Historical interest rates in the UK, 1979-2017: rise and fall
WEBMar 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.
Mortgage strategy: UK latest mortgage news
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TSB confirms rate changes from beginning of March
WEBFeb 29, 2024 · TSB has announced rate changes with effect from Friday 1 March to its residential, buy to let, product transfer and additional borrowing ranges. This includes selected product withdrawals and reintroductions. For buy to let it is reintroducing: Two and five-year fixed 0-75% LTV £0 fee house purchase products With
Leeds Building Society launches ‘reach’ mortgages
WEBDec 5, 2023 · Reach Mortgages will be available as two-year, three-year, and five-year fixed rate mortgages (80%-95% LTV). It will also offer a choice of fixed rate periods, product fees and loan-to-value tiers. Earlier in the year Leeds Building Society partnered with Experian Boost for borrowers to improve their credit score by including regular payments ...
GMAC sells its UK financial arm as part of European exit strategy
WEBApr 19, 2010 · GMAC Financial Services has agreed to sell its UK financial arm GMAC-RFC to asset manager Fort-ress Investment Group. The deal sees GMAC FS effectively exit the European mortgage market, with the sale of all its European mortgage assets to Fortress. The assets sold come from GMAC FS’ mortgage subsidiary Residen-tial Capital, also known as ResCap.
Latest News - Mortgage Strategy
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Halifax is latest to update criteria for non-UK nationals
WEBApr 8, 2021 · In some instances Halifax may require proof of residence in the UK for over five years. When considering whether income is greater than or equal to £100,000, Halifax will look at both incomes on a joint application and will include basic, overtime, bonus and commission for employed applicants or the latest year’s income for self-employed customers, plus pension income.
Santander introduces new rates across BTL products
WEBMar 22, 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 respectively.
The latest breaking UK mortgage news | Mortgage Strategy
WEBMortgage 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. SPECIALIST.
Principality raises rates on resi and BTL ranges
WEBMar 5, 2024 · Principality raises rates on resi and BTL ranges. Roger Baird 5 March 2024. Principality is the latest lender to push up the cost of its fixed-rate products, with deals rising by up to 34bps. The changes affect products on its residential and buy to let range, although it has cut the cost of some of its holiday let products. On its residential ...
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