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Historical interest rates in the UK, 1979-2017: rise and fall
Mar 29, 2018 · Black Wednesday September 1992 The UK’s withdrawal from the European Exchange Rate Mechanism on 16 September 1992 meant a rise in the base interest rate from 10 per cent to 12 per cent at 10.30am on that day; later that day there was a promise from John Major’s government to raise the rate further to 15 per cent.
The latest breaking UK mortgage news | Mortgage Strategy
Mortgage Strategy offers the latest breaking UK mortgage news, covering mortgage rates, house prices, buy-to-let rates, mortgage products and other news around mortgage brokers, mortgage advisers and the mortgage industry as a whole.
Cambridge BS raises product switch proc fees to 30bps
Apr 25, 2024 · Cambridge Building Society has boosted its product switch procuration fees to 30 basis points from 20bps. The move comes as part of a wider review by the mutual of its product switch retention process, which now includes the introduction of an online intermediary product switch tool.. Cambridge Building Society intermediary manager Kathy Bowes says: “ The advice intermediaries give to their ...
Santander reduces fixed rates by up to 0.29% – Mortgage Strategy
Oct 3, 2024 · Santander has announced it will cut selected standard residential and all buy-to-let (BTL) fixed rates in its new business and product transfer ranges. For new business, the lender has selected standard residential fixed rates for purchases and remortgages, including green remortgage to be reduced by up to 0.29% All
Halifax Intermediaries cuts rates by up to 33bps
Jul 31, 2024 · Halifax Intermediaries has made rate reductions across various product ranges by up to 33 basis points, effective 1 August. Remortgage products will see complete by and end dates extended as well as lowered rates. The 80% loan-to-value (LTV) five-year fixed rate has been reduced from 5.25% to 4.93% while the 80% LTV
Nationwide launches up to £20K at 0% interest for green …
Oct 23, 2024 · Nationwide has added to its green borrowing range and will lend up to £20,000 at 0% interest for energy-efficient home improvements. The mutual also says that new customers can now apply for its green additional borrowing loans as soon as their first month's mortgage payment has been made, subject to underwriting.
Santander and Clydesdale update affordability and criteria
Sep 9, 2024 · Santander is lowering the rates it uses for stress-testing borrowers’ affordability following the Bank of England base rate cut. The lender has written to brokers to say it is reducing its affordability rates on both residential and buy-to-let. On buy-to-let, the rates are reducing by 12 basis points. Its standard
The Mortgage Works lowers BTL rates by up to 0.25%
Jul 19, 2024 · The Mortgage Works is reducing selected buy-to-let (BTL) rates for new and existing customers by up to 0.25%. Rates will start from 3.54%. The new business BTL five-year fix available for purchase and remortgage has been reduced by 0.25% to 4.44%. The product is available up to 60% loan-to-value (LTV) and comes with
TMW makes BTL rate cuts of up to 45bps – Mortgage Strategy
Aug 5, 2024 · The Mortgage Works will be reducing rates by up to 0.45 percentage points tomorrow. The buy-to-let lender is making price cuts across its range. New rates will include: Two-year fixed rate (purchase and remortgage) buy-to-let at 3.49% with a 3% fee, available up to 65% LTV (reduced by 5 basis points) Five-year