Fixed-rate mortgages could fall below 4% within weeks amid a price war, experts say

By Adele Cooke and John-Paul Ford Rojas Updated: 08:53 GMT, 15 December 2023 Homeowners can look forward to fixed-rate loans falling below 4 per cent within weeks amid a mortgage price war, experts said yesterday. TSB has slashed the cost of its home loans by up to 0.35 percentage points from today. The move follows … Read more

I bought a house with my ex but they won’t sell: How can I get off the mortgage? David Hollingworth replies

By David Hollingworth For This Is Money Updated: 12:29 GMT, 12 December 2023 My ex-partner and I bought a house together nearly 20 years ago, we were never married. The mortgage is in both our names.  Over the years, I have asked my ex-partner to either sell the house and buy one in her own … Read more

Nationwide slashes mortgage rates AGAIN: Cheapest deal on the market is now 4.29%

Nationwide has reduced its mortgage rates once again, bringing the cheapest deal on the market down to 4.29 per cent.  Britain’s biggest building society has today sent ripples across the mortgage market after it announced its eleventh consecutive round of rate cuts in four months. It means the best rates available are now almost 1 per … Read more

Is YOUR area bucking the house price trend? Halifax reveals the 70 towns where they are STILL going up

More than 70 local areas have bucked the national house price downturn and seen prices rise over the last year, according to Halifax. Some areas have even seen double digit growth, despite the average UK house price falling 3.9 per cent year-on-year, according to the mortgage lender. Powys was the top riser, with homeowners in … Read more

Nationwide, HSBC and Santander cut mortgage rates AGAIN

Three more major mortgage lenders have slashed their rates, offering further respite for mortgage borrowers – as brokers warn that they shouldn’t wait around for rates to fall further.  HSBC and Nationwide are the latest large lenders to announce further rate reductions, both taking effect from today.  This follows Santander’s announcement of rate cuts yesterday, … Read more

Over 65s hold £2.6TRILLION worth of housing wealth, Savills say

Over 65s hold a record-high £2.6trillion worth of net housing wealth, new research suggests. About £2.2trillion is held as equity by owner-occupiers over 65, many of whom are mortgage-free, the findings by Savills claim. Many of these over 65s would have faced significantly higher interest and mortgage rates when buying a home than seen currently … Read more

Offset mortgages: How do they work and is linking savings to your home loan a good idea?

Mortgage rates have risen sharply over the past six months, leaving over a million homeowners facing higher monthly payments this year when their existing fixed deal comes to an end.  For those with substantial savings in the bank, an offset mortgage could be one way to reduce those costs. We take look at how this … Read more

House price growth slows to just 1.1%, according to Nationwide

The average home has tumbled almost £15,500 in value since house prices hit a peak in late summer, according to Britain’s biggest building society. The average house now costs £258,297, 5.6 per cent less than the £273,751 recorded in August, but property values remain 12.4 per cent higher than two years ago, according to Nationwide’s … Read more

Earn money by spotting a derelict property

Earn money by spotting a derelict property: Sharp-eyed residents could help themselves to a nice financial reward By Rachel Rickard Straus, Financial Mail On Sunday Published: 21:50 GMT, 10 December 2022 | Updated: 09:51 GMT, 11 December 2022 Sharp-eyed residents could earn themselves a nice financial reward by reporting derelict houses in their neighbourhood to … Read more

UK mortgage borrowing down £2bn in October, BoE says

Britons are increasingly putting their home buying or moving plans on hold and stashing their cash in fixed term savings as the cost of living crisis bites, new data has revealed. Net mortgage borrowing by individuals fell from £5.9billion in September to £4billion in October, according to the latest Bank of England figures. Mortgage approvals … Read more