Jan 3, 2025 · First-time buyers have bounced back during 2024 as positive developments including successive falls in Bank Base Rate have boosted their affordability potential. While the latest analysis from Yorkshire Building Society supports this view, according to YBS’s group economist Max Shepherd, the Government’s Budget

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Oct 30, 2024 · The Office for Budget Responsibility has increased forecasts for both house prices and future mortgage rates compared to its March predictions. In its latest Economic and Fiscal Outlook, published today, the independent body says it expects average interest rates on outstanding mortgages to rise from around 3.7 per

Dec 23, 2024 · As the market closes on a somewhat turbulent year, there is cautious optimism within the industry for 2025. The Intermediary Mortgage Lenders Association (IMLA) has predicted that 2025 will see healthy lending growth, greater intermediary business and more remortgaging. In its latest report the association expects

Dec 6, 2024 · Aviva has agreed a £3.6bn takeover deal with Direct Line, after winning over its smaller rival with an improved bid. Aviva, the UK’s largest insurer which also holds an equity release business, has offered to pay 275p in cash and shares for Direct Line. This is up from the 250p cash and share offer Aviva tabled last

Jan 3, 2025 · HSBC will cut mortgage rates across a broad range of products, following two other major lenders this week. The high street bank will lower residential and landlord loans across two-, three-, five- and 10-year terms from Monday (6 January) and loan to values from 60% to 95%, without giving further details on the scale of reductions.

Nov 11, 2024 · House prices will rise by 3% across the UK in 2025, followed by 3.5% in 2026 and 2.5% in 2027 as the affordability picture improves. This is according to the latest data from estate agent Hamptons which says 2025 will mark the beginning of a new property market cycle. The agent suggests that like the market

Nov 13, 2024 · Barclays is the latest major lender to confirm rate increases across its mortgage product range. Changes which come into effect from 14 November include, on residential purchase only, the 3.96% Premier two year fixed £899 product fee, 60% LTV, Min loan £5k, Max loan £2m, increasing to 4.30% The 4.12% five-year fixed

Sep 10, 2024 · Barclays has become the latest lender to halve the amount of time borrowers have to lock down a new rate from six months to three. It follows similar moves from Halifax, Nationwide and Santander. In a message to brokers, Barclays says it is reducing its product transfer window from 180 days to 90. The lender says it

Mar 13, 2023 · Clydesdale Bank has updated its buy-to-let (BTL) mortgage criteria. The lender has announced it will now have no minimum income requirement and no minimum rental cover requirement. It says that the updates will be “especially good news for landlords with lower rental yields”. Last week, Clydesdale announced that it