{"id":142978,"date":"2024-03-11T16:00:24","date_gmt":"2024-03-11T09:00:24","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-to-survive-mortgage-turmoil-as-rates-go-up-and-deals-are-pulled\/"},"modified":"2024-03-11T16:10:12","modified_gmt":"2024-03-11T09:10:12","slug":"how-to-survive-mortgage-turmoil-as-rates-go-up-and-deals-are-pulled","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-to-survive-mortgage-turmoil-as-rates-go-up-and-deals-are-pulled\/","title":{"rendered":"How to survive mortgage turmoil as rates go up and deals are pulled"},"content":{"rendered":"


\nHomebuyers have to try to navigate their way to an affordable deal with no help in the budget to ease the painThe average mortgage rate that UK homeowners are paying is set to rise steadily over the next three years, and peak at 4.2% in 2027, according to an official prediction last week.The Office for Budget Responsibility (OBR), the Treasury\u2019s tax and spending watchdog, says this is significantly higher than the 2% figure just over two years ago. Continue reading…
\n
\nSource : theguardian.com
\nRead more…How to survive mortgage turmoil as rates go up and deals are pulled<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Homebuyers have to try to navigate their way to an affordable deal with no help...<\/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-142978","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-Bc6","jetpack-related-posts":[{"id":137338,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-turmoil-continues-as-santander-pulls-deals-for-new-borrowers\/","url_meta":{"origin":142978,"position":0},"title":"UK mortgage turmoil continues as Santander pulls deals for new borrowers","date":"June 12, 2023","format":false,"excerpt":"\r Move follows decision by HSBC and applies to brokers and online applications as lenders hike fixed ratesSantander is the latest major bank to announce it is temporarily pulling its mortgage deals for new borrowers off sale as the turmoil in the home loans market shows no signs of abating.Days\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137265,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-banks-pull-hundreds-more-home-loan-deals-as-fixed-mortgage-rates-rise\/","url_meta":{"origin":142978,"position":1},"title":"UK banks pull hundreds more home loan deals as fixed mortgage rates rise","date":"June 6, 2023","format":false,"excerpt":"\r Mortgage market turmoil prompts record numbers of people to take out loans of more than 35 yearsHundreds more home loan deals have been pulled by banks and building societies since the end of last week while rates on new fixed mortgage deals are continuing to ratchet upwards, the latest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171128,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-uk-mortgage-rate-tops-5-as-lenders-scurry-to-reprice-loans-amid-middle-east-crisis\/","url_meta":{"origin":142978,"position":2},"title":"Average UK mortgage rate tops 5% as lenders scurry to reprice loans amid Middle East crisis","date":"March 11, 2026","format":false,"excerpt":"\r More than 500 lending products pulled in biggest single upheaval since Liz Truss\u2019s mini-budget in 2022How will war in the Middle East affect your finances?Business live \u2013 latest updatesAverage mortgage rates in the UK have flown past 5% as lenders scramble to respond to growing turmoil in the home\u2026","rel":"","context":"In "Property 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News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148746,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-debt-market-sell-off-threatens-to-push-up-mortgage-costs\/","url_meta":{"origin":142978,"position":4},"title":"UK debt market sell-off threatens to push up mortgage costs","date":"January 10, 2025","format":false,"excerpt":"\r About 700,000 homeowners face increase when fixed-rate deals end this yearBusiness live \u2013 latest updatesAbout 700,000 homeowners are facing an increase in mortgage costs when their fixed-rate deals end this year, as a sell-off in the UK government debt market plunges the financial markets into turmoil and threatens to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":150840,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/barclays-cuts-rates-on-some-mortgages-to-below-4-amid-us-tariffs-turmoil\/","url_meta":{"origin":142978,"position":5},"title":"Barclays cuts rates on some mortgages to below 4% amid US tariffs turmoil","date":"April 10, 2025","format":false,"excerpt":"\r Bank is largest UK lender to cut rates in apparent response to turbulence, and experts predict others will follow Business live \u2013 latest updatesBarclays has become the largest UK lender so far to cut its mortgage rates in apparent response to the financial turmoil sparked by the US trade\u2026","rel":"","context":"In "Property 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