What Mortgage: Latest Mortgage News & Advice for Home Buyers
WEB5 days ago · Read the Full Feature here. Tweets by @WhatMortgage. What Mortgage website covers all the latest mortgage news & calculators for first time buyers, remortgagers, movers & buy to let landlords.
what MORTGAGE Awards 2024: Winners revealed
WEBHighly Commended: Market Financial Solutions & United Trust Bank. Best Second Mortgage Lender. Winner: United Trust Bank. Highly Commended: Pepper Money & West One. Best Self Build Mortgage Lender. Winner: Earl Shilton Building Society. Highly Commended: Melton Building Society & Ecology Building Society.
House prices: Fastest annual growth in two years - What Mortgage
WEB2 hours ago · House prices increased by 3.2% over the year to September – the fastest annual growth in two years, Nationwide reported today. Over the last month alone average prices rose by 0.7% meaning a typical UK property is now £266,094 according to Nationwide’s data.
Interest rates cut to 5%: What it means for your mortgage
WEBAug 1, 2024 · Interest rates have been cut by 0.25% to 5% in a move which has been long awaited by borrowers. The Bank of England’s first cut to the base rate since 2020 will come as a huge relief to those with mortgages who have been grappling with higher repayments since the cycle of rate hikes began. But how much of a difference will it really make to ...
What mortgage is better? A two- or five-year fixed rate?
WEBMay 15, 2024 · Here’s the problem. A two-year fix is more expensive – new data out just this week from Moneyfacts shows the average two-year fixed rate is 5.91% whilst the five-year version is 5.48%. The cost difference in repayments for the two can amount to hundreds of pounds. But whilst you will pay more to …
Nationwide unveils sub-4% mortgage rates for buyers and …
WEBJan 23, 2024 · Nationwide has cut mortgage rates by up to 0.81% and is offering a deal worth 3.84% – the lowest level on offer from the lender in eight months. The building society has joined a long line of lenders which have made cuts to mortgage prices in 2024 and are offering headline rates below 4%. Nationwide’s offering, which becomes effective ...
General Election 2024 – how will it impact mortgage rates?
WEBMay 23, 2024 · Lenders also set their prices based on how the economy and the markets are faring too. Nicholas Mendes, mortgage technical manager at John Charcol, said: “A general election in the UK can significantly impact mortgage rates, often indirectly, through its influence on economic conditions, investor confidence, and monetary policy decisions.
What’s the verdict on 99% mortgages? The pros and cons of first …
WEBJan 22, 2024 · Mark Harris, chief executive of mortgage broker SPF Private Clients, says: “99% mortgages could be a good idea in the appropriate circumstances. “With added stamp duty costs, a 99% mortgage can look identical to a 95% mortgage for previous generations. Add in the fact that saving for a deposit while renting is practically impossible, this ...
Threat of unemployment—will I be rejected for a new mortgage?
WEB4 hours ago · If you’ve not been formally notified of redundancy, your current situation might not affect your ability to secure a new mortgage deal. However, if redundancy is imminent, it’s important to plan carefully. Consider your options for maintaining your mortgage payments, such as using your savings or discussing potential solutions with your lender.
99% mortgages: The pros, cons and some alternatives
WEBJun 4, 2024 · Very simply a 99% mortgage is a loan for 99% of the value of the property you wish to purchase. Yorkshire Building Society’s product is for first-time buyers who have at least £5,000 deposit to put down on a property up to the value of £500,000. The product comes with no fee and the interest rate of 5.99% is fixed for five years.