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Historical interest rates in the UK, 1979-2017: rise and fall
Mar 29, 2018 · 2007-2017 Under the impact of the global financial crisis, the base interest rate fell to its lowest level for 300 years. Starting at 5.75 per cent in July 2007, rates had fallen to 0.5 per cent by March 2009, with a further fall to 0.25 per cent in August 2016. There was a very slight rise back to 0.5 per cent in November 2017.
The latest breaking UK mortgage news | Mortgage Strategy
Mortgage News. Mortgage Strategy offers the latest breaking UK mortgage news, covering mortgage rates, house prices, buy-to-let rates, mortgage products and other news around mortgage brokers, mortgage advisers and the mortgage industry as a whole. Mortgages.
Santander introduces new rates across BTL products
Georgie Lee 22 March 2022. Santander is introducing new buy-to-let (BTL) purchase and remortgage rates, and relaunching selected fee-free residential remortgage rates. New residential mortgage rates across two and five-year fixes are set at 2.44% with 85% LTV, while rates will be set at 2.89% and 2.99% for 90% LTV across two and five-year fixes ...
LSL sells two firms to private equity firm Pivotal Growth
Gary Adams 13 January 2023. LSL has sold Group First – which comprises Mortgage First and Insurance First – and RSC New Homes to Pivotal Growth. Both firms specialist in the new-build sector. Pivotal Growth was established in April of 2021 as a joint venture between LSL Property Services and private equity investors Pollen Street Capital ...
Santander for Intermediaries improves LTI ratios
Feb 14, 2023 · Santander for Intermediaries has updated the loan-to-income (LTI) ratios in its affordability calculator. The changes come into effect today (14 February). For those with a combined income of less than £45,000 the LTI is now 4.45x income on capital and interest and interest-only products. For those with a combined.
Average fixed rates are only going one way - Mortgage Strategy
Jul 14, 2023 · Average fixed mortgage rates continued to rise this week putting even greater pressure on UK homeowners and buyers. The average two-year fixed with LTV of 95% rose from 6.88% last Friday to 7.08% today. For a two-year fixed with max LTV of 8% the rate increased 0.22% over the week to 6.81%. Similar increases are
Newcastle Intermediaries doubles offer period to six months
May 15, 2023 · Newcastle Intermediaries has doubled the validity period of its borrower loans to six months. The broker-only arm of Newcastle Building Society says the move will help buyers in “property chains where the process can take longer, or customers looking to re-mortgage well ahead of their current deal expiring”. The changes to its offer period ...
L&G Mortgage Club launches hub to support net zero
Becky Bellamy 11 August 2022. Legal & General Mortgage Club has launched a green hub to support the mortgage industry as the UK works towards its net zero goal. The hub includes a calendar of key milestones for industry professionals to be aware of, which currently stretches to 2035, and covers subtopics including heat pumps, energy performance ...
Landlord confidence strengthens as capital gain hopes rise
David Burrows 13 February 2024. Landlord confidence has improved across all metrics year-on-year, with many feeling confident about the opportunity for capital gains on their properties, the private rental sector (PRS) as a whole, and the UK financial market. This is according to the latest results from the latest 2023 BVA BDRC Landlord Panel ...