Nationwide to allow first-time buyers to borrow six times their …
Sep 23, 2024 · David Hollingworth, associate director of communications at L&C Mortgages, said: “Helping Hand has been a front runner in expanding the range of options open to first-time buyers who continue to struggle with affordability. Building an adequate deposit is hard enough, especially when the available mortgage borrowing is capped, and prices remain high.
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Santander ups fixed mortgage rates across the board
Nov 11, 2024 · Santander is increasing the majority of its residential and buy-to-let fixed mortgage rates including product transfers by up to 0.31%. From Tuesday, selected standard residential fixed rates across purchase, remortgage and green products are increasing by up to 0.29% while large loan fixed rates are rising by up to 0.20%.
HSBC to lower residential and BTL rates with sub-4% deals available
Sep 3, 2024 · HSBC confirmed that it has removed its three-year fixed rate in its residential first-time buyer, homemover and remortgage range and scrapped cashback for its first-time buyer range between 60% and 75% loan to value (LTV) until further notice.. On the residential existing customer switching and borrowing more, fee-free and standard fee two-year fixed rates from 60% to 90% LTV have been cut ...
Autumn Budget 2024: Stamp duty to rise to 5% on second homes, …
Oct 30, 2024 · Stamp duty is increasing from 3% to 5% on second homes from tomorrow, costing landlords an extra £7,000 on an averagely priced property. Chancellor Rachel Reeves announced the surprise tax increase in the Autumn Budget, claiming it would help first …
NatWest raises mortgage rates by up to 0.35%
Nov 13, 2024 · NatWest has become the latest lender to increase its mortgage rates this week, with changes of up to 0.35%. The mortgage rate changes will come into effect on 14 November and apply to select residential, buy-to-let (BTL) and green deals for new NatWest borrowers.
TSB launches one-year fix and ups rates
Oct 14, 2024 · TSB is launching a one-year fixed rate product transfer as well as upping the rates on select mortgage deals. From tomorrow, existing customers can access a 5.95% one-year fixed rate for residential or buy-to-let (BTL) deals available up to 75% loan to value (LTV).
OBR raises forecasts for mortgage rate and house price growth
Oct 31, 2024 · The Office for Budget Responsibility (OBR) has increased its forecasts for house price and mortgage rate growth over the next five years. Average interest rates on existing mortgages are expected to rise from around 3.7% this year to a peak of 4.5% in 2027, where they are forecast to remain until 2030, the OBR said in its Economic and Fiscal Outlook.
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Mortgage rate war comes to possible ‘halt’ as swap rates creep up
Oct 9, 2024 · The recent mortgage rate war seems to have ended as swap rates rose above 4% this week. According to Chatham Financial, the two-year swap rate was 4.06% as of 7 October, while the five-year swap rate was 3.81%.. These were both higher than respective rates of 3.91% and 3.56% in September.