[ Britain’s biggest mortgage lender Halifax has become the latest brand to reveal it will increase mortgage rates this week, following a slew of other hikes earlier this week. Halifax emailed brokers today to say that from Friday, it will be increasing mortgage rates on numerous deals by up to 0.2 percentage points. It is … Read more
[ Areas of the UK with high numbers of renters are seeing their financial situations worsen while those in areas of high homeownership are seeing their finances improve, according to analysis. Urban areas with a large proportion of tenants saw big increases in defaults on borrowing, higher benefits use, and a growing number of people … Read more
[ (NewsNation) — For many Americans, the dream of owning a home has looked more like a nightmare in recent years. Mortgage rates are up, inventory is low, and prices are soaring. The challenging real estate market has left some buyers wondering: Isn’t there a better way? One alternative can be found in The Netherlands. The … Read more
[ UK mortgage arrears have hit a seven-year high in the final quarter of 2023, according to Bank of England data, which reveals the impact of high borrowing costs on household finances. The proportion of total loan balances with arrears rose to 1.23 per cent in the fourth quarter last year, up from 1.12 per … Read more
[ Lenders are pulling mortgage rates at the quickest rate for six months, with customers facing costs totalling hundreds of pounds per year more a result. The average shelf-life of a mortgage has nearly halved since the start of February, according to data from Moneyfacts, with the average deal on the market for only 15 … Read more
[ BEIJING: China needs to do more to boost employment and stabilise its property market, top officials acknowledged on Saturday, as policymakers struggle to revive the country’s battered economy.Beijing is grappling with a prolonged property sector crisis, record youth unemployment and a global slowdown hammering demand for Chinese goods.Youth unemployment hit an unprecedented 21.3 percent … Read more
[ Homeowners in England and Wales who sold up last year made an average of around £100,000 more than the amount they originally paid for their property, according to analysis by an estate agents. Hamptons, which carried out the research, looked at people who had bought their homes in the past 20 years and then … Read more
[ The cheapest mortgage on the market has been pulled from sale after just two days. The Co-operative Bank announced last Friday that it was launching a new market-leading five-year mortgage at a rate of 3.89 per cent, with an even cheaper rate of 3.84 per cent available for those taking out a loan of … Read more
[ Is the mortgage market turbulence getting you down? Have you got a mortgage-related question you need answering? Email in and we’ll get one of our experts to reply. Nick Mendes, mortgage technical manager at John Charcol, has given his advice to a reader below. If you have a question for our experts, email us … Read more
[ The country’s biggest mortgage lender, Halifax, slashed mortgage rates today with others set to follow in a “fight” to secure business at the start of the year. The bank has taken the decision to cut rates by up to 0.83 percentage points and now offers a two-year fix at 4.81 per cent for those … Read more
