Mortgages

The interest-only mortgage time bomb… and how to defuse it

These are worrying times for homeowners who have interest-only mortgages. Many will struggle to repay their debt at the end of the loan and face an uncertain future.

Mortgage providers shield borrowers from base rate rise

Wednesday, 13 December 2017 | News

Thirty mortgage providers have not passed on the base rate increase to customers on their standard variable rate (SVR).

Nationwide becomes first major lender to offer equity release

Friday, 17 November 2017 | News

Nationwide has become the first major lender to offer equity release products to older borrowers.

Naive mortgage borrowers are ‘sleepwalking into a financial nightmare’

Thursday, 16 November 2017 | News

Homeowners could be paying over the odds for their mortgage thanks to a lack of basic financial understanding, a consumer group has warned.

First rate rise for 2.6 million first-time buyers: Act now to prevent a mortgage shock

Friday, 03 November 2017 | News

With the base rate raised for the first time in a decade, there is an entire generation of mortgage holders in the UK who have never experienced a rise.

Base rate rise to cost mortgage borrowers £198 per year

Tuesday, 24 October 2017 | News

A 0.25% rise in the Bank of England base rate will see the average variable rate borrower paying £198 more per year for their mortgage.

Ask the Experts: Can we look for a lower mortgage rate before our fixed term ends?

Monday, 23 October 2017 | Question and Answer

Mortgage rates are at a record low at the moment and that applies to buy-to-let deals too. That’s great news for landlords as they can shop around for a cheaper mortgage deal.

Borrowers in race to remortgage as interest rates start to rise

Wednesday, 18 October 2017 | News

The years since the financial crisis have been a boon for homeowners as mortgage rates have fallen to historic lows.

Homeowners at risk as mortgage benefit scheme faces axe

Monday, 09 October 2017 | News

Homeowners who receive mortgage support payments from the government could be left in financial trouble after the free benefit scheme is withdrawn next year.

Millennials are the most savvy age group when it comes to switching mortgages

Tuesday, 31 October 2017 | Blog | By Helen Knapman

As regular readers of Moneywise will know, I bought my first house this summer – cue the popping of champagne and big smiles all round after five anxious months waiting for the sale to be signed on the dotted line.

Accord Mortgages unveils record low 0.99% mortgage

Tuesday, 19 September 2017 | News

Accord Mortgages has launched a 0.99% two-year fixed rate mortgage at 80% loan to value (LTV).