News
Allica expands owner-occupier mortgage lending and launches cashback offer
The bank has introduced a 0.5% cashback offer on qualifying mortgage applications submitted between 26th November 2025 and 31st March 2026.
Mortgage terms
Lead Story
Average first-time buyer mortgage term up to 32 years, finds TSB
Overall, first-time buyers accounted for 35% of all mortgage completions in 2023 – with the average age of FTBs at 31, marginally down on 32 in 2022.
News
Number of people taking out mortgage terms of 35 years or more skyrockets by 117%
Data found that there are now also nearly four times as many people taking out mortgages with terms that they will be still paying off in their 70s.
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Mortgage-term flexibility set to increase in 2023 – Bloomberg Intelligence
Banks could increase flexibility and optionality for first-time buyers and homeowners in 2023 as pricing settles following September.