Latest mortgage news and commentary from L&C

Speculation on this month’s decision has been evenly split between those who forecast this decision, and those hoping for a 0.25% cut, so many borrowers will not be surprised by today’s news.

Around half of the UK’s mortgage borrowers are on fixed rates so will be unaffected by this ... more...

Whilst this news has only confirmed what many expected, a milestone has been passed as the lenders calculated that for the first time since 1996 our homes are worth less than they were 12 months previously.

Both lenders said prices fell by over 1% in April, pushing the annual change ... more...

The Bank of England has announced a special scheme designed to help ease the problems in the UK mortgage market.

The Problem

Banks are reluctant to lend to each other as they are unsure who might be hiding losses, incurred largely from investments in US mo ... more...

While both Halifax and Nationwide have confirmed further falls in house prices for March, their reports aren’t as gloomy as you might imagine.

Nationwide were the first to release figures and reported that house prices fell on average 0.6% in March with the annual change still in cr ... more...