mortgage news

House Repossession

Home repossessions on the decline despite rising mortgage costs

The latest market analysis from property purchasing specialist, House Buyer Bureau , reveals that since the Bank of England started raising interest rates at the end of 2021, the number of homes being repossessed by money lenders has significantly decreased, bucking the expected trend that more and more people would lose their homes as mortgage payments go up.

In December 2021, the...

Mortgage repayments

Mortgage repayments hit highest point since 2010

The latest market analysis by mortgage experts, Revolution Brokers , reveals that homebuyers are now paying the most expensive monthly mortgage repayments since 2010, but that today’s costs still remain a long way off historic highs.

Official figures released by the Bank of England this week show that the number of mortgage approvals in the UK has dropped in the past month. And while...

Bridge loan

Bridging loans on the increase as rising base rates causing housing market volatility

The latest market analysis by mortgage experts, Revolution Brokers , reveals that bridging loan lending has increased by nearly 50% since the Bank of England base rates began rising at the end of 2021.

Bridging loans are high-interest, short-term emergency loans often used by homebuyers who need to bridge the gap between buying a new home and selling their existing home.

In...

Mortgage

Remortgagers driving forecasted lending increase in 2022 as homebuyer demand drops

The latest market analysis by mortgage experts, Revolution Brokers , has revealed that despite recent turbulence following a string of base rate increases, the total sum of lending secured across the UK property market is on course to sit two per cent higher than it did in 2021.

Based on an analysis of lending data from the Bank of England, the research by Revolution Brokers...

Mortgage

Average mortgage cost forecast to fall in 2023

The latest research by specialist property lending experts, Octane Capital , has revealed that the average homebuyer can expect to pay £166 more per month as a result of the latest base rate increase by the Bank of England, although this monthly repayment is expected to fall by £188 come this time next year.

Octane Capital analysed the cost of homeownership based on a variable rate...