First-time buyers in Scotland paid less for a deposit in Q1 than the last three months of 2022, according to new data from TSB.
Mortgages
Recent inflation figures have pushed lenders to consider increasing fixed-rate mortgages to 5% and above.
Nationwide Building Society has taken a step towards promoting green home improvements by offering 0% interest on Green Additional Borrowing products. Available from 1 June, these new borrowing options aim to incentivise up to 5,000 mortgage members to make energy-efficient modifications to their ho
Skipton Building Society is set to offer 100% loan-to-value (LTV) home loans for the first time since the 2008 financial crisis, targeting first-time buyers unable to save for a deposit.
The Financial Conduct Authority (FCA) has set out ways for mortgage firms to help customers worried about or already struggling with mortgage payments.
UK mortgage lending is expected to fall slow sharply in 2023 with just 0.7% growth due to rising mortgage rates and falling real household incomes, according to the latest EY ITEM Club Outlook for Financial Services. This comes after lending is projected to rise 4% this year, following strong demand
It has been predicted that millions of families are set to see their annual mortgage payments rise by an average of £5,100 between now and the end of 2024, according to new analysis published by the Resolution Foundation. With the low-interest rate era firmly at an end – the Bank of Engl
Over ten banks and building societies have removed over 1000 mortgage products and limited other products amid economic uncertainty and fear of an imminent interest rate hike.
Demand for financial advice has risen greatly as many struggle to meet mortgage debt payments, a charity has warned. Citizens Advice Scotland (CAS) has seen a big increase in traffic to their website pages for advice on mortgage debt. From June 2021 to June 2022 the views of the webpages 'Schemes th
Bank of England figures have shown that mortgage deals are at a two-year high due to lower bank rates. The figures have shown that approvals increased to 67,306 from 65,506 in June, the highest level since July 2017. They also indicated that mortgage lending rose by £4.6 billion, the biggest i