UK mortgage price war hots up with 0.94% fixed-rate deal
UK mortgage price war hots up with 0.94% fixed-rate deal
Deals offered by HSBC and TSB are available only to borrowers with hefty deposits
UK mortgage borrowers now have the choice of two loans with interest rates fixed at 0.94% for two years as the price war between lenders heats up.
HSBC and TSB are offering the ultra-low rate, which undercuts the previous best buy of 0.95%, and adds to a rising number of sub-1% deals for borrowers with large deposits.
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Deals offered by HSBC and TSB are available only to borrowers with hefty depositsUK mortgage borrowers now have the choice of two loans with interest rates fixed at 0.94% for two years as the price war between lenders heats up.HSBC and TSB are offering the ultra-low rate, which undercuts the previous best buy of 0.95%, and adds to a rising number of sub-1% deals for borrowers with large deposits. Continue reading...
Deals offered by HSBC and TSB are available only to borrowers with hefty depositsUK mortgage borrowers now have the choice of two loans with interest rates fixed at 0.94% for two years as the price war between lenders heats up.HSBC and TSB are offering the ultra-low rate, which undercuts the previous best buy of 0.95%, and adds to a rising number of sub-1% deals for borrowers with large deposits. Continue reading...
Launch by Kensington Mortgages comes amid expectations that era of ultra-low interest rates will endA mortgage offering fixed monthly payments for 40 years was launched this week โ and it could mean that some homebuyers will be able to borrow more money than with a standard deal. The Flexi Fixed for Term deal from Kensington Mortgages allows borrowers to fix their interest rate for the full term of the loan, which can be set anywhere between 11 and 40 years. Continue reading...
Launch by Kensington Mortgages comes amid expectations that era of ultra-low interest rates will endA mortgage offering fixed monthly payments for 40 years was launched this week โ and it could mean that some homebuyers will be able to borrow more money than with a standard deal. The Flexi Fixed for Term deal from Kensington Mortgages allows borrowers to fix their interest rate for the full term of the loan, which can be set anywhere between 11 and 40 years. Continue reading...
Notwithstanding some additional rate hikes last week, fixed mortgage rates have seemingly plateaued following a stellar run-up over the past several months.
Notwithstanding some additional rate hikes last week, fixed mortgage rates have seemingly plateaued following a stellar run-up over the past several months.
The price of new mortgages is rising even faster than UK interest rates, according to new data that adds to the dilemma faced by many thinking about taking out a new loan on a home.The financial data provider Moneyfacts said the average new two-year fixed rate had increased by 0.14% since the start of this month, and now stood at 4.09%. This is the first time the average figure has broken through 4% since early 2013.In December 2021, the average new two-year fixed rate was priced at 2.34%, so it...
The price of new mortgages is rising even faster than UK interest rates, according to new data that adds to the dilemma faced by many thinking about taking out a new loan on a home.The financial data provider Moneyfacts said the average new two-year fixed rate had increased by 0.14% since the start of this month, and now stood at 4.09%. This is the first time the average figure has broken through 4% since early 2013.In December 2021, the average new two-year fixed rate was priced at 2.34%, so it...
Nationwide has intensified the mortgage price war by announcing big cuts to some rates that propel it to the top of the best-buy tables.Britainโs biggest building society has โblown the doors offโ with reductions of up to 0.81 percentage points, said brokers. Its new mortgage rates now start at 3.84% โ the lenderโs lowest rate for eight months.Banks and building societies have for some weeks been engaged in a rate war in which they have cut the costs of new fixed-rate deals. Barclays s...
Nationwide has intensified the mortgage price war by announcing big cuts to some rates that propel it to the top of the best-buy tables.Britainโs biggest building society has โblown the doors offโ with reductions of up to 0.81 percentage points, said brokers. Its new mortgage rates now start at 3.84% โ the lenderโs lowest rate for eight months.Banks and building societies have for some weeks been engaged in a rate war in which they have cut the costs of new fixed-rate deals. Barclays s...
CNBC's Diana Olick joins 'Squawk Box' to break down the Mortgage Bankers Association's latest weekly mortgage rate application data.
CNBC's Diana Olick joins 'Squawk Box' to break down the Mortgage Bankers Association's latest weekly mortgage rate application data.
Homeowners are facing a ยฃ19bn increase in mortgage costs as millions more fixed-rate deals expire and borrowers are forced to renegotiate their home loans after the toughest round of interest rate increases in decades.Despite an escalating price war between lenders cutting the cost of remortgaging in recent days, economists at the US investment bank Goldman Sachs said many UK households would still experience a dramatic leap in repayments compared with the deals they were leaving behind.In what...
Homeowners are facing a ยฃ19bn increase in mortgage costs as millions more fixed-rate deals expire and borrowers are forced to renegotiate their home loans after the toughest round of interest rate increases in decades.Despite an escalating price war between lenders cutting the cost of remortgaging in recent days, economists at the US investment bank Goldman Sachs said many UK households would still experience a dramatic leap in repayments compared with the deals they were leaving behind.In what...
As interest rates climb, variable mortgage rate holders may start to panic. Hereโs why you should avoid the temptation of going fixed right now.
The post Nowโs not the time to switch to a fixed-rate mortgage appeared first on MoneySense.
As interest rates climb, variable mortgage rate holders may start to panic. Hereโs why you should avoid the temptation of going fixed right now.
The post Nowโs not the time to switch to a fixed-rate mortgage appeared first on MoneySense.
CNBC's Diana Olick joins 'The Exchange' to report on 30-year fixed mortgage rates jumping over 7 percent.
CNBC's Diana Olick joins 'The Exchange' to report on 30-year fixed mortgage rates jumping over 7 percent.