Cookies on the PFS website

By using and browsing the PFS website, you consent to cookies being used in accordance with our policy. If you do not consent, you are always free to disable cookies if your browser permits, although doing so may interfere with your use of some of our sites or services. Find out more »

Personal Finance Society
Recently added to my basket
Sorry but there was an error adding this to your basket. Please try adding it again

Mortgage market review - July 2016

Mortgage market update for July 2016


Trade bodies react to Brexit vote: 'prepare for volatility'
Mortgage and property trade bodies say the Brexit vote will cause volatility in house prices, mortgage rates and rents.

Property pundits: Brexit set to freeze UK house deals
Brexit uncertainty is likely to put the brakes on the UK property market, with transaction volumes potentially falling by up to 20 per cent, experts warn. 

Fixed rate mortgage deals set to get cheaper post-Brexit
Fixed rate mortgages could fall further still following the UK's vote to leave the EU, according to John Charcol senior technical manager Ray Boulger.      

Buying cheaper than renting in over half of UK cities
Rocketing rent prices and sky high demand for property mean monthly mortgage repayments are now less than rent in over half of the UK cities, new research shows.        


Labour warns of cuts to affordable housing post-Brexit
Labour has warned that if the UK leaves the EU it could result in the loss of 18,000 affordable homes by 2020.      

Markets in turmoil as Britain votes to leave the EU
Sterling has hit a 31-year low and global markets have plummeted following Britain's decision to leave the EU. While polls initially put the Remain camp in the lead, in the final vote there was 52-48% split in favour of leaving the EU.        

FCA: EU negotiations will shape future of regulation
The FCA says regulation will be shaped by the negotiations to come on the future relationship between the UK and the EU. In a statement this morning, the regulator says the vote to leave the EU will have "significant implications" for the UK and for financial regulation.         


Halifax to reward first-time buyers and home movers with gift vouchers
Halifax is offering first time buyers and home movers a £500 gift card for Currys PC World when they successfully apply for a qualifying mortgage between 20 June and 14 August 2016.      

HSBC launches first 0.99% fix as mortgage price war heats up
HSBC has launched a new fixed rate mortgage with an interest rate below 1%, as competition between lenders heats up. The two-year fixed rate mortgage has an interest rate of 0.99%, the lowest since records began.             

Prestige revamps mortgage range
Prestige Finance, part of OneSavings Bank, has simplified its mortgage range by creating one Prime range for loans up to £2.5 million.      

Yorkshire launches two-year fix below 2% for first-time buyers
Yorkshire Building Society has launched a two-year fixed rate mortgage under 2% aimed at first-time buyers. The Society is offering a two-year fix at an interest rate of 1.98% rate for buyers with a 10% deposit. The mortgage has a £1,345 product fee.         


Fears it could take five years for house prices to recover from Brexit
New research has found that that a majority of Britons that think house prices will fall in the event of a Brexit vote believe it will take five years for the market to bounce back.      

The 20 most desirable UK locations for young professionals
The south coastal town of Hove is the most desirable location to buy a home in England and Wales for young professionals, new research shows.

40% of Brits believe interest rates won't rise if there is a Brexit vote
With the EU referendum just days away, new research has revealed that four out of 10 Brits believe a Brexit vote will have no impact on interest rates. 

Top seaside buy-to-let postcodes
Hull has been named as the top seaside postal area for landlords in England and Wales. The latest LendInvest Buy-to-Let Index looked at coastal towns to find which areas offered the top average rental yields to landlords.  


Experts warn of slowdown in uk property market
Experts have warned that the UK housing market is set for a severe slowdown following the decision to exit the EU. The International Monetary Fund said exiting the EU could send property prices plummeting while analysis by the Treasury showed that up to 18% could be knocked off the value of people's homes.       


Not already a member?

Members get access to a range of benefits, including quality CPD and discounts on CII exams.


Please sign in to comment on this article