An estimated seven million UK households are struggling to keep up with their rent or mortgage payments, Which? warns, with millions more at risk of tipping into financial difficulty by the end of 2024 as they remortgage at higher rates. A Which? survey of 4,000 people found nearly half of households (46%) with mortgages or […]
Sam Richardson, Deputy Editor of Which? Money, said: “Many people with mortgages will be deeply concerned by average five-year fixed-rate mortgage deals topping six per cent, so the regulator must make sure banks are fulfilling their responsibilities to help people who may be struggling to keep up with payments. “The first thing these borrowers should […]
Ele Clark, Which? Money Senior Editor, said: “With mortgage rates continuing to go up, and another likely base rate rise from the Bank of England later this week, mortgage holders who are approaching the end of their fixed rates – as well as those on tracker or standard variable rate mortgages – will understandably be […]
First Direct and Nationwide have come out on top in Which?’s annual mortgage lender survey, with both named Which? Recommended Providers (WRPs) for offering a combination of excellent customer service and consistently competitive rates. With speculation that interest rate rises could be on the way, it is more important than ever that prospective homeowners and […]
Gareth Shaw, Head of Money at Which?, said: “It is positive to see lenders taking a proactive approach, and this latest initiative will provide some relief for home movers who have had to halt purchases. “Mortgage providers must move swiftly to provide those affected with clear guidance on how the initiative will work in practice […]
One in six mortgage holders has been rejected for a mortgage in the past, according to new research from Which? Mortgage Advisers. The research shows that one in six (16%) mortgage holders surveyed has been rejected for a mortgage and that the most likely areas for mortgage rejections were London (29%) and the West […]
The majority of home buyers report problems in the home buying process, with common issues caused by delays in the chain, difficulty finding a suitable property, and homes left in poor condition. In its annual survey of home buyers, Which? Mortgage Advisers looked at the biggest issues reported during the home buying process and […]
Fancy living in the farmhouse from The Walking Dead? Set your heart on the property in Stranger Things? Ever wondered what the mansion in The Woman in Black would set you back? Find out if you could afford them with new research from Which? Mortgage Advisers. Which? Mortgage Advisers has calculated the cost of eight of […]
Which? research reveals the true scale of how unaffordable shared ownership schemes are in Greater London. Shared ownership schemes are designed to help first-time buyers take their first step onto the property ladder. However, new research from Which? has found that most young people cannot even afford the minimum share. Shared ownership involves buying between […]
Harry Rose, Which? Money Editor, said: “There are always winners and losers with base rate cuts. Borrowers are more likely to be better off after a rate cut, as lenders may offer loans and mortgages at lower rates. However, not all tracker mortgages will automatically drop, so it’s worth checking with your provider. “For savers […]