Mortgages

A landmark new report published today by the London School of Economics and Political Science (LSE) puts forward costed solutions to the horror of the situation facing up to 200,000 mortgage prisoners, who have been trapped on high rates after their loans were sold by the state to 'closed book' inactive lenders.

Economic Secretary to the Treasury Andrew Griffith MP has confirmed he will read and seek official advice on the proposals for freeing mortgage prisoners put forward in a recently published report by the London School of Economics and Political Science (LSE).

The Government has today confirmed that it will "carefully consider" the costed and practical proposals for freeing mortgage prisoners put forward in the recently published report by the London School of Economics and Political Science (LSE).

Interest rates on fixed mortgage deals are expected to fall over the coming weeks, despite the Bank of England increasing the base rate to 4%. MoneySavingExpert.com's founder Martin Lewis explains what you need to know NOW about mortgage rates in the latest episode of ITV's The Martin Lewis Money Show Live. Watch the clip below or read on to find out more.

Interest rates on fixed mortgage deals are expected to fall over the coming weeks, despite the Bank of England increasing the base rate to 4%. If you need a new mortgage in the coming months, we've analysed the landscape and spoken to a number of brokers to help you navigate this uncertain market.

The Bank of England has increased the base rate from 3.5% to 4%. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.

Interest rates on fixed mortgage deals are continuing to fall with hundreds now below 5% and many closer to 4%. But with fixed mortgage rates expected to drop further, is now a good time to lock in? Below we explain what's happening, and what to consider if your deal's coming to an end. 

Flat-owners impacted by the cladding crisis in England may now be able to sell or remortgage their homes, with six major lenders agreeing to offer mortgages under new industry guidance. But the measures only cover properties in buildings of 11m and over and so not everyone affected will benefit – and we're yet to see how it will work in practice. Here's what we know so far.

Homebuyers with small deposits will continue to have access to Government-backed support after its 'mortgage guarantee scheme' was extended this week for another year. But even with the difference in cost between mortgages for those with a 5% deposit and those with a 40% deposit at its narrowest in over 10 years, is it wise to take out a 95% deal? We explain your options below. 

The Bank of England has increased the base rate from 3% to 3.5%. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.