Latest mortgage news - Mortgage Buyers
Phase two of Help to Buy more expensive than expected
The second phase of the Help to Buy scheme launched by the government is likely to see mortgage costs at 5%.
House prices rising at fastest rate for three years
According to the UK’s largest lender the Halifax annual growth is at 6% after eight months of rising property prices.
Mortgage approvals reach a five-year high
The Bank of England has confirmed the number of mortgages approved is at the highest level for the past five-and-a-half years.
Help to Buy scheme brought forward by David Cameron
David Cameron has promised to launch the Help to buy scheme with mortgages up to 95% loan to value.
First time buyers ask for longer mortgage terms
To reduce the cost of repayment mortgages, first time buyers are opting for longer terms of up to 40 years.
House prices and mortgage lending heading for next housing bubble
Bank of England figures show mortgage approvals increased to 60,624 the highest level since March 2008.
House prices higher as mortgage lenders more competitive
Property prices are up by 3.5% according to Nationwide as mortgage lenders offer more competitive loans.
Interest only mortgages making a comeback
A year after interest only mortgages were criticised by the regulator two banks are plan a comeback.
Buy-to-let mortgage lending reaches £5bn
Loans to buy-to-let investors is 31% higher by value over the year reaching the highest level since 2008.
Demand from buyers returns despite higher mortgage rates
Buyer demand is down only -11% compared to 2019 and recovered from the September mini budget even though mortgage rates are higher.
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