{"id":140133,"date":"2023-11-02T23:29:32","date_gmt":"2023-11-02T16:29:32","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-lenders-will-use-eye-catching-rates-to-compete-for-business\/"},"modified":"2023-11-02T23:42:41","modified_gmt":"2023-11-02T16:42:41","slug":"uk-mortgage-lenders-will-use-eye-catching-rates-to-compete-for-business","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-lenders-will-use-eye-catching-rates-to-compete-for-business\/","title":{"rendered":"UK mortgage lenders will use eye-catching rates to compete for business"},"content":{"rendered":"


\nOffers for homeowners may look improved but deals are likely to come with larger product feesBank of England leaves interest rates at 5.25%Next move is likely down \u2013 analysisUK homeowners and buyers can expect a rash of mortgage deals with eye-catching rates but a sting in the tail from higher fees as banks try to find ways to attract more business against a backdrop of 5%-plus interest rates.With the Bank of England opting on Thursday to keep interest rates unchanged at 5.25% for a second time in a row, and with most analysts believing they will stay at or around that level for some time, some mortgage brokers predict we will see more product innovation over the coming months as home loan providers compete to entice borrowers and hit their lending targets. Continue reading…
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\nSource : theguardian.com
\nRead more…UK mortgage lenders will use eye-catching rates to compete for business<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Offers for homeowners may look improved but deals are likely to come with larger product...<\/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-140133","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-Asd","jetpack-related-posts":[{"id":140123,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/labour-says-630000-will-be-hit-by-surge-in-mortgage-costs-before-2024-elections\/","url_meta":{"origin":140133,"position":0},"title":"Labour says 630,000 will be hit by surge in mortgage costs before 2024 elections","date":"November 2, 2023","format":false,"excerpt":"\r Long period of high interest rates expected, meaning higher costs for homeowners whose fixed-rate deals are coming to an endLabour has warned that more than half a million homeowners face a surge in mortgage costs before the local elections in England in May, as ministers battle to contain the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140677,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-homeowners-if-your-mortgage-costs-will-rise-soon-how-are-you-preparing\/","url_meta":{"origin":140133,"position":1},"title":"UK homeowners: if your mortgage costs will rise soon, how are you preparing?","date":"December 12, 2023","format":false,"excerpt":"\r We\u2019d like to hear from people in the UK whose mortgage rates will rise next year, and what they are doing to be able to afford the extra costsThe Bank of England governor, Andrew Bailey, warned repeatedly this week against speculation that the base interest rate of currently 5.25%\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146600,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-homeowners-have-you-struggled-to-pay-your-mortgage\/","url_meta":{"origin":140133,"position":2},"title":"UK homeowners: have you struggled to pay your mortgage?","date":"July 31, 2024","format":false,"excerpt":"\r We would like to hear from people in the UK who have found it difficult to manage their mortgageThe Bank of England has cut UK interest rates from 5.25% to 5%, the first reduction in over four years. The hope for UK homeowners will be that mortgage lenders will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138614,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/its-a-bloodbath-the-uk-homeowners-on-variable-mortgages-fearing-another-rate-rise\/","url_meta":{"origin":140133,"position":3},"title":"\u2018It\u2019s a bloodbath\u2019: the UK homeowners on variable mortgages fearing another rate rise","date":"August 3, 2023","format":false,"excerpt":"\r With the cost of borrowing likely to rise again, we speak to some of the 1.4m people on variable rates dreading the latest decisionBank of England poised to raise UK interest rates to 5.25%\u201cIt\u2019s a bloodbath, that\u2019s the way I\u2019d like to describe it,\u201d says John*, a father of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138612,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-england-poised-to-raise-uk-interest-rates-to-5-25\/","url_meta":{"origin":140133,"position":4},"title":"Bank of England poised to raise UK interest rates to 5.25%","date":"August 3, 2023","format":false,"excerpt":"\r Fears remain over stubborn inflation but slowing economy likely to fuel more cautious approach from rate-setters, say analysts\u2018It\u2019s a bloodbath\u2019: UK homeowners on variable mortgagesThe Bank of England is poised to push interest rates to 5.25% on Thursday as it tries to bring down inflation with a 14th consecutive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139275,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-uk-mortgage-interest-rates-fall-should-you-choose-a-two-year-or-five-year-fix\/","url_meta":{"origin":140133,"position":5},"title":"As UK mortgage interest rates fall, should you choose a two-year or five-year fix?","date":"September 22, 2023","format":false,"excerpt":"\r Bank of England halts run of base rate rises but borrowers still have much to ponderThis week\u2019s decision by the Bank of England to hold the base rate at 5.25% after 14 back-to-back rises has left borrowers sighing with relief. 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