Breaking news
Mortgages needing 10 per cent deposits are continuing to return to the market, in a welcome move for first-time buyers. Lenders have launched 117 new products since the beginning of the year, and 29 in the first two weeks of February alone, according to information website Moneyfacts. These lower-deposit mortgages are popular with first-time buyers, … Read more
Boris Johnson has warned banks they must not refuse mortgages on homes with cladding that are ‘perfectly safe’. Thousands of homeowners face the cost of removing cladding from their buildings in the wake of the Grenfell tragedy, which killed 72 people in 2017. Speaking at Prime Minister’s Questions today, Mr Johnson was asked to come … Read more
Metro Bank, Nationwide and Barclays have all dropped the interest rates on their 10 per cent deposit mortgages, which are popular with first-time buyers – but rates are still higher than pre-pandemic
More choice for landlords as number of buy-to-let mortgage deals on offer increases – but rates are also nudging higher There are nearly 2,000 buy-to-let mortgages on the market right now Although more than last month, this is still far fewer than before the pandemic Lenders are bringing back 20 per cent deposit products for … Read more
HSBC next to bring back 10% deposit mortgages, joining raft of other major lenders including Coventry and Lloyds The lender will reinstate its 90% loan-to-value deals as of next week It follows similar moves from other banks such as NatWest and Halifax HSBC is yet to announce rates, but its competitors have set them fairly … Read more
Danish borrowers are offered interest-FREE mortgages for 20 years The fixed-rate loans are on offer from Danish branch of a Helsinki-based bank Other lenders including Denmark’s largest bank are eyeing up similar offers Denmark’s central bank has had a negative benchmark rate for over eight years By Tim Stickings For Mailonline Published: 15:09 GMT, 6 … Read more
Coventry Building Society becomes latest lender to bring back 10% mortgages in a boost for home buyers seeking low-deposit deals UK’s second-largest building society is re-entering 90% loan-to-value market These mortgages are popular with first-time buyers and movers with low equity Low-deposit products were pulled by almost all lenders in 2020 due to Covid Providers … Read more
Mortgages reach a 13-year high: More than 100,000 loans for house purchases got the go-ahead in November, marking highest monthly figure for more than three years Some 105,000 loans for house purchases got the go ahead, the BoE said This was up from 98,300 in October and marked the highest monthly figure since August 2007 … Read more
Can you get a mortgage on furlough? Lenders are tightening the screws but if you know where to look, it is possible Searches for furlough-friendly mortgages were up 230% in November Many lenders shunning furloughed workers unless they have returned to work But there are still options available, say mortgage advisers By Ed Magnus For … Read more
First-time buyer boost: NatWest joins growing list of lenders relaunching mortgages needing 10% deposits that were pulled in the Covid-19 pandemic Four new products available at NatWest and Royal Bank of Scotland The two and five-year fixed term deals will require a 10% deposit They are open to both first-time buyers and home movers Yorkshire … Read more