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News
Northern house price growth slows as regional divide narrows
2+ hour, 23+ min ago (273+ words) The average house price across Great Britain reached £329,500 in July, up 1.7% from a year earlier, according to the latest e.surv House Price Index. Yorkshire and the Humber recorded the strongest annual growth at 4.0%, followed by the North West at…...
Mortgage rate reversal wipes out July cuts
19+ hour, 56+ min ago (326+ words) The Moneyfacts Average New Mortgage Rate rose by 0.12 percentage points from 5.47% at the beginning of July to 5.59% at the start of August. Average 2- and 5-year fixed rates increased for the first time since April, rising by 0.11 and 0.14 percentage points respectively…...
Brokers shouldn't wait to be asked about additional borrowing
1+ day, 11+ hour ago (352+ words) That said, it’s worth keeping some perspective: these reductions, while genuinely positive, haven’t brought rates back down to where they were earlier in the year. The ups and downs are likely to continue, and that’s exactly why holding off still…...
UK residential property transactions edge higher in June
1+ week, 3+ day ago (910+ words) HM Revenue & Customs estimated that 98,700 residential transactions took place on a seasonally adjusted basis during the month. The provisional figure was 2% higher than in June 2025 and less than 1% above the 98,460 transactions recorded in May. On a non-seasonally adjusted basis, residential…...
Q&A: Kristofer Day, TAB
1+ week, 4+ day ago (1426+ words) Mortgage Soup fires the questions at Kristofer “Kris” Day of specialist lender TAB. Mortgage Soup (MS): You describe yourself as an entrepreneur and someone who is relationship-driven. How do those qualities influence the way you approach your role at TAB?...
Bank of England holds rate at 3.75% as energy risks cloud outlook
1+ week, 4+ day ago (1180+ words) The Monetary Policy Committee voted by six to three to leave the rate unchanged at its meeting ending on 29 July. The three dissenting members favoured an increase of 0.25 percentage points to 4%. The Bank said crude and refined energy prices had…...
First-time buyer squeeze deepens as mortgage rates climb
1+ week, 5+ day ago (642+ words) The average five-year fixed mortgage rate for borrowers with a 5% deposit has risen above 6%, reaching 6.07%, according to analysis by Moneyfactscompare.co.uk. A borrower taking a £250,000 mortgage over 25 years with a 5% deposit would pay almost £600 more a year than somebody…...
Rates are moving and regulation is evolving
2+ week, 1+ day ago (227+ words) Securing a rate now protects them from further increases, and it doesn’t close the door if things move the other way: brokers can still go back and secure a better rate for a client if pricing improves before completion. It’s…...
Why second charges are helping Right to Buy borrowers do more with their home
2+ week, 1+ day ago (493+ words) More recently, the scheme has moved back into the spotlight. Following the Government’s announcement that Right to Buy discounts would be reduced, local authorities saw a huge rise in applications as tenants rushed to secure the previous, more generous discounts…...
Nationwide and Accord the latest to increase rates
2+ week, 4+ day ago (255+ words) Mortgage Advice Bureau said the changes formed part of a series of mortgage rate increases announced by lenders this month. Rachel Geddes, strategic lender relationship director at Mortgage Advice Bureau, said: “Accord and Nationwide have both increased rates today, adding…...