Mortgage News

Making changes to your mortgage may also affect your credit file, with prospective lenders in the future being able to see that you took action because of fears of meeting your repayments. Switching the loan to an interest-only arrangement, either permanently or for a limited period, slot sites with more cheese please again to lower monthly payments. Launched in April 2021, the scheme enables first-time buyers to buy a home with a 5percent deposit. According to Moneyfacts, the average two-year fixed-rate deal stood at 2.38percent a year ago, but has increased markedly over the intervening period to 5.79percent today. Product choice is also showing signs of improvement, following a significant drop in available deals at the end of last year.

  • Halifax is increasing its two and five-year fixed rates for residential homebuyers by up to 0.2 percentage points from Wednesday , writes Jo Thornhill.
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