{"id":122894,"date":"2021-10-29T17:03:24","date_gmt":"2021-10-29T10:03:24","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-borrowers-warned-the-days-of-cheap-mortgages-are-over\/"},"modified":"2021-10-29T18:13:35","modified_gmt":"2021-10-29T11:13:35","slug":"uk-borrowers-warned-the-days-of-cheap-mortgages-are-over","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-borrowers-warned-the-days-of-cheap-mortgages-are-over\/","title":{"rendered":"UK borrowers warned: the days of cheap mortgages are over"},"content":{"rendered":"


\nAs interest rate changes are coming \u2018thick and fast\u2019, owners may face big rises in their repaymentsBudget 2021: key points at a glanceBudget calculator: what does it mean for me?Read all our budget coverageThe era of record low mortgage rates looks to be over, borrowers were warned this week, with the government\u2019s independent forecasters predicting costs will rise rapidly over the next two years.Inflation predictions from the Office for Budget Responsibility, (OBR) released alongside Wednesday\u2019s budget, suggest that the cost of servicing a mortgage could grow by 5.6% next year and 13.1% the year after, as increases in the Bank of England base rate are passed on to borrowers. Continue reading…
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\nSource : theguardian.com
\nRead more…UK borrowers warned: the days of cheap mortgages are over<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As interest rate changes are coming \u2018thick and fast\u2019, owners may face big rises in...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-122894","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vYa","jetpack-related-posts":[{"id":137471,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-rates-rollercoaster-is-the-price-to-pay-for-cheap-short-term-deals\/","url_meta":{"origin":122894,"position":0},"title":"UK mortgage rates rollercoaster is the price to pay for cheap, short-term deals","date":"June 21, 2023","format":false,"excerpt":"\r Borrowers who made a short-term choice after the 2008 banking crisis were lucky \u2013 current borrowers have been equally unluckyAs mortgage lending rates surge to levels not seen since the banking crisis, some borrowers are wondering whether there is something to be said for the certainty of fixing the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149471,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/boost-for-uk-borrowers-as-santander-fires-starting-gun-on-mortgage-price-war\/","url_meta":{"origin":122894,"position":1},"title":"Boost for UK borrowers as Santander \u2018fires starting gun\u2019 on mortgage price war","date":"February 12, 2025","format":false,"excerpt":"\r Bank to offer first two-year deal under 4% with rivals likely to follow suitThe first sub-4% mortgages for months are going on sale, handing a much-needed boost to first-time buyers and those worried about refinancing their home loan.Santander on Thursday will start offering fixed rate deals at 3.99% lasting\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137920,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-only-mortgages-a-godsend-for-uk-borrowers-if-you-can-get-one\/","url_meta":{"origin":122894,"position":2},"title":"Interest-only mortgages: a godsend for UK borrowers (if you can get one)","date":"June 24, 2023","format":false,"excerpt":"\r Such deals can halve your monthly payments but lenders are picky and there are drawbacksIf you are one of those households staring down the prospect of unaffordable monthly mortgage repayments, one option is to go interest-only.Massive before the 2008 financial crisis, interest-only mortgages in which the borrower only repays\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":141708,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ministers-99-mortgage-idea-could-overheat-uk-housing-market-say-experts\/","url_meta":{"origin":122894,"position":3},"title":"Ministers\u2019 99% mortgage idea could overheat UK housing market, say experts","date":"January 21, 2024","format":false,"excerpt":"\r Scheme to support first-time buyers that would appeal to young voters reportedly being considered by No 10Ministers could be at risk of fuelling a fresh house-price bubble, according to industry experts who have warned about a potential \u201c99% mortgages\u201d scheme for first-time buyers that would appeal to young voters\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34946,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fix-your-mortgage-rate-now-if-youre-worried-about-trump-and-brexit\/","url_meta":{"origin":122894,"position":4},"title":"Fix your mortgage rate now if you\u2019re worried about Trump and Brexit","date":"November 19, 2016","format":false,"excerpt":"\r Amid all the uncertainty in the UK and US, borrowers want security with their mortgage repayments. But fixed-rate deals could be on the way upGood news: figures issued this week revealed that mortgages are more affordable than they have ever been. Bad news: Donald Trump\u2019s US election win is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138289,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgages-to-cost-1m-borrowers-extra-500-a-month-by-2026-bank-warns\/","url_meta":{"origin":122894,"position":5},"title":"Mortgages to cost 1m borrowers extra \u00a3500 a month by 2026, Bank warns","date":"July 12, 2023","format":false,"excerpt":"\r Bank of England says millions of homeowners will be paying up to \u00a3220 more per month by end of yearNearly 1 million UK homeowners will be forced to shell out at least \u00a3500 more a month to cover mortgage payments by the end of 2026, as borrowers suffer the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122894"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=122894"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122894\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}