Vernon Pethard, Managing Director of property portal newhomesforsale.co.uk, looks at how aspirations for home ownership remain strong among prospective first-time buyers despite...
The society has announced that it has launched a no-free medium-term fixed-rate retirement interest-only mortgage with no ERCs and no overpayment restrictions.
With interest rates still likely to come down further, the society says that its new residential product is aimed at those who are not ready to lock in a fixed rate right now.
Interest rates have been held by the Bank of England at 5.25% since August 2023, with predictions mounting that they will finally begin to fall later this year.