MORE low-deposit mortgages are available now than at any time since the 2008 financial crisis. There are 442 home loans with a five per cent deposit to choose from, more than double the number from two years ago. Borrowers able to stretch to a ten per cent deposit have the pick of 845 deals —
A MAJOR lender has launched a new zero deposit mortgage for Right to Buy home loans. Barclays has said people applying for a Right to Buy mortgage with the bank no longer needs to put down a deposit. 1 Barclays has launched a zero deposit mortgageCredit: PA The Right to Buy scheme lets tenants in
THE Bank of England has decided to keep interest rates unchanged, delivering a blow to homeowners hoping for help with mortgage bills. At today’s meeting of the Monetary Policy Committee (MPC), the Bank of England‘s rate-setters voted to maintain the base rate at 4.5%. Lenders use the base rate to determine the interest rates offered to customers
The gap in price between houses and flats has hit a 30-year high, as first-time buyers seek out bigger properties. Houses come with a significant price premium in some areas, but a desire for greater space and leasehold concerns are resulting in buyers moving away from flats. Read on to learn about the price gap
More people are taking out home loans in later life, according to figures from UK Finance There has been a sharp increase in the number of people taking out mortgages in later life as more people continue to work after pension age, data has revealed. There were 35,840 new loans to people over the age
MANY homeowners aged 55 and over might find they have a high proportion of their wealth locked in the value of their property. For those looking to make their lifestyle more comfortable, accessing this value, known as equity release, could help. But could you access the cash tied up in your home? Read on to
Mortgage prisoners who have their mortgages with Landmark have been informed these will be sold on to Bloom Homeloans at the end of the week. In a letter sent to customers, seen by FT Adviser, Landmark Mortgages informed mortgage prisoners that it has agreed to transfer a portfolio of loans to Bloom Homeloans, a trading
It is widely expected that there will be a 0.25 percentage point cut at the Bank of England’s first Monetary Policy Committee of the year The Bank of England is expected to cut interest rates from 4.75 per cent to 4.5 per cent when its Monetary Policy Committee (MPC) meets on Thursday. The MPC can
Zoopla has named its ‘most promising’ property markets for 2025, with Scotland and the north of England dominating the list. The portal analysed prices, affordability and sale times across the UK, before naming the areas where it expects to see house prices rise this year. Read on to see if your town made the list,
A MAJOR shake up to mortgage rules could help first time buyers get on the property ladder more easily. Banks could be encouraged to offer more loans to people with smaller deposits and loosen limits on how much they can borrow. 1 It is understood that financial regulators are looking at ways to relax mortgage