The Financial Conduct Authority (FCA) has issued a warning about promissory notes which claim to be a “golden ticket” to clear mortgage debts, but are in reality an empty promise

The building society bought rival lender Virgin Money last year, becoming the UK’s second largest mortgages and savings provider.

Interest rates – set by the Bank of England – tend to fall as inflation moves towards the target level of 2 per cent

Nationwide Building Society is implementing mortgage rate cuts of up to 0.25 percentage points across its fixed-rate products, effective from Wednesday.

Rate reductions are being made on two, three, five and 10-year fixed-rate products

Chief executive Nikhil Rathi said the changes are ‘a risk worth taking, allowing more people the security that comes with home ownership’.

Lenders, including Nationwide, are slashing mortgage rates in a win for customers

The bank said the new limit reflects its confidence in the financial resilience of its Premier customer base and a commitment to responsible lending.

Income boosters improve the borrowing power of first-time buyers.

The average two-year fixed mortgage rate rose slightly from 4.96 per cent in September to 4.98 per cent in October.

Mortgage borrowing climbs high as approvals edge up, Bank of England data shows

Some 65,940 mortgages for house purchases were approved in September, about 1,000 more than in August.

Lower inflation generally means mortgage rates are lower – and new figures have meant economists have revised their expectations

There is a decade-high number of properties on the market meaning sellers are having to lower their pricing expectations, according to Rightmove.

It’s the first rise in eight months.

The scheme aims to make new-build homes more accessible for first-time buyers.

Average mortgage rates have increased month-on-month for the first time since February, says Moneyfacts.

Higher than expected inflation has dashed hopes of a series of interest rate cuts from the Bank of England

The couple thought they wouldn’t be able to move to the country until they retired

The cost of a typical home fell £794 to £298,184 in September after a 0.2 per cent monthly rise in August, says Halifax.

Find out the latest mortgage rates and deals from HSBC, NatWest, Barclays and more.

Tool lets families turn shopping into overpayments to cut interest and reduce mortgage terms

Bank of England data shows borrowing slowed in August

Experts say that mortgage lenders will struggle to make reductions for now, with the Bank of England base rate staying at its current level

Lucy Rigby and housing minister Matthew Pennycook were gathering senior executives from top lenders for a meeting on Wednesday.

Lenders have raised rates on some deals amid a ‘fraught political and economic climate’, with more expected to follow

Monthly mortgage repayments have become the toughest burden since the 2008 financial crisis for the average earner, Moneyfacts reveals. Moneyfacts says

A measured easing of stress test rules could allow more people into the mortgage market without a significant increase in arrears, UK Finance has said.

UK Finance said a ‘carefully measured’ easing of mortgage lending rules could help more first-time buyers into the market

British lenders approved the most mortgages in July since January, according to Bank of England data published on Monday that added to signs of a stabilisation in the housing market after volatility caused by the end of a tax break.

Some housing market experts said they expect to see a continued increase in demand for mortgages as sales rise

Lenders are continuing to cut their rates, with Barclays the latest to make a series of reductions

Rightmove warned there was a staggering fall of £5,000 month-on-month in August alone.

The Bank of England interest change last week could benefit UK households who could save £4,280 in a major boost.

Mortgage rates hit a peak of 6.65 per cent following a disastrous mini-budget in 2022

Nearly one million households are coming to the end of a fixed-rate mortgage deal and will now have the option of lower interest rates

Average two-year mortgage rates have fallen to 4.99%, the lowest point since September 2022.

The Bank of England’s rate-setters lowered the base rate from 4.25% to 4% on Thursday, August 7, marking the fifth interest rate cut since 2020.

The Bank of England is poised to cut interest rates on Thursday with a quarter-point reduction expected, according to City investors, who have projected a a three-way split among rate setters.

Mortgage experts have warned that ultra-low mortgage rates five years ago will move onto far higher rates in the months ahead, with hundreds of thousands of households set to be affected

A cut in interest rates will mean the 590,000 people with a base-rate tracker mortgage will see borrowing costs fall from tomorrow, August 8. That could equate to £346 annually

The average property price is now £298,237 compared to £297,157 last month.

The Bank of England has been tipped to cut interest rate to the lowest level since 2023 in a boost for mortgage holders.

British lenders approved more mortgages than expected last month, adding to signs that the housing market has recovered from a dip after the expiry of a tax break for homebuyers, and consumers also upped their borrowing, data showed on Tuesday.

Record number of homes for sale has created ‘buyer’s market’ and kept price rises in check, Zoopla report says

A mortgage-backed security (MBS) is like a bond created out of residential mortgages, providing income to investors.

Borrowers will be able to remortgage their homes without seeking advice from a broker, saving them “time and money,” says the Financial Conduct Authority

The Financial Conduct Authority has confirmed changes to simplify rules and create more flexibility

The FCA expects many borrowers to continue to benefit from regulated mortgage advice

As Labour promises an extra 36,000 mortgage approvals, Sean O’Grady examines whether relaxing the rules is a good idea