Mortgages News | London Mortgage News | LondonLovesProperty https://londonlovesproperty.com/finance-investment/mortgages/ Property News Tue, 14 Nov 2023 13:53:05 +0000 en-GB hourly 1 https://londonlovesproperty.com/wp-content/uploads/2021/02/LLP-favicon.jpg Mortgages News | London Mortgage News | LondonLovesProperty https://londonlovesproperty.com/finance-investment/mortgages/ 32 32 Homebuyer appetite drops in 2023 https://londonlovesproperty.com/homebuyer-appetite-drops-in-2023/ Tue, 14 Nov 2023 13:53:05 +0000 https://londonlovesproperty.com/?p=104528 Appetite among buyers has abruptly fallen across all regions this year, data from property purchasing specialist, House Buyer Bureau has revealed. The firm measured transactions as a percentage of for-sale…

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]]> HSBC announces widespread rate cuts as brokers brace for busy end to year https://londonlovesproperty.com/hsbc-announces-widespread-rate-cuts-as-brokers-brace-for-busy-end-to-year/ Tue, 14 Nov 2023 13:06:15 +0000 https://londonlovesproperty.com/?p=104526 HSBC has just announced it is cutting rates from tomorrow, 15 November. Brokers welcomed the move, saying the lender means business and are bracing themselves for a busy end to…

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]]> Mortgage arrears and possessions Q3 2023 https://londonlovesproperty.com/mortgage-arrears-and-possessions-q3-2023/ Thu, 09 Nov 2023 10:50:36 +0000 https://londonlovesproperty.com/?p=104511 UK Finance’s latest data shows that there were 87,930 homeowner mortgages in arrears in Q3 2023, seven per cent more than the previous quarter. The number of BTL mortgages in…

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]]> Mortgage support for struggling households: Get help with mortgage payments https://londonlovesproperty.com/mortgage-support-for-struggling-households-get-help-with-mortgage-payments/ Wed, 01 Nov 2023 14:48:50 +0000 https://londonlovesproperty.com/?p=104487 The recent Bank of England rate increases have sent tremors through the housing market. UK homeowners, once comfortably ensconced with low fixed-rate mortgages, are feeling the shock as they transition…

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]]> BoE to consider major interest rate decision on Thursday, but what could this mean for the UK property market? https://londonlovesproperty.com/boe-to-consider-major-interest-rate-decision-on-thursday-but-what-could-this-mean-for-the-uk-property-market/ Tue, 31 Oct 2023 11:56:18 +0000 https://londonlovesproperty.com/?p=104485 Thursday will see the Bank of England’s Monetary Policy Committee (MPC) decide on the future trajectory of interest rates, the first time the MPC have sat together since September’s decision…

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]]> Buy-to-let mortgage inflation outstripping rents https://londonlovesproperty.com/buy-to-let-mortgage-inflation-outstripping-rents/ Wed, 11 Oct 2023 11:08:01 +0000 https://londonlovesproperty.com/?p=104431 Landlords have seen their mortgage payments rise at a faster rate than rents in the past year, signaling that some investors aren’t passing on all their rising costs to tenants.…

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]]> Autumn busiest time of year for home sellers over the last 10 years https://londonlovesproperty.com/autumn-busiest-time-of-year-for-home-sellers-over-the-last-10-years/ Thu, 05 Oct 2023 11:29:55 +0000 https://londonlovesproperty.com/?p=104415 The latest research from estate and lettings agent, Barrows and Forrester, has revealed that hopeful sellers already on the market still have a strong chance of completing before Christmas, with…

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]]> Virgin Money makes affordability improvements and provides higher multiples https://londonlovesproperty.com/virgin-money-makes-affordability-improvements-and-provides-higher-multiples/ Thu, 05 Oct 2023 11:19:31 +0000 https://londonlovesproperty.com/?p=104414 Virgin Money this morning announced it has “made some improvements to our affordability calculations. This means, for most customers, we can now lend more today than we could last week”.…

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]]> The answer to home ownership in the UK https://londonlovesproperty.com/the-answer-to-home-ownership-in-the-uk/ Tue, 03 Oct 2023 15:01:06 +0000 https://londonlovesproperty.com/?p=104404 HomeNow is a rent to buy home purchase scheme that aligns the interests of residents (tenants) with the interests of HomeNow (the landlord). The business seeks to offer a viable…

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]]> TSB announces rate cuts as lenders battle for secure market share https://londonlovesproperty.com/tsb-announces-rate-cuts-as-lenders-battle-for-secure-market-share/ Mon, 02 Oct 2023 13:33:07 +0000 https://londonlovesproperty.com/?p=104397 TSB has this morning announced further rate cuts as lenders battle to secure market share, with rates starting from 4.89%. The lender announced, “On Tuesday 3 October, we’re making further…

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