Homeowners and potential buyers can expect further mortgage rate cuts in the coming weeks, real estate agents say. Major lenders have slashed their interest rates in recent weeks, and experts say competition to attract customers this summer will likely lead to further cuts this month. Barclays and HSBC both cut interest rates for the second … Read more
Keir Starmer has pledged to keep mortgage rates ‘as low as possible’ Higher mortgage rates have been a thorn in the side of homeowners for almost two years. According to Moneyfacts, the average interest rate on five-year fixed-rate mortgages is still above 5%, while the interest rate on two-year fixed-rate mortgages is closer to 6%. … Read more
Higher mortgage rates have been a thorn in the side of homeowners for almost two years. According to Moneyfacts, the average interest rate on five-year fixed-rate mortgages is still above 5%, while the interest rate on two-year fixed-rate mortgages is closer to 6%. That’s a lot lower than the 2.5% averages we saw at the … Read more
Three more mortgage lenders have announced that they will be lowering mortgage rates, marking a new shift towards lower mortgage costs. Barclays, HSBC and Yorkshire Building Society have all cut their rates, after Santander and Halifax earlier this week. Yorkshire BS has reduced its mortgage interest rate by up to 0.2 percentage points. Drop: HSBC … Read more
Britain’s biggest banks have launched a new war over mortgage prices. Barclays and HSBC cut interest rates for the second time in two weeks. Major lenders are lowering their fixed mortgage rates It could come as a relief to borrowers looking for a better deal, but given the higher interest rates, many people looking to … Read more
Image source, Getty Images Item information Author, Nick Edser Role, Business reporter, BBC News 3 hours ago High mortgage rates mean affordability is still “stretched” for many homebuyers, Nationwide said. The building society said that while profits had risen faster than house prices in recent years, this had not been enough to offset the impact … Read more
Image source, Shutterstock Item information Author, Charlotte Edwards Role, BBC business reporter June 27, 2024 12:17 BST Updated 2 hours ago Around three million households will see their mortgage costs rise over the next two years, the Bank of England has said. The Bank’s latest Financial Stability Report also states that around 400,000 mortgage holders … Read more
HSBC, Barclays and NatWest are among the big major lenders cutting mortgage rates as experts say ‘things are looking much more optimistic’. The Bank of England will cut the base interest rate. Interest rates have remained relatively high following the central bank’s decision to raise the UK base rate as it battles to bring down … Read more
MAJOR lenders are lowering mortgage rates as an incentive for borrowers. NatWest and Barclays have cut rates by up to 0.31%, while HSBC has announced it will cut rates from tomorrow (June 26). Three major lenders have cut mortgage rates in a positive signCredit: Alamy HSBC said more than 300 deals will be completed across … Read more
HSBC has announced a wave of interest rate cuts from tomorrow Barclays has cut fixed rates for homebuyers, including the best new purchases NatWest has cut rates for people refinancing – including some best buys Three major lenders have cut mortgage rates, which could mark the start of a downward shift in home loan pricing. … Read more