Page 8 - Aaron Strutt News Today

Borrowers attempt to reduce repayments by shunning fixed-rate loans

The average two-year fixed rate is now close to 6% as major lenders raise the cost of deals sharply.

Lenders pull mortgage deals as soaring interest rates hammer affordability

The three banking giants, along with Lloyds, which today also paused some of its products, account for around half of the mortgage market in Britain.

Use our calculator to work out how much your repayments could soar

Panel members Steve Walker, buy-to-let and residential specialist, The Buy To Let Broker Stephanie Daley, technical adviser, Alexander Hall Mark Pattanshetti, associate director, Largemortgageloans.com David Hollingworth, associate director of communications, London & Country Matt Tilbury, senior mortgage and

The fact that many lenders are frantically pulling product ranges — sometimes their entire offering — off the shelves with the promise of a quick relaunch is hardly an industry secret. For example, according to data provided by Moneyfacts, things kicked off in August with Post Office Money removing its range,

Brokers are urged to plan ahead as almost £100bn worth of mortgages are due to mature before the end of the year. Analysis by Accord Mortgages shows that nearly a third (£29.1bn) of the total home loans ending this year will occur in December, while the second largest maturity month is October, when £26.3bn worth of

But many of today's first-time buyers are more like to take out a 40-year mortgage, brokers warn

Brokers warn against switching from repayment loans “if at all possible”