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Two of Britain’s biggest banks have pulled new mortgages for all but those with the biggest deposits or sizeable equity in their homes. Barclays and Halifax have both stopped selling all mortgages above 60 per cent loan-to-value this week, as the housing market grinds to a halt amid the coronavirus outbreak. The move triggered by … Read more
Physical health is at the top of all our minds, but coronavirus could have a severe impact on your financial health too. It is crucial that you prepare for the coming months to ensure your finances are as insulated as they can be from the fallout. The good news is that many institutions such as … Read more
With the emergency base rate cut, a Budget and markets crashing amidst the escalating coronavirus crisis, many will be worried about how this chaos will hit their finances. In theory, mortgage holders with tracker deals and most of those on standard variable rates and discount rates should see a slight reduction in their monthly bills … Read more
The Bank of England has slashed its base rate by half a percentage point to 0.25 per cent, the steepest rate cut since the 2008 financial crisis. It said the emergency cut, the first reduction since August 2016, was to counter the ‘economic shock’ of the coronavirus outbreak. After two years at 0.75 per cent, … Read more
More choice for older borrowers looking for retirement interest-only mortgages By Money Mail Reporter For The Daily Mail Published: 22:00 GMT, 25 February 2020 | Updated: 00:24 GMT, 26 February 2020 Older borrowers now have more retirement interest-only (Rio) mortgages to choose from. There are 18 providers offering 74 deals — up from just 36 … Read more
Five-year fixed rate mortgages are nearly as cheap as two-year deals – but should you lock in for longer? Gap between two and five-year fixes shrinks to smallest margin in seven years 10-year fixed rates are also getting cheaper as lenders fight for customers Two-year fixed rates are still dropping but at a much slower … Read more