Tag: belfast

Increase in remortgage activity.

Northern Ireland’s remortgage activity surged in February 2026, driven by a wave of maturing fixed-rate deals and easing mortgage rates. With regional house prices leading UK growth at nearly 6% annually, homeowners are leveraging equity to secure competitive new products as lenders battle for business.

There was a 12% rise in remortgage instructions in February according to the LMS.

The most popular main aim when remortgaging was to lower monthly payments, cited by 28% of borrowers. The survey by the conveyancing firm says 42% of borrowers increased their loan sizes in February. Popular reasons for increasing mortgage loans was home improvements and to consolidate more expensive debts to a cheaper mortgage rate.

46% of those who remortgaged took out a five-year fixed-rate product, which was the most popular product last month. 45% opted for 2 year fixed rate products. Borrowers are unconvinced about pending rate reductions despite mortgage lenders factoring this in with lower interest rates.

Get in touch with a local Mortgage Advisor for the best remortgage solutions

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Income Plus multiples for First Time Buyers

Income plus affordability for first time buyers. Leeds Building Society

A range of new mortgages and improvements in assessing borrowers affordability to repay will result in Leeds Building Society offering first-time buyers up to £66,000 more on average.

The Income Plus mortgages could result in aspiring homeowners with a minimum household income of £40,000 to borrow up to 5.5 times their earnings, compared to 4.5 times on the Leeds BS standard lending.

These changes will result in the average first-time buyer being able to borrow a maximum of £356,000 through Income Plus compared to £290,000 under its standard lending.

Single and joint borrowers, including those who are self-employed, are eligible for Income Plus mortgages which are available at up to 95% loan to value, including new build houses (new build flats 85% loan to value).

They can also be combined with the society’s existing green affordability benefit which enhances the affordability on a new build home with an Energy Performance Certificate of A or B.

Income Plus will be available via the society’s intermediary partners only.

Rates on the seven Income Plus mortgages range from 4.40% at 75% LTV (£999 product fee) to 5.15% (£999 product fee, £500 cashback) and 5.19% (no product fee, no cashback) at 95% LTV. All of the mortgages are fixed for five years and include a standard home valuation survey.

Income plus will support the increasing number of first-time buyers facing affordability constraints.

To discuss your mortgage options contact us.

Reduction in 5 year fixed rates

The average five-year fixed mortgage rate is now 4.66%, down from 5.33% 12 months ago according to the Rightmove weekly mortgage tracker

The data shows the average two-year fixed mortgage rate is now 4.92%, down from 5.76% a year ago. A significant reduction of 0.84%.

The property portal calculated that the average monthly mortgage payment on a typical first-time buyer type property when taking out an average five-year fixed, 85% loan-to-value (LTV) mortgage, is now £1,093 per month, down from £1,159 per month a year ago.

Meanwhile, the average 85% LTV five-year fixed mortgage rate is now 4.69%, down from 5.40% a year ago, while the average 60% LTV five-year fixed mortgage rate is now 4.05%, down from 4.91% a year ago.

To discuss your mortgage options contact us.

Find the Best Mortgage Deals in Belfast

Belfast Mortgage Adviser

Contact a Belfast Mortgage Advisor for the best advice and service. Partner Advisors with Best Mortgage Services have a wealth of experience in sourcing great mortgage and insurance deals for their clients.

Home and telephone appointments available to suit your schedule.

Benefits of using a Mortgage Broker?

  • They will meet with you at a time that suits your schedule
  • Talk you through the full application process
  • Check affordability and obtain an agreement in principle
  • Process your application and liaise with solicitors and estate agents
  • Ensure you are provided with the best mortgage protection advice
  • Contact you when your mortgage is due for renewal to ensure your interest rate is always competitive. This could save you thousands over the term of the mortgage.
  • Your local Mortgage Broker is just a phone call away to assist with all areas of Financial Planning

Book an appointment with a local Advisor.

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Mortgage Advice Belfast

Best Mortgage Services are proud to work with the best Mortgage Brokers in Northern Ireland providing a great service to customers. Not all UK lenders will lend in Northern Ireland and it is important to speak to a mortgage broker who knows the local market inside out.

Mortgage Advisors Belfast

Not all UK lenders offer mortgages in Northern Ireland so local brokers use their expert knowledge to match you to the best mortgage solution. Whether you are buying your first home, a buy to let investment or seeking a better remortgage deal a local broker will ensure that you get the very best deal.

Mortgage Broker Belfast

Your local mortgage broker will do all the paperwork, submit the application to the lender and advise what other documents are required to process the case to a mortgage offer. Once your mortgage completes they will diary it for review in the future to ensure that you continue to get the best mortgage deals. They will also assess your needs regarding mortgage protection protects such as life insurance, critical illness insurance and income protection.

Book a free mortgage consultation.

The information provided on this website is for information and guidance purposes only and does not represent financial advice. Financial advice is provided by our partner advisors who are regulated by the Financial Conduct Authority.