UK economy shows signs of steadying amid pause in interest rate rises
Modest fall in mortgage costs and rising manufacturer confidence fuel hopes that pressure is easing on consumers and companies
Source: theguardian.com
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Barclays cuts mortgage rates: Lender to offer best-buy five-year fix
The move by Barclays comes in the aftermath of a flurry of rate cuts over the past week that has seen mortgage lenders reprice on a daily basis.
Source: dailymail.co.uk
Barclays rate cut sees five-year resi fixes start at 4.39%   – Mortgage Strategy
Barclays has made a second round of residential rate cuts in a week, which sees five-year fixed-rate deals reduced by 39 basis points to 4.39%. Highlights of the bank’s reductions, which come to market tomorrow (1 December), include: Five-year fixes, with a £899 product fee, at 60% loan to value, down to 4.39%
Source: mortgagestrategy.co.uk
Virgin Money launches exclusives, Coventry BS to cut entire resi range   – Mortgage Strategy
Virgin Money has launched a range of exclusives and rate cuts, while Coventry for intermediaries will come to market with repriced deals on Friday (1 December) Highlights of the bank’s exclusives offers include: Remortgage exclusives with a free valuation and free legals 60% loan to value two-year fixes, with
Source: mortgagestrategy.co.uk
British home prices to dip again in 2024 but no crash expected
British home prices will fall again in 2024 after dropping 4% this year as the Bank of England keeps interest rates higher for longer, eroding how much buyers can afford to borrow and deterring...
Source: marketscreener.com