News
Atom bank reduces prime mortgage rates by up to 25bps
3+ hour, 4+ min ago (291+ words) The lender said rates on products up to 85% loan-to-value have been reduced by 20bps, while those at 90% loan-to-value have fallen by 25bps. Products at 95% loan-to-value have been cut by 10bps. The changes took effect immediately and leave prime rates starting from 5. 29% for borrowers…...
This is a different mortgage market and borrowers are reacting to it
15+ hour, 34+ min ago (695+ words) The Bank of England's Financial Policy Committee now says around 5. 2 million borrowers, or 58% of all mortgagors, could face higher mortgage payments by the end of 2028. That is not a marginal shift, it is the majority of the market. At the…...
Why the government's housing ambitions won't fix the affordability crisis
1+ day, 13+ hour ago (562+ words) According to the latest e. surv House Price Index, average house prices across Britain rose by 1. 8% year'on'year in February, proving that buyers face tightening mortgage affordability and higher deposits against an increasingly unpredictable economic and geopolitical backdrop. Although the government promises…...
Average mortgage payments down "119 year-on-year
2+ mon, 2+ day ago (433+ words) Data from Rightmove shows that the national average monthly mortgage payment in January stood at "1, 592, based on an average asking price of "368, 031. That marks a 7% reduction compared to January 2025, despite average asking prices rising by 0. 5% year-on-year. The improvement has been…...
Bo E chief signals caution over interest rates
5+ day, 11+ hour ago (469+ words) Speaking to BBC News during meetings of the International Monetary Fund in Washington, Bailey said rising oil and gas prices would inevitably feed through into inflation, but stressed that the outlook remains highly uncertain. The comments come ahead of the…...
The Leek lowers mortgage rates across residential and specialist products
1+ week, 3+ day ago (203+ words) The mutual said the changes come as lenders continue to respond to recent volatility in the mortgage market. From Monday, its standard residential products at 95% loan-to-value will be priced at 5. 64% for a two-year fixed rate and 5. 36% for a five-year fixed…...
Ceasefire boosts sentiment more than mortgage market
1+ week, 5+ day ago (774+ words) Reasons include the long-term inflationary impact of the war and weaker demand for UK government debt, said Helen Thomas, CEO of political and economic consultancy Blonde Money, on the latest episode of Housing Unpacked. Even if the current two-week ceasefire…...
Mortgage availability rises as lenders cut pricing
1+ week, 4+ day ago (420+ words) Lenders reported that the availability of secured credit to households rose in the three months to the end of February, with a further increase expected in Q2. Unsecured credit availability remained unchanged over the period but is also forecast to rise…...