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Wondering how mortgage payment holidays work? Not sure how to apply for a mortgage holiday? The experts at Westexe Mortgages are committed to helping our clients during this COVID-19 outbreak, and providing you with the latest updates about news that will affect your mortgage. Everything you need to know about mortgage payment holidays: Mortgage payment […]

Peter Marriott

During this COVID-19 outbreak, Westexe Mortgages is continuing to trade and look after our customers. We must all remain positive and support each other during these difficult times. Here are some of the latest news developments that could affect your mortgage during this pandemic: Latest mortgage-related news during COVID-19: Government announces 3 month mortgage payment […]

Peter Marriott

Wondering how the COVID-19 outbreak will affect your mortgage? Not sure if coronavirus will make mortgage rates rise or fall? We have the answers. At Westexe Mortgages, we are committed to conducting business as usual, and continuing to offer specialist, flexible advice on mortgages across Devon and the South West. Mortgage advice from Westexe Mortgages […]

Peter Marriott

More than half of prospective first-time buyers are confused by common housing market and mortgage terminology, according to research. This complicates the process for young people as they try to take their first step on the property ladder and means they could be missing out on the very initiatives that are designed to make the […]

Peter Marriott

First-time landlords can choose from a record level of mortgage products, as lenders fight for new landlord entrants to the market, analysis showed. The number of buy-to-let deals for novice investors has increased by 13% over the past year to 1,268, according to Moneyfacts data. The rate on a typical two-year fixed-rate, first-time landlord mortgage […]

Peter Marriott

More lenders are relaxing affordability criteria to make it easier for borrowers to qualify for mortgages and larger loan amounts, brokers have suggested.  A number of lenders have openly increased loan to income multiples in recent weeks, including Barclays, Platform and Cambridge Building Society. And Coventry for Intermediaries recently changed its affordability model with the aim […]

Peter Marriott

The average five-year fixed rate has fallen to 3.43%, a joint record-low which was last seen in October 2017, according to Moneyfacts data. The fall in rates has been attributed to attempts to attract borrowers who will be considering remortgaging after taking out two-year fixed rates ahead of the stamp duty changes in April 2016. […]

Peter Marriott

The gap between buying and renting has widened significantly, primarily driven by a reduction in mortgage rates. Data shows that the average cost including mortgage payments of buying a three-bed home in the UK was £679 a month in December 2017, compared to the average monthly rent of £754 for the same property type. The […]

Peter Marriott

No Time to Lose

7Nov 2017

The average two-year fixed mortgage rate has risen from its historic low in October with a 0.12% increase, the highest monthly rise since August 2009, according to Moneyfacts data. This rise has effectively wiped out any rate cuts that have occurred in the last six months, seeing the average rate surpass May 2017 figures to […]

Peter Marriott

For the first time in more than 10 years the Bank of England has raised interest rates. The official bank rate has been lifted from 0.25% to 0.5%, the first increase since July 2007 when rates hit 5.75%. The move reverses the cut in August of last year – made in the wake of the […]

Neil Henry

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