Lenders are currently holding back from aggressively competing on mortgage rates, largely due to the uncertainty that comes with an Autumn Budget announcement, according to Octane...
Rising mortgage rates are affecting the residential sector more than commercial, with the latter taking a greater share of the property market in the past few years.
The buy-to-let brand of specialist lender Foundation Home Loans has announces a number of rate cuts to its core BTL range, with reductions up to 0.5% and rates now starting 5.29%.
Atom bank has announced that it has reduced its Prime mortgage rates by up to 0.30%, plus all Near Prime rates by 0.20%, to immediately pass onto borrowers the latest decrease in swap...
According to the latest market analysis by Chestertons, there has been a 3% drop in new buyers entering the London property market in July compared to June 2023.
First-time buyers this year are paying £200 more per month on their mortgage than last year due to a new record average asking prices and higher mortgage rates.