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News
Atom bank cuts residential mortgage rates by 0.10%
4+ day, 8+ hour ago (187+ words) The lender has cut rates by 0.10% with immediate effect, taking pricing to a starting rate of 5.19% on Prime products at 85% LTV and Near Prime products at 60% LTV. The reductions follow recent changes to Atom bank’s lending criteria, including a cut…...
Mortgages Got T'alent launches for 2026
5+ day, 3+ hour ago (281+ words) Taking place at Piazza Italiana on Wednesday 25 November, the event will bring together familiar faces from across the mortgage market for an evening of music, entertainment and a few surprises along the way. It follows the success of last year’s…...
Nearly 900,000 borrowers lock in mortgage deals early
6+ day, 4+ hour ago (548+ words) A total of 381,364 mortgages were secured early during the second quarter, following 499,271 in Q1, taking the first-half total to 880,635. The figures come from lenders signed up to the Government’s Mortgage Charter, which allows customers to secure a new deal up to…...
Mortgage advances rise 11% as high-LTV lending reaches 18-year high
6+ day, 6+ hour ago (729+ words) The latest Mortgage Lenders and Administrators Statistics showed gross advances increased to £77.4 billion during the quarter, 31.7% higher than a year earlier. The figures, published on 8 September, are based on Mortgage Lenders and Administrators Return data supplied by around 340 regulated mortgage…...
Mortgage rates set to rise as leading banks reprice deals
1+ week, 3+ hour ago (521+ words) HSBC and NatWest are among the biggest banks to have increased rates since the start of September, according to analysis by Moneyfactscompare.co.uk, with further repricing expected in the coming days. Lenders are reviewing their margins after swap rates…...
House prices record first annual fall since November 2023
1+ week, 9+ hour ago (679+ words) Prices slipped by 0.2% over the month, following a 0.1% fall in July. The average property price stood at £298,468, compared with £299,153 a month earlier. Despite the recent declines, prices remained 0.2% above their level at the start of the year. Andrew Asaam, mortgages…...
HSBC UK to raise rates across residential and buy-to-let ranges
1+ week, 1+ day ago (471+ words) The lender’s notice to intermediaries covers purchase and remortgage products, including its energy-efficient home ranges. It does not specify the size of the increases or the new rates. For first-time buyers and home movers, the increases apply to two-year and…...
Newcastle BS cuts residential rates and adds base rate trackers
1+ week, 6+ day ago (184+ words) The reductions cover selected purchase, remortgage and product transfer deals across several terms and loan-to-value tiers, including products at up to 95% LTV. Rates have also been lowered on fee-assisted products, which are intended for borrowers seeking to limit their upfront…...
Mortgage approvals fall as affordability pressures weigh on buyers
1+ week, 6+ day ago (728+ words) Net mortgage approvals for house purchases declined to 56,100 in July, from an average of about 60,800 during the previous six months, according to the Bank of England’s latest Money and Credit figures. Net borrowing of mortgage debt by individuals dropped to…...
UK residential property transactions fall in July as uncertainty weighs on market
2+ week, 2+ day ago (855+ words) The provisional seasonally adjusted estimate was 96,710 transactions, according to HM Revenue and Customs, down 2% from 98,390 in June and 1% compared with July 2025. On a non-seasonally adjusted basis, residential transactions rose to 106,620, an increase of 3% from June and 5% year on year. Seasonally…...