuperMarket.

Post Office announces new mortgage range available through brokers

The Post Office will launch its highly competitive range of mortgages along with its financial services partner, Bank of Ireland UK, on Monday, 2nd June.

Gross mortgage lending continues to grow in April

Gross mortgage lending was an estimated £16.6 billion in April, according to the Council of Mortgage Lenders. This is 8% higher than March’s gross lending total and 36% higher than April last year (£12.2 billion) and the highest total for an April since 2008 (£25.7 billion).

One in ten mortgagors at risk of being trapped in 'unaffordable' borrowing

One in ten of today’s mortgagors risk being imprisoned by borrowing deals which are likely to make their repayments unaffordable as interest rates rise over the next four years according to new research from independent think tank the Resolution Foundation.