Mortgage News – 13th December 2024 Good morning, Last week we saw lenders reducing fixed mortgage rates, including Barclays, TSB, Santander, and Halifax, offering relief to borrowers. Meanwhile, housing affordability challenges persist, as ONS data highlights deepening disparities, and house prices reached record highs with a 4.8% annual increase in November. On the economic front,… Read more
Summary We recently helped a customer arrange a £230,000 mortgage to purchase a new home following a separation and the sale of their jointly owned property for £520,000. The customer wanted a five-year fixed rate for payment stability, while also keeping monthly payments as low as possible by using the longest suitable mortgage term. They… Read more