Category: mortgage
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Relief for Homeowners as Major Lenders Reduce Mortgage Rates
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Three major lenders, Barclays, HSBC and TSB, have announced mortgage interest rate cuts on more than 100 deals, providing welcome relief to borrowers who have faced rising interest rates in recent weeks. Barclays will implement major cuts on Friday, cutting fixed interest rates on buy-and-remortgage deals by up to 0.45…
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April mortgage taking shows continuing recovery
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Taking out a mortgage in April 2024 was 28% higher than it was in April 2023. There was a relatively high amount of mortgage take-up in April when the public took out loans worth NIS 5.91 billion despite the eight-day Easter holiday reducing the number of working days last month.…
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UK House Prices Decline for Second Consecutive Month Amidst Rising Mortgage Rates
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UK house prices fell significantly in April, recording the biggest fall since last summer, as rising mortgage interest rates restricted the purchasing power of potential buyers. According to Nationwide Bank, the main lending bank, house prices fell by 0.4 per cent last month, marking the second consecutive monthly decline and…