Tom Bill, head of UK residential research at Knight Frank, looks at the likely impact felt by borrowers coming off fixed-rate deals agreed some time ago on better terms.
Related topic: Mortgages
New products included in the suite include two and five-year fixed rates, available to both 65% and 75% LTV.
Sentiment in the housing market has also improved, with the latest BSA data revealing it is now at its highest since December 2021.
New research from TML has revealed that a similar number will need to renew their mortgage in the following 2-3 years.
The individual pricing approach for Payment Term Lifetime Mortgage products follows similar pricing for the lender's Interest Roll Up Lifetime Mortgage and Optional Payment Lifetime...
The lender has lowered rates across selected 90% LTV products by up to 55bps following customer feedback and changes in market activity.
The bank has reduced rates across its variable rate commercial mortgage products by 0.30% ahead of an expected reduction of the base rate in the months ahead.
20% of over-55s do not expect to retire mortgage-free, according to new findings from the Equity Release Council.
Uncertainty in the mortgage market has seen sellers prepared to stretch even further for a cash buyer.
The number of affordable options for first-time buyers fell by 40% in 2023, according to new data from Mortgage Broker Tools.
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