Banks launch five-year mortgage rate war as markets bet interest rates will drop
It suggests that some players in the market fear that the economy is slowing. This will force the Bank of England to stop putting rates up or…
Mortgage lenders bet on sharp slowdown
The mortgage market appears to be adapting to the danger posed by slowing growth when the sugar rush of public money comes to an end. Fixed rate…
Millions search for cheap mortgages as rate rises loom
The Bank of England has raised rates three times since December and lenders have wasted no time in passing the higher costs onto borrowers, with the best…
The best way to invest inheritance money in 2022 — from stocks, pensions and paying off mortgages
Receiving an inheritance can be a pivotal moment in life and it is common to feel pressure to do the “right” thing with the money. Gaining a…
Struggling homeowners driven to 35-year mortgages
The soaring cost of living, rising house prices and higher mortgage rates have forced mortgage borrowers to take out ultra-long loans to afford their monthly repayments. Average…
First-time buyers repelled as mortgage costs overtake rents
Monthly mortgage repayments are set to surge above rents for the first time in 14 years as the Bank of England’s back-to-back interest rate rises tip the…
Two-thirds of families pay more for childcare than their mortgage
Two-thirds of parents now spend more on childcare bills than their mortgage or rent, as families grapple with the soaring cost of living. A survey of 27,000…
Banks sneak in higher charges for mortgages
The lowest mortgage rates have doubled in the past six months and borrowers are now paying £840 a year more for the average loan than they did…
Homeowners paying thousands in penalties to quit mortgage deals
Homeowners have raced to quit mortgage deals early to lock in cheaper terms, paying thousands in exit penalties in the process. The number of borrowers that paid…
Lloyds and Santander are first banks to increase mortgage rates
Banks have rushed to pass on higher mortgage costs to millions of customers, just moments after the Bank of England increased interest rates to 0.75pc. Lloyds Bank…
Stocks, pension or pay off the mortgage: the best way to invest inheritance money at any age
Receiving an inheritance can be a pivotal moment in life and it is common to feel pressure to do the “right” thing with the money. Gaining a…
Homeowners crippled as mortgage costs rise £800 in just six months
David Hollingworth, of L&C Mortgages, said: “Rates have been shifting rapidly as lenders adapt to higher borrowing costs from the central bank. The sheer pace of change…
Banks hit panic button and pull mortgage deals
Karen Noye, of advice firm Quilter, said affordable mortgage had become “increasingly hard to find”. This would only continue as Britain grappled with the economic consequences of…
First-time buyers receive £27k boost as Bank of England relaxes mortgage rules
First-time buyers could soon be able to borrow tens of thousands of pounds more as the Bank of England has announced plans to scrap its mortgage affordability…
Homeowners suffer as cheapest mortgages double in price
The best mortgage rates have almost doubled in just five months as lenders have pulled the cheapest deals on a daily basis amid inflation fears. Analysts warned…
Stocks, pension or pay off the mortgage: how to invest inheritance money at any age
Receiving an inheritance can be a pivotal moment in life and it is common to feel pressure to do the “right” thing with the money. Gaining a…
Money Makeover: ‘Should I invest my £136k inheritance or pay off my mortgage?’
Receiving an inheritance is a golden opportunity for a financial reset, but it can also leave the bereaved with a confusing array of options. Julia Cooper, 58, from…
Best mortgage deals disappear as banks increase interest rates
Dozens of the best mortgage deals have been withdrawn from sale this week, as lenders have increased the cost of their loans ahead of an expected Bank…
The best way to invest an inheritance in 2022 — stocks, pension or paying off the mortgage?
Receiving an inheritance can be a pivotal moment in life and it is common to feel pressure to do the “right” thing with the money. Gaining a…
Expat buy-to-let landlords foiled by Brexit red tape
British expats living in Europe who want to buy property on home shores have been shunned by lenders. Banks and building societies in the UK are unwilling…
Record-low mortgage deals vanish as higher interest rates hit home
Lenders have called time on the era of cheap debt with last mortgages charging less than 1pc pulled from the market following the Bank of England’s interest…
Your mortgage is getting more expensive – as first-time buyers profit
Mark Robinson, of Albion Forest Mortgages, a broker, said: “Demand from first-timers is off the scale. December and January have been our busiest months on record.” There…
Affluent homeowners face biggest jump in mortgage costs
Repayments for first-time buyers on 5pc mortgages will fall by 17pc, the analysis showed. This is because rates on riskier loans are lower than in 2020, despite…
Cost of living crisis — protect your investments, property, savings and pension from rising prices
Prices surged by 5.4pc in 2021, through to December as UK inflation hit its highest level in 30 years. Experts have predicted the cost of living crisis…
One in 10 buyers will be locked out of housing market
A succession of interest rate rises this year will lock one in ten home buyers out of the property market and put a dampener on house prices,…