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A mortgage term is the length of time you have to repay your loan. And across
the UK, terms are getting longer.
New research from Sprive, based on over 190,000 homeowners, found that
66% of those under 30 now have mortgage terms of 30 to 40 years.
A longer term reduces your monthly payment but increases the total amount
of interest you pay over the life of the loan.

The average UK property reached £272,000 in June 2026, though annual price growth slowed to 2%. Northern Ireland leads the market with a 9.2% annual price increase, while private rents across the UK hit £1,393 per month. High mortgage rates and a 12-year high in property listings give active buyers stronger negotiating power.

Average new UK mortgage rates climbed from 5.47% to 5.59% between July
and early August 2026, reversing three consecutive months of rate cuts.
 Geopolitical conflicts in the Middle East drove up energy costs, which pushed
swap rates higher and reignited UK inflation concerns across financial
markets.
Mortgage products are changing quickly, with the average shelf life of a deal
falling to just 11 days before being repriced or withdrawn.

Prime Minister Andy Burnham confirmed that Stamp Duty Land Tax (SDLT) will not be changed or abolished in the upcoming Autumn Budget.
Standard residential thresholds starting at £125,000 remain active alongside existing First-Time Buyer relief up to £500,000.

If you hold a Halifax mortgage and have caught the recent headlines, you might
naturally be wondering what is happening to your home loan. The announcement
that a brand deeply rooted in British banking history for over 170 years is being
retired is significant news.

The Bank of England’s Monetary Policy Committee met on 30 July 2026 and voted
to keep Bank Rate at 3.75%. This is the fifth consecutive meeting without a change,
with rates sitting at this level since the last cut in December 2025.

"Will my anxiety show up on a mortgage application?" "Can a lender turn me down because I take antidepressants?" These are honest questions, and a surprising number of people quietly worry about the answer before they ever pick up the phone to a broker.

Santander has become the first major UK high street bank to exclude energy bills from affordability checks on qualifying “Zero Bills” homes.
Because monthly running costs are lower, eligible buyers could borrow up to £30,000 more without needing an increase in income.

How lenders review modern spending habits and borrowing power.
Lenders judge control, not morality: They do not care what you spend money on, only whether your spending is controlled and predictable.
Subscriptions are discretionary: A payment to a platform like OnlyFans is treated like any other regular spend, unless it becomes large or frequent enough to act like a financial commitment.

TL;DR Leeds Building Society has introduced the Start Mortgage: a 2% deposit scheme requiring a minimum £5,000 cash contribution. Halifax already offers a similar sounding £5,000 deposit mortgage, but the rules are different. The property cap is £300,000 and the deposit must come from your own savings, not a gift. Skipton’s Track Record Mortgage goes […]