Foundation Home Loans has reduces rates on selected products across its residential and BTL rates by up to 50 basis points. It is reducing the cost of a number of two-year and five-year fixes in its residential range. On its two-year fixes, Foundation will now charge a rate of 2.89 per cent down from 2.99…
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What is remortgaging? Remortgaging is basically the process of changing your existing mortgage supplier and switching to another mortgage product from a different provider. Almost a third of all home loans made in the UK are actually remortgages. There are many advantages to remortgaging your property. When is the good to remortgaging? The purpose of…
House prices in January fell by 0.3% to £229,748 compared to December, according to the latest Halifax HPI. This is the biggest drop since April 2020, said Halifax House Price Index. The average UK house price was £251,968 in January. The annual growth rate also eased for the first time since June, to 6.4% from…
Platform part of The Co-operative Bank has launched a new product mortgage for qualified professionals. Qualified professionals will be able to borrow up to 5.5 times their income. The lender has set a minimum income requirement at £35,000. This new product also allows joint applications if one of the applicants is a professional. Platform’s mortgage…