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Get the inside track and the latest news on the UK mortgage market. Also featuring predictions on mortgage rates, best-buy deals, free tips and advice.

First time buyers have fewer contractor mortgages to choose from

The majority of first time buyers now believe they will not be able to buy their first property until they reach the age of 37, according to new research from MoneySupermarket.com.

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Is your contractor mortgage contract watertight?

Home owners may want to check their contract after the news that lenders are exploiting loopholes to increase contractor mortgage rates.

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Halifax joins NewBuy scheme but its interest rates are high

The Halifax is the latest mortgage lending institution to announce it has joined the NewBuy scheme set up by the government to help first time buyers get their first foot on the housing ladder.

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Five-year fixed rate contractor mortgages are looking good

People looking for a contractor mortgage might be interested to learn that five-year fixes are now cheaper than they have been over the last 2 years.

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Buy to let yields are best in the North of England

Buy to let landlords with a contractor mortgage get a better return on their investment in their properties are located in the North of England, according to Paragon.

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New-build house prices rise by 7.7% in last 12 months

While people with older properties have seen thousands wiped off their value in the last couple of years, the price of new-builds has increased by 7.7% over the past 12 months.

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Average house prices reach record highs in some areas

People with a contractor mortgage may be pleased to learn that house prices are starting to edge upwards again and according to Rightmove, the average asking price for a UK home now stands at £243,737.

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Demand for property increases, but prices do not follow suit

According to the RICS, demand for property in March reached its highest level since 2010 as people rushed to buy before the stamp duty holiday came to an end.

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Contractor mortgage rates are edging upwards

New research from moneysupermarket shows that the average contractor mortgage rate on some fixed rate and tracker deals increased this month.

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Contractor mortgage holders rush to remortgage

The number of people seeking advice on remortgaging has hit an all time high according to unbiased.co.uk.

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Contractor mortgage arrangement fees increase by 25%

Mortgage lending companies may be charging low interest rates but they’re making up for it by raising their arrangement fees by an average of 25%.

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Are equity release schemes worth consideration?

Once your contractor mortgage is paid off and the house is all yours, you’d expect to be able to sit back and relax a bit. But that isn’t happening for a lot of older homeowners because the value of pension funds has decreased dramatically in the last couple of years.

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