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28/09/2026

Barclays is hiking rates on 85 mortgage products and withdrawing 6 deals.

The rises go up to 30 basis points (0.30 of a percentage point) and land tomorrow. Mortgage Strategy reports some previously market-leading deals now sit above 5%, with the steepest increases on residential products.

This is the bit that catches people out.

A rate you saw on a comparison table last week is not a rate you can have. Lenders reprice at short notice, and brokers get a cut-off time to get applications submitted before the old pricing disappears.

Whether pricing is held for you depends on the lender and on how far your application has actually got. A decision in principle is not a secured rate.

If you're mid-application, or your fix ends in the next few months, two things worth asking a qualified broker: what deadline applies to the product you're looking at, and what happens if the lender withdraws it before you submit.

How long have you got left on your current fix?

CHL Mortgages and Moda Mortgages pulled their buy-to-let ranges at 5pm on 16 September, and the replacements came back p...
19/09/2026

CHL Mortgages and Moda Mortgages pulled their buy-to-let ranges at 5pm on 16 September, and the replacements came back priced higher.

Mortgage Strategy reported it the same day. That was the notice period. Hours, not weeks.

This is normal now. Lenders reprice off swap rates (what it costs a bank to fix its own funding), and when those move, products get withdrawn fast. Landlords waiting to see if something cheaper appears next week can find the thing they were already offered has gone.

So the useful work is done before the deadline you never see.

Have the paperwork sitting ready: two years of accounts or SA302s, three months of bank statements, the tenancy agreement, current rent figures, EPC (energy performance certificate) for the property, and your company details if you buy through a limited company.

Know your rental cover position too. Lenders stress the rent against the mortgage payment at a set ratio, and that calculation changes when rates move, not just your monthly cost.

A broker can only submit as fast as you hand things over.

What's the one document that always slows your applications down?

The Nature Restoration Levy Regulations 2026 add a new cost line to development appraisals, and most site spreadsheets d...
19/09/2026

The Nature Restoration Levy Regulations 2026 add a new cost line to development appraisals, and most site spreadsheets don't have a row for it yet.

The Regulations set out how a developer can pay a nature restoration levy (a charge paid to Natural England) to discharge environmental obligations, instead of mitigating on the site itself. It applies where the land sits under an Environmental Delivery Plan (a Natural England plan for a defined area). The money funds conservation measures elsewhere.

For anyone appraising a site, that matters for one reason. It's a cash cost with a timing attached, and it behaves like any other statutory payment in your model.

The mistake is treating it as a planning issue. By the time you're submitting, the land price is agreed and the numbers have stopped flexing. It belongs in the appraisal before you offer.

So check whether the land falls within an Environmental Delivery Plan area, and get your planning consultant to tell you what the charge looks like there before you commit.

The Regulations are on legislation.gov.uk as SI 2026/1020.

What else has quietly moved into your appraisal this year?

18/09/2026

Cash sitting in a stocks and shares ISA now carries a charge on the interest it earns.

That comes from The Individual Savings Account (Amendment) (No. 2) Regulations 2026, published on legislation.gov.uk. Three changes matter.

A £12,000 cap on cash ISA subscriptions for anyone under 65. Updated definitions of which money market funds (low risk funds that hold short term cash-like assets) count inside a stocks and shares ISA. And a new charge on interest, or alternative finance return, on cash held inside a stocks and shares ISA or an Innovative Finance ISA (the ISA wrapper used for peer to peer lending).

The last one is the habit change. Plenty of investors park a deposit in the cash portion of an ISA between deals, because it felt like a free holding pen. The wrapper still shelters the investments. The idle cash inside it no longer gets the same free ride.

If you stage deposits that way, worth knowing what your provider is applying the charge to and when, and speaking to a tax adviser before the next completion.

How long does your deposit usually sit between deals?

17/09/2026

The Bank of England held base rate at 3.75% today, and most of the coverage will call that relief.

Worth reading the commentary underneath it. Property Industry Eye's round-up of industry reaction flags a growing prospect of future rises, not just a long pause before cuts.

A hold is not a direction. It's the Bank saying it hasn't decided yet.

That matters most if you're sitting on a fixed rate ending in the next six to twelve months, or you've been holding off on new borrowing waiting for a better number. Waiting is a position, and it carries risk in both directions.

So instead of guessing where the next move goes, know your own figures. What rate does your current deal end on, and what date. What the lender's follow-on variable rate would be if you did nothing. What a stress test at two points higher does to your cover.

Nobody knows the next decision. You can know your own numbers before it lands.

Which of your deals expires first, and have you actually checked the date?

16/09/2026

Foundation is pulling most of its buy-to-let range at 5.30pm on Thursday 17 September.

Aldermore and The Mortgage Works are also increasing rates this week, according to Mortgage Strategy.

Three lenders moving in the same direction in the same week is usually a repricing signal rather than a coincidence. It doesn't tell you where rates go next. Nobody knows that.

What it does affect is timing.

A product withdrawal (lender removing a deal from sale) has a hard deadline. Miss it and that specific product is gone, whatever replaces it. If you're mid-application on a BTL (buy-to-let mortgage) purchase or remortgage, the question worth asking your broker today is whether your case is far enough along to be submitted before the cut-off, and what the fallback looks like if it isn't.

Worth knowing: some lenders honour a rate once a full application is in, others only on offer. That varies by lender and it's in the criteria, not the headline rate.

If your fixed rate ends in the next six months, this is the week to know exactly when.

When does yours expire?

Rental supply has fallen for the first time in three years, and rents are still accelerating. That's Property Industry E...
16/09/2026

Rental supply has fallen for the first time in three years, and rents are still accelerating. That's Property Industry Eye reporting on a market where tenants are competing harder for fewer homes.

If you own one or two standard buy-to-lets, tighter supply gives you more room on price at renewal.

The bigger question is what the same building could earn run as a compliant HMO (a house in multiple occupation, let room by room). Rent per room rather than per property changes the maths. It also changes the work: licensing, room sizes, fire safety, planning in some areas, and a lot more tenant management.

So the honest test isn't whether the rent goes up. It's whether you could fund it, fill it and run it properly.

The free Cashflow Summit on 22 September in Peterborough works through exactly that. Funding and deal sourcing in the morning, operations and compliance in the afternoon, led by HMO operator Latoya.

Tickets are on the PPN Cambridge site under events, and the link is in the first comment.

15/09/2026

NatWest, Santander, HSBC, Lloyds, Nationwide and TSB have all raised mortgage rates twice this month.

Mortgage Strategy reports average rates are now 89 basis points higher than at the start of March. A basis point is one hundredth of a percent, so that's roughly 0.89% added to the average.

On a £250,000 repayment mortgage over 25 years, that order of movement is a meaningful difference to a monthly payment.

What this actually changes is timing.

Most lenders will hold a quoted rate for a set window once you have a mortgage offer, commonly three to six months, though it varies by lender and product. Some let you swap to a lower rate if one appears before completion. Some don't.

So the useful question isn't whether rates go up or down from here. Nobody knows that.

It's whether you know how long your current quote is held for, and whether your lender allows a switch if pricing moves.

Those two answers sit in your offer paperwork or with your broker, and they're worth checking before your window quietly runs out.

Do you know when your rate offer expires?

UK borrowing costs have hit a 19-year high, according to This is Money, as a global bond rout and rising oil and gas pri...
14/09/2026

UK borrowing costs have hit a 19-year high, according to This is Money, as a global bond rout and rising oil and gas prices push gilt yields up.

Gilt yields (what the government pays to borrow) don't stay in Westminster. They feed swap rates, and swap rates are what lenders price fixed mortgages off.

So the deposit-plus-mortgage route gets dearer, and the gap between what a property costs and what a bank will lend against it gets wider.

That gap is now the question. If the lender is doing less of the lifting, who or what does the rest?

There are answers that don't start with a bigger deposit. Lease options (control a property without buying it yet). Vendor finance (the seller is paid over time). Deal packaging. Each has its own legal and risk profile, and none of them is a shortcut. They're structures, and structures need advice.

The No Money Down Summit in Peterborough runs tomorrow, Tuesday 15 September, with live deal analysis and Kevin taking the sessions.

Tickets are on the PPN Cambridge events page, search No Money Down Summit.

The Lloyds House Price Index has recorded the first annual fall in UK house prices since 2023. That is one index.An annu...
12/09/2026

The Lloyds House Price Index has recorded the first annual fall in UK house prices since 2023. That is one index.

An annual figure compares this month with the same month a year ago. If that base month was strong, a flat market shows up as a fall on paper. Nationwide, Halifax and the ONS all measure different things on different lags, so they rarely agree on the same month.

The headline won't change your numbers. Lender repricing will.

LTV bands (the deposit tiers your rate sits in) are set off a surveyor's valuation, not an index. A deal that stacked at 75% can come back at 70%. More cash in, different rate, and that shift tends to arrive weeks before the other indices catch up.

So watch whether two or three indices move the same way, and whether down valuations start appearing on your own offers.

Which would move your buying decision first: a second index confirming it, or your own valuation coming back light?

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