mortgage

Changing lifestyles and affordability challenges mean a growing number of people are buying their first home in their 50s and 60s. Stepping onto the property ladder later in life can still be rewarding and financially worthwhile, but it could present some additional obstacles to overcome. According to data from Legal & General, in the first three months of 2024, there ...

Taking out a new mortgage is often a trigger for considering how you or your family would cope if you faced a financial shock. Yet, a report from Which? suggests that more than half of homeowners don’t have enough life insurance to protect them. If you took out life insurance, it would pay a lump sum to your beneficiaries if ...

Rising interest rates have been big news over the last couple of years, with many mortgage holders seeing their outgoings increase. It’s not just individual families that have been affected, it’s having a wider impact on the property market too. To tackle high inflation the Bank of England (BoE) started increasing its base interest rate at the end of 2021. ...

Over the last couple of years, rising interest rates have had a huge effect on the cost of borrowing. If your mortgage deal expires soon, you might be wondering if interest rates will return to “normal” and whether you’d benefit from choosing a fixed- or variable-rate mortgage deal. The Bank of England (BoE) sets the base rate, and it’s increased ...

Rising property prices mean homeowners who sold in 2023 made an average profit of £74,000. Gains could help you move up the property ladder, but they could also be useful even if you don’t move and might lead to lower mortgage repayments. Read on to find out if you could benefit from rising property prices. Just 1 in 10 homes ...

Homeowners with fixed-rate mortgage deals that end in 2024 could face much higher repayments due to rising interest rates. If your mortgage deal expires this year, being proactive could help you manage your outgoings. High inflation over the last couple of years has led to the Bank of England (BoE) increasing interest rates. In November 2021, the BoE base interest ...

If you’re searching for a new mortgage, you could have more options than you expect. While it may present an opportunity to secure a competitive deal, it might also be overwhelming. Read on to find out how you could effectively narrow down your choices. According to Moneyfacts, the number of mortgage deals on offer increased for the sixth consecutive month ...

With interest rates at their highest level since the 2008 financial crisis, finding a mortgage deal that’s right for you could save you thousands of pounds over the long term. Following the 2008 financial crisis, the BoE slashed its base interest rate, and it remained below 1% for more than a decade. During the Covid-19 pandemic, it cut the rate ...

After more than a decade of historically low interest rates, the Bank of England (BoE) has repeatedly raised the base rate since late 2021 in a bid to control inflation. This has squeezed the budgets of many homeowners who have seen their mortgage repayments increase when their current deal has come to an end. While the BoE held the base ...

Data suggests that buy-to-let investors could get greater returns on their investment by purchasing property in the north. As soaring interest rates mean landlords are paying far more in mortgage payments, finding properties with a great rental yield could ease the pressure, but so could securing a mortgage that suits your needs. According to a MoneyWeek report, the north of ...