moneymortgageshome

HSBC, Natiownide and TSB have all announced a fresh round of mortgage rate cuts, as lenders continue to respond positively to forecasts of falling inflation. HSBC has said it will be making reductions to the interest rates on several two, three and five-year fixed rate mortgages from tomorrow, 9 August. Although HSBC has notified brokers … Read more

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

The number of property transactions in March increased 1 per cent on February highlighting a ‘Mexican stand-off’ in the property market. In total there were 89,560 residential property transactions in March on a seasonally adjusted basis, according to the latest data from HMRC. It comes as mortgage rates have dropped slightly. The average five-year fixed … Read more

Families looking to remortgage are facing a tough choice over whether to lock into a long-term deal or hold out in the hope that rates will come down in the near future. Whatever they do, the one million people whose deals are ending this year face paying more. The Bank of England increased interest rates … Read more

This week, the Bank of England Governor Andrew Bailey told MPs that fixed mortgage rates had come down from the highs seen in October in the wake of the mini-Budget. ‘We have seen that new fixed-rate mortgage rates have come down since, both for the lower-risk end of the mortgage market—I am talking here about … Read more

House price inflation at 10.3% is still in double digits, official figures show, but property values fell for first month since October 2021 The average UK house price is now £295,000 according to the ONS Properties added  £28,000 over the 12 months to November 2022 Mortgage rates soared in October but many think the worst is … Read more

Average UK property prices increased by 12.6 per cent in the year to October, up from a 9.9 per cent rise seen in the 12 months to September, official figures show.  The average UK house price was £296,000 in October, which is £33,000 higher than this time last year and little changed from last month, … Read more

The number of middle-aged renters in the UK has increased by 70 per cent in the past 10 years, according to new figures. There are now 1.18million private renters aged 45 to 54 in the UK, making it the age group that has seen the biggest growth in renters over the decade, according to Government … Read more

Average two-year fixed rate mortgage falls below 6% for the first time in two months… but some best buys are now charging as little as 4.6% The average two-year fixed rate deal is now 5.99% according to Moneyfacts Typical five-year fixed rate has already passed the benchmark and is now 5.78% Both had surged to … Read more

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