Latest News
Moneyfacts: only nine fixed mortgage deals remain below 5%
Moneyfacts says only nine fixed mortgage deals remain below 5%, while the average five-year fixed rate has reached 6%.
Moneyfacts says only nine fixed mortgage deals remain below 5%, while the average five-year fixed rate has reached 6%.
Bank of England data shows August mortgage approvals fell to 54,900 as the effective rate on new mortgages rose to 4.60%.
Santander has cut selected buy-to-let purchase rates by up to 0.13 percentage points, with the lender’s latest pricing taking effect from 11 August as August repricing pressure spreads across the market.
Santander will raise buy-to-let fixed rates by up to 0.25 percentage points from 22 July, extending the latest repricing wave for landlords.
NatWest has increased mortgage rates from today, with rises of up to 27 basis points, adding fresh pressure for landlords who had hoped the recent…
Pegasus says the average landlord now owns 7.3 properties, while 56 percent of geared landlords with at least four buy-to-let loans expect to remortgage within 12 months.
The Mortgage Works is cutting selected buy-to-let rates again from today, with a limited company two-year fixed deal falling to 4.98% as lender competition stays active in the remortgage market.
Moneyfacts said two-year fixed mortgage searches rose to 55.6% in May even though five-year deals were cheaper, as landlords bet on refinancing after expected rate cuts.
Mortgage searches rose to 2,150,593 in March as landlords and other borrowers reacted to shifting rate expectations and another bout of market uncertainty. Data from…
Santander is cutting selected buy-to-let purchase fixed rates by up to 0.25% and reducing some landlord product transfer rates, offering a small sign that lenders…