Lending Conditions

Jul 21, 2022

House prices need to fall more than 10% to counteract rate rises

Interest rate rises will push up monthly mortgage costs so much that even a 10% house price fall will not make homes cheaper to buy than...

Jul 20, 2022

Mortgage interest costs set to rocket

Soaring rates mean mortgage borrowers now face paying an extra £57,000 in interest over five years. If the Bank Rate rises to 3% in 2023,...

Jul 19, 2022

Green mortgages surge in demand

Homeowners and landlords are flocking to "green mortgages" in a bid to escape soaring interest rates. The number of borrowers searching...

Jul 18, 2022

Homebuyers hit by record mortgage rates

Fixed-term mortgage costs have surged to their highest rates since 2009, according to Moneyfacts. Average rates on a two-year and...

Jul 16, 2022

Securing a mortgage 'set to get tougher over the summer'

More banks reined in home loans than offered easier money in the three months to June, the Bank of England's quarterly survey found. The...

Jul 12, 2022

Mortgage costs expected to grow

The cost of a mortgage is expected to grow by £2,500 by the end of this year compared with December 2021, according to Zoopla. Economists...

Jul 5, 2022

One in 20 UK homeowners use equity release

More than £4bn of retirement spending is set to be funded by equity release this year, with the figure predicted to more than double by...

Jul 4, 2022

Mortgage borrowing spiked £3.2bn in May

A rush to lock in low borrowing costs sparked the biggest rise in mortgage lending in eight months as net mortgage lending leapt to...

Jun 29, 2022

Brits withdraw billions via later life mortgages

UK homeowners have already released equity to the tune of £1.4bn so far this year. During the first three months of this year, over...

Jun 27, 2022

Cashback mortgages may not be the best option

There were 1,350 cashback mortgage deals at the start of June, according to the data firm Moneyfacts, up from 1,276 last month. Some 64...

Jun 22, 2022

House buyers face missing out on mortgages due to backlogs

Homebuyers are facing higher mortgage rates, as record numbers of offers expire amid backlogs caused by the surging housing market....

Jun 17, 2022

Homeowners face mortgage payment hike

Millions of homeowners face higher mortgage payments this year as a result of interest rate rises, with the average fixed rate set to go...

Jun 14, 2022

Help to Buy customers could see payments soar

First-time buyers who used the Help to Buy scheme could see monthly bills soar by up to 55% as they are hit by interest rate rises and...

Jun 13, 2022

Homeowners seek security in long-term mortgages

The number of homeowners looking for long-term fixed rate mortgages has soared over the past year as they aim to protect their finances...

Jun 8, 2022

First-time buyers now need £53k from Bank of Mum and Dad

The "Bank of Mum and Dad" is stretching its budget to help children onto the property ladder amid record house prices. Parents are...

Jun 7, 2022

Cash buyers flood the market

In the first three months of this year a record 73% of buyers were chain free, according to research by Hamptons. Meanwhile 40% of...

Jun 2, 2022

Mortgage borrowing falls by 36%

The number of mortgages approved by UK lenders has fallen to its lowest since June 2020, with 65,974 mortgages approved in April. This...

May 31, 2022

Government-backed mortgages soar in popularity

The number of home loans that are backed by the government is growing as lenders take advantage of the mortgage guarantee scheme, which...

May 27, 2022

Borrowers seek to overpay mortgages

Borrowers are paying off their mortgages before the interest rate goes up again. Nearly £5.1bn was overpaid on home loans in the first...

May 20, 2022

Lenders dampen soaring house prices

House sales are slowing down amid a surge of down-valuations, according to property industry insiders. House prices have been surging for...

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