Mortgage News
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News for: BBC
Showing 1 - 24 of 28 results
Apr 13, 2026 9:30 AM
— Housing Market
US home buyers 'frozen' as sales slump over Iran war fears
The US housing market is struggling due to higher mortgage rates caused by the US-Israeli war in Iran. Sales of existing homes hit a nine-month low in March, with limited supply pushing up prices. Consumer confidence dropped, and the job market weakened. The conflict in the Middle East is impacting the cost of petrol, household energy bills, and food. Mortgage rates have been rising, and several a... more
Apr 8, 2026 12:30 AM
— Housing Market
UK house prices fall as Iran war uncertainty dampens demand
In March, UK house prices fell by 0.5% due to higher mortgage rates driven by the repercussions of the Iran war, which dampened demand. The average property price is now £299,677, and annual growth has slowed. Oil prices have soared since the conflict began, and there has been no improvement in UK mortgage rates following the ceasefire between the US and Iran.
Apr 1, 2026 3:30 AM
— Mortgage Rates
Warning Iran war 'shock' could push up mortgages for 1.3m homeowners
The Bank of England predicts that about 1.3 million UK homeowners may face higher mortgage payments by the end of 2028 due to the war in the Middle East. As a result of global economic shocks, borrowing costs are expected to rise, impacting a total of 5.2 million households. Mortgage rates have already increased, and some of the cheapest deals have been withdrawn. The Bank of England believes the ... more
Mar 31, 2026 2:30 AM
— Mortgage Rates
Housing market to soften amid Iran war fallout, Nationwide says
Nationwide reported a jump in house prices for March, but warned that the housing market is likely to soften due to rising mortgage and energy costs caused by the impact of the Iran war. Mortgage rates have been rising sharply as lenders adjust to the changing expectations of interest rate hikes. Household budgets may need to be tightened as costs increase, potentially holding back first-time buye... more
Mar 24, 2026 4:30 AM
— Mortgage Rates
First-time buyers hit as mortgage rates keep rising
Mortgage rates are rising rapidly due to uncertainty in the markets caused by US President Trump's comments on talks with Iran. Major lenders are increasing rates or withdrawing deals, making it difficult for borrowers to find good deals. Low-deposit deals for first-time buyers are being hit the hardest, with over 200 deals disappearing since early March. Interest rates on fixed mortgages are at t... more
Mar 19, 2026 3:30 AM
— Interest Rates
Interest rates expected to be held due to Iran war
The article discusses how the war in Iran is expected to lead the Bank of England to hold interest rates at 3.75%. The conflict has caused uncertainty in the markets and a surge in oil prices, leading to increased costs in energy, petrol, and heating oil. The Bank is expected to assess the duration and severity of the economic impacts before making any changes to the interest rate. Market uncertai... more
Mar 17, 2026 4:30 AM
— Mortgage Rates
Typical new mortgage costs soar £788 a year in two weeks
Since the beginning of the US-Israel war with Iran, mortgage rates have increased significantly, with the average two-year fixed rate rising from 4.83% to 5.28%. Major lenders have withdrawn the best sub-4% mortgage deals, causing uncertainty for borrowers. Experts advise borrowers to plan ahead and consult with mortgage advisers to navigate the changing rates and find the best deal.
Mar 11, 2026 5:40 AM
— Mortgage Rates
Mortgage rates rise and deals pulled over Iran war turmoil
Turmoil in the UK mortgage market is at its peak since the mini-Budget of 2022, with the average rate on two-year fixed deals exceeding 5%. Nearly 500 mortgage products have been taken off the market in the last two days, affecting borrowers including first-time buyers. Rising oil prices and global conflicts have led to changes in expectations for interest rates and inflation, causing lenders to i... more
Mar 6, 2026 2:30 AM
— Interest Rates
Lenders lift mortgage rates as Iran war hits borrowing costs
UK lenders are raising mortgage interest rates due to fears of rising inflation caused by the conflict in the Middle East, leading to changes in the financial market's view on Bank of England rate cuts. Nationwide, HSBC UK, and Coventry Building Society are among the lenders increasing rates for new and existing customers. The pricing of mortgage rates is heavily influenced by swap rates, and if g... more
Feb 5, 2026 8:30 AM
— Interest Rates
Bank hints at rate cuts, but don't expect Covid-era mortgage deals
The Bank of England kept interest rates unchanged but hinted at the possibility of future rate cuts to reach its 2% inflation target. However, with the economy expected to have subdued growth and a weak job market, the Bank is cautious about cutting rates too far. Borrowers who locked in low rates during the pandemic may face higher costs when their fixed-rate deals end, as the Bank anticipates on... more
Feb 5, 2026 4:49 AM
— Interest Rates
Bank of England holds interest rates at 3.75%
The Bank of England has held interest rates at 3.75%, with Governor Andrew Bailey stating that inflation is expected to fall to the Bank's 2% target sooner than anticipated. Economists predict a rate cut in March due to cooling wage growth and weak economic growth. The decision to hold rates was made in a close vote, with indications of potential further rate cuts in the future.
Feb 4, 2026 4:30 PM
— Interest Rates
Bank of England expected to hold interest rates
The Bank of England's Monetary Policy Committee is expected to keep interest rates on hold at 3.75%. Analysts are predicting that the Bank rate will remain steady due to persisting inflation and weak economic growth. While some analysts suggest one rate cut in 2026, others believe there could be two cuts. The majority of mortgage customers have fixed-rate deals, but changes in the Bank rate can af... more
Jan 17, 2026 4:30 AM
— Housing Market
Donald Trump to unveil home buying plan involving retirement funds
Donald Trump is expected to announce a plan that would allow Americans to use their retirement savings for down payments on homes. Details about how withdrawals from 401(k) accounts would work are vague, but the plan is set to be presented at the Davos World Economic Forum. The proposal is part of Trump's efforts to address housing affordability concerns, but some experts believe it may not be a s... more
Jan 12, 2026 4:30 AM
— Mortgage Rates
UK set for a 'booming' mortgage market, say analysts
Competition among lenders may lead to mortgage rate cuts in the coming weeks. The choice of mortgage products has increased, benefiting first-time buyers. Mortgage rates have fallen over the past year, with expectations for further declines early in 2026. Regulators are allowing more flexibility with mortgage affordability, leading to innovative products to help first-time buyers. There is pent-up... more
Dec 18, 2025 6:25 AM
— Interest Rates
Bank of England cuts interest rates to 3.75% - live updates
The Bank of England has cut interest rates from 4% to 3.75%, the lowest since February 2023. The cut will make mortgages cheaper but may result in lower interest on savings. The decision was made by a close vote of 5-4 by the Monetary Policy Committee. The Bank expects no economic growth at the end of the year and predicts inflation will fall closer to the 2% target sooner than expected. This rate... more
Nov 19, 2025 4:31 AM
— Mortgage Rates
Good for mortgages, bad for food prices - how inflation dip affects you
Inflation in the UK has fallen to 3.6%, which means prices are rising more slowly. This could lead to a potential interest rate cut by the Bank of England, resulting in lower mortgage rates. Major lenders have already lowered rates for new fixed-rate mortgages or renewals. Average rates for first-time buyers with smaller deposits are the lowest in the past few years. The housing market is quiet du... more
Oct 13, 2025 3:23 AM
— Mortgage Rates
Mortgage rates creep back up as lenders show caution
Average mortgage rates have risen slightly for the first time in several months, with the two and five-year fixed rates standing at around 5%. This increase may disappoint borrowers as lenders approach the winter cautiously. More than 80% of mortgage customers have fixed-rate deals, and potential first-time buyers are hoping for low rates. The slight increase in rates is attributed to uncertain sw... more
Sep 17, 2025 4:23 PM
— Mortgage Rates
Could the Federal Reserve interest rate cut boost the US housing market?
Aileen Barrameda is planning to buy a house in Los Angeles despite high mortgage rates. The average rate on the 30-year mortgage fell to 6.35% last week, but may not come down much more. Fed's interest rate decisions influence mortgage rates indirectly, but banks had already cut rates in anticipation of the Fed rate cut. The risk of rising inflation could push mortgage rates up. Many homeowners wi... more
Aug 21, 2025 5:23 AM
— Mortgage Rates
Average five-year mortgage drops below 5% to lowest level in two years
The average rate on a five-year fixed mortgage has dropped below 5% for the first time since May 2023, signaling a potential shift in market sentiment. The average two-year fixed rate mortgage has also decreased. Lenders are competing more aggressively and offering more residential mortgage products. However, due to the latest inflation reading, the chance of another base rate cut in 2025 is slim,... more
Aug 13, 2025 3:23 AM
— Mortgage Rates
Mortgage rates below 5% for first time since Truss budget
The average two-year mortgage rate in the UK has dropped below 5% for the first time since September 2022. Despite five rate cuts since last August, mortgage rates are still above pre-mini-budget levels. Hundreds of thousands of borrowers are due to re-mortgage this year, with 900,000 fixed rate deals expiring in the second half of 2025. Interest rates are expected to hold steady around 4% due to ... more
Aug 7, 2025 4:23 AM
— Interest Rates
What the interest rates cut means for mortgages, pensions and savings
The Bank of England has cut the UK interest rate to 4%, the lowest level since March 2023. This move affects mortgage rates, savings rates, and inflation. Lower interest rates mean cheaper borrowing but also lower returns on savings. The Bank aims to balance inflation with economic growth and employment concerns. While inflation is expected to reach 4% in September, some pensioners could benefit f... more
Aug 7, 2025 2:23 AM
— Interest Rates
Bank of England expected to cut interest rates - live updates
The Bank of England has cut interest rates from 4.25% to 4%, leading to lower borrowing costs but reduced returns for savers. Mortgage rates may slightly decrease, particularly for those with tracker mortgages, while fixed deal holders won't see a change. The decision also impacts savings rates, with average rates dropping. The gradual rate cuts aim to balance inflation concerns with economic grow... more
Aug 6, 2025 11:23 PM
— Interest Rates
UK interest rates cut to 4% in tight decision
The Bank of England has cut interest rates to 4%, the lowest level in more than two years, to address concerns about the struggling economy and rising inflation. Some homeowners will benefit from lower mortgage costs, while savings returns may decrease. Policymakers are split on the decision to cut rates, with further cuts expected to be gradual and cautious. Businesses are reporting cost increase... more
Jun 2, 2025 4:00 AM
— Mortgage Lending
Mortgages: First-time buyers typically borrowing for 31 years
First-time buyers are borrowing for longer mortgage terms, with the average now being 31 years compared to 28 years a decade ago. This allows borrowers to keep their monthly repayments low despite higher mortgage rates. Even though rates have fallen recently, the trend of longer mortgage terms continues. Many first-time buyers are choosing longer terms to afford buying a property, with some borrow... more
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The mortgage rates displayed on this site are collected daily from publicly available sources provided by more than 800 lenders. LoanGlass does not receive compensation for listing these rates, and all rates are presented as published by the respective lenders. While every effort is made to ensure accuracy, the information may contain errors or omissions. Mortgage rates are highly dependent on an individual’s financial circumstances, credit profile, loan terms, and other factors. As such, the rates you are quoted directly by a lender may differ materially from the rates displayed here.
Users should contact lenders directly to obtain formal, binding loan offers. If you identify any discrepancies in the data or would like to have your institution’s rates included, please contact us at content@loanglass.com.
All logos, trademarks, and brand names appearing on this website are the property of their respective owners.
The mortgage rates displayed on this site are collected daily from publicly available sources provided by more than 800 lenders. LoanGlass does not receive compensation for listing these rates, and all rates are presented as published by the respective lenders. While every effort is made to ensure accuracy, the information may contain errors or omissions. Mortgage rates are highly dependent on an individual’s financial circumstances, credit profile, loan terms, and other factors. As such, the rates you are quoted directly by a lender may differ materially from the rates displayed here.
Users should contact lenders directly to obtain formal, binding loan offers. If you identify any discrepancies in the data or would like to have your institution’s rates included, please contact us at content@loanglass.com.
All logos, trademarks, and brand names appearing on this website are the property of their respective owners.