News
Biggest crime" is potential buyers giving up on homeownership " Aldermore video
1+ hour, 56+ min ago (352+ words) During Aldermore's Mortgage Market Insight, in collaboration with Mortgage Solutions, David Hollingworth, associate director of communications at L&C Mortgages, said there had been a lot of innovation around loan-to-value (LTV) and loan-to-income (LTI) limits, adding that the specialist market…...
Borrowers looking at short-term solutions as fixed rates come to an end
1+ week, 5+ day ago (718+ words) According to Rightmove UK, the current average rates for two- and five-year fixes'are 5. 01% and 5% respectively. According to some lenders and advisers, borrowers are currently looking to temporary fixes as they seek longer-term solutions to placate the incoming price shocks. Behaviour…...
Instructions see sharp increase and signal "robust" housing market
3+ week, 1+ day ago (424+ words) Purchase instructions have continued to increase throughout the quarter, showing a 37% rise, according to Conveybuddy's analysis of instruction volumes across the first 10 working days of April, May and June. This month's figures are up 15% on May and show a 37% rise…...
Cost-of-living squeeze traps consumers in protection catch-22
3+ week, 5+ day ago (441+ words) A survey carried out by LSL Financial Services at its inaugural LSL Protection Forum revealed that 86% of brokers said income protection was becoming more necessary for clients. Respondents said this was the most important cover, as just 7% named critical illness…...
The Cambridge relaunches interest-only fixed rate mortgages
4+ week, 52+ min ago (229+ words) The range includes interest-only two- and five-year fixed rate products available up to 70% loan to value (LTV) at 5. 44% and 5. 54% respectively. A repayment option of the two-year fixed rate is also available up to 80% LTV. Dan Barker (pictured), product and propositions…...
Nationwide trims product transfer rates
4+ week, 1+ day ago (156+ words) The reductions apply to two-, five- and 10-year fixed rate deals. For borrowers with 40% equity, they can access two- and five-year fixed rates of 4. 56% and 4. 59% respectively. An arrangement fee of "999 applies to both deals. At 75% loan to value (LTV), a…...
The current market is proving exactly why advice matters " Murphy
1+ mon, 4+ hour ago (660+ words) For example, if you have followed some of the wider media commentary over the past month, you could easily have come away believing we are somehow on the verge of multiple rate rises and a prolonged return to upward mortgage…...
Mortgage product choice bounces back with over 7, 000 options
1+ mon, 5+ hour ago (462+ words) The Moneyfacts UK Mortgage Trends Treasury Report showed that'nearly 350'deals came back to the market in May, giving a total of 7, 132 options.' Borrowers in need of high-loan-to-value (LTV) deals saw the biggest improvement, as the product count rose from 436 to…...
Borrowers bet on falling rates with shorter-term mortgages, Moneyfacts finds
1+ mon, 3+ day ago (245+ words) Insights from the Moneyfactscompare website showed that the share of visitors comparing two-year fixed rate mortgages rose from 48. 4% in February to 55. 6% in May, while interest in five-year fixes fell from 27. 7% to 21. 8%." Over the same period, demand for 10-year fixes fell…...
Mortgage searches fall 15% as borrowers hold back
1+ mon, 3+ day ago (284+ words) The firm's Mortgage Market Snapshot showed there were 1, 590, 911 searches on the platform in May, a 7% reduction on the month before." Residential searches totalled 1, 341, 508, a 7% drop"on"April and a 16% decrease on the year before. Within this, purchase searches declined by…...