After years of falling rates the 10-year fixed rate mortgage costs are beginning to rise according to research from Moneyfacts.
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Category Archives: Re-mortgage Buyer
The cost of a mortgage as a proportion of household income has reached an historic low although there is no increase in house purchase activity.
House prices in the UK are up over the year and remain stable as the number of sales completed have dropped by up to a third.
One in six families have been offered a smaller mortgage from a lender due to their childcare costs adding to parents stress and anxiety.
The growth rate for homes has slowed to 5.8% a year the slowest rate since August 2013 according to the Halifax house price index.
Many London boroughs continue to see house price growth in double figures although the average rate is slowing.
The Bank of England has reduced interest rates from 0.5% to 0.25% but will your mortgage benefit from the decrease?
The lowest ever ten year fixed rate mortgage deal at 2.39% is launched by the Coventry Building Society after EU referendum.
Uncertainty created with Brexit could see house prices fall by 5% and decreasing swap rates may produce better mortgage deals.
Homeowners borrowed £8.2 billion for the month to April 2016 down £5.4 billion or 40% after a significant rise in mortgage activity last month.