The results of the election certainly left the mortgage market … well exactly where it was before the election, but with the added bonus that everyone feels we were in a period of stability.
So much so that with renewed confidence that interest rates will remain low for some time, more and more borrowers don’t want to lock into inflexible long-term deals. Lenders are responding with new competitive variable-rate products, which are proving more and more popular.
TSB are currently leading the way, offering 2 year tracker rates as low as 1.09% (tracking at 0.59% above the 0.5% base rate).
The bank who recently sold to Spain’s Sabadell Bank have also expanded their buy to let range and are currently offering five year fixed rates at an incredible 3.49% for borrowers with a40% deposit!
I think it is safe to say that whatever your politics, the returning government has certainly brought with them confidence in the mortgage market. Long may the rate war continue!
Yesterday
Almost one in five equity release mortgages are now taken out to provide financial support to family.
3 days ago
According to industry data, the expected wait for those looking to buy a property has dropped from just over 11 months to less than six months.
It is common for your first mortgage payment to be higher than your subsequent monthly payments for two reasons.
8 days ago
Firstly, a big congratulations, you’ve now exchanged contracts! After weeks and months of waiting, you are about to move in. What should you do first?
The chancellor will deliver her second budget this autumn. Due to slow economic growth and high inflation, the government need to manage a £40 billion shortfall in public finances. There have already been reports about changes to taxes including income tax and capital gains tax.
29 Aug 2025
The chancellor has advised that landlords could have another tax to pay this autumn as the Treasury decide whether to extend national insurance contributions to rental income.
According to a report in the Guardian, senior ministers have asked Treasury officials to look into a “proportional” property tax to see how it would work as an alternative to the existing stamp duty land tax on owner-occupied homes.
More than a quarter of UK adults in long-term relationships (26%) have reported that despite living together, they keep their finances separate from one another.