As more people take out long-term mortgages, concerned homeowners tell the Money team they will have to work longer and later in life to pay what they owe. By means of Katie Williams, live news reporter @katiejnwilliams Monday June 24, 2024 3:38 PM, UK Many of us see retirement as a peaceful winding down after … Read more
Monday June 17, 2024 6:00 am Part Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp E-mail Share via email Life isn’t much better for renters either, as competition for affordable housing also drives up rents. Renting remains significantly more affordable in Britain than buying a house with … Read more
Image caption, Nadine McKenna said she had no choice but to sell her house Item information Author, Thomas Copeland Role, BBC NewsNI 3 hours ago When Nadine McKenna checked her phone notifications in February, she never imagined she would eventually have to sell her house. Ms McKenna’s banking app broke the news that her mortgage … Read more
Last year saw a sharp increase in biennial fixes as people expected interest rates to fall But this year’s interest rate stalemate means five-year rates are back in favor Just as many people fixate for five years as for two years, says real estate agent Those buying a home or taking out a new mortgage … Read more
Santander has announced a wave of interest rate cuts on its mortgage products, which is a huge win for homeowners and homebuyers. The major lender is reducing rates to selected fixed rates across its purchase, remortgage, buy-to-let and new build ranges. In addition, Santander has announced the launch of a range of new two-year tracker … Read more
The amount of mortgage arrears has risen by 44.5 percent in the first three months of this year as homeowners struggle with higher interest rates, Bank of England data shows. Outstanding payment arrears rose to £21.3 billion, up 4.2 per cent on the last three months of 2023 and up 44.5 per cent on the … Read more