One of the perks of homeownership is supposed to be that it allows you to have a bit more control of your housing costs over time — no surprise rent increases when you have a 30-year fixed. But that stability is becoming less and less common with rising home insurance costs and, in some places,
When the base rate changes, it has an impact on your borrowing and saving, as banks and lenders will update their interest rates to reflect the Bank of England decision 12:02, 08 May 2025Updated 12:16, 08 May 2025 The Bank of England has announced its latest interest rates decision(Image: Getty Images/iStockphoto) The Bank of England
INTEREST rates are likely to fall at the fastest pace since the 2008 financial crash, economists are predicting. The Bank of England is widely expected to cut its base rate on Thursday from 4.5% to 4.25%. 1 Mortgage lenders have been slashing interest rates in recent weeksCredit: Alamy This would mark the second rate reduction
A survey of 500 UK homeowners revealed eight common mistakes that mean your mortgage application could be delayed or declined 09:45, 30 Apr 2025Updated 09:45, 30 Apr 2025 An expert shared eight things that can hold up a mortgage application (stock photo)(Image: Getty) A mortgage expert has explained why eight common mistakes could lead to
First-time buyers are one cohort to be affected by lower home loans and reduced borrowing criteria – as they could find themselves in negative equity in future Cheaper mortgages and relaxed borrowing rules could lead to a temporary spike in house prices that risk future financial hardship for buyers, experts have warned. Several lenders, including
The International Monetary Fund has slashed its forecasts for the UK economy on the back of Donald Trump’s trade tariff uncertainty warning the UK is likely to see an inflation spike An economic slowdown in the UK will add pressure on the Bank of England to cut rates (Image: (Image: Getty)) The Bank of England
A COUPLE have revealed that they are now rent and mortgage free, at just 30-years-old, after building their own tiny home. Lexie and Jed had hardly any DIY experience when they embarked on their huge project, but still managed to create their dream off-grid home. 2 Lexie and Jed are rent and mortgage free at
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