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Posted on: Friday 10th April, 2015 and filed in: Mortgage News
The government’s newly announced Help to Buy ISA looks set to help first time buyers secure their first mortgage – but it could take a while to save. Last month the chancellor announced the new ISA, which aims to boost savings with money straight from the government’s coffers. First time buyers using the ISA will […]
Posted on: Friday 13th March, 2015 and filed in: Mortgages
The election campaign is well and truly heating up with the Conservatives promising to build 200,000 discounted homes in England for first-time buyers if they win. http://www.theguardian.com/society/2015/mar/02/david-cameron-plan-discounted-starter-homes-housing The pledge doubles the original target, which was announced under the Starter Homes Initiative in December 2014. Buyers under 40 can already apply for a 20% discount on […]
Posted on: Thursday 11th December, 2014 and filed in: Mortgage News
Last week George Osborne scrapped the old stamp duty system, no doubt bringing financial relief too many house buyers struggling to get on the ladder. The changes kicked in on December 4th, abolishing the former single slab rate system. It applies to anyone who’s yet to buy, including people who might have exchanged but yet […]
Posted on: Thursday 20th November, 2014 and filed in: Buy to Let
Future pension reforms are expected to trigger more growth in the private residential rental sector. Of course there are additional factors appearing to push the market skywards but I think it’s fair to say that lenders may be preparing for a spike in interest (despite reports of a market cool down).’’ And there is good […]
Posted on: Thursday 6th November, 2014 and filed in: Insurance
Price comparison websites have become popular with millions of people frequently using them to hunt out deals. But in searching for best value insurance quotes, many of us may inadvertently leave a footprint on our credit scores. And we all know how important it is to keep on top of that. When consumers use comparison […]
Posted on: Thursday 18th September, 2014 and filed in: Mortgage News
Lenders are working hard for buyers’ attention these days, and the place with the most heat at the moment is the higher-LTV bracket. LTV is the loan-to-value percentage, so the higher the number, the more of the property’s value is borrowed instead of paid for up front. Lenders are looking to win more business in […]
Posted on: Wednesday 27th August, 2014 and filed in: Mortgage News
There has been many mentions in the news about MMR (Mortgage Market Review) over the past few months. To summarise: The Financial Conduct Authority published new financial guidelines for mortgage lenders. The guidelines in the MMR require advisers to collect more information than they had generally been gathering – particularly around income and affordability. Buyers started […]
Posted on: Thursday 17th July, 2014 and filed in: Insurance
6 million homes at risk as owners do not have any protection insurance Nearly six in 10 mortgaged residential properties in the UK are at risk of repossession because their owners do not have any protection insurance. According to research from Friends Life, some 57 per cent of UK mortgage payers are completely unprotected against […]
Posted on: Friday 27th June, 2014 and filed in: Mortgage News
My colleagues have been discussing the shift in mortgages for quite a while now. We have noticed that the number of people applying for a variable rate mortgage had decreased. It looks like some versions of the tracker are on their last legs. This week Barclays have announced that it’s discontinuing its lifetime tracker product, […]
Posted on: Thursday 19th June, 2014 and filed in: Interest Rates
The Bank of England’s governor Mark Carney recently said that there is ‘no pre-set course’ for raising the BoE rate.
