Shared ownership
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Shared ownership 10 tips to help you on your way 1) Manage your expectations, because housing associations are not charities. If you default on rent or a mortgage, your home may be repossessed. The association will not bail you out if your home falls into negative equity or if you struggle to […]
Stress tests for buy-to-let mortgages
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] The Bank of England is likely to introduce stress tests for buy-to-let mortgages, which will restrict the amount landlords can borrow, brokers have warned. It has been suggested that the Bank might look to use other tools other than interest rate rises to control the housing market without endangering growth in the […]
Could Mortgage Rates Fall Further???
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Could Mortgage Rates Fall Further??? Mortgage rates could be set to fall further after the Bank of England suggested base rate could remain on hold throughout 2016. The BOE warned in its inflation report that the global growth outlook had weakened. The BOE indication that an increase in base rate may be […]
Older borrowers with interest-only loans
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Older borrowers with interest-only loans using equity release to clear mortgage trebles The number of borrowers using equity release as a means of paying off an interest-only mortgage has trebled. Lenders have tightened up on their lending into retirement criteria over the past 2 years, possibly in prospect of the Mortgage Market […]
RE-Mortgage Market on the Up.
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Is it time You RE-Mortgaged? For the first time in 11 months the remortgage market has shown promising signs of staying on the up. The Council of Mortgage Lenders stated that there were 26,600 loans to remortgage borrowers in March which is an increase of 6% on March 2014’s 25,200. The number […]
Interest Rates to Fix or Not To Fix
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Interest Rates to Fix or Not To Fix The proportion of borrowers opting for fixed rate mortgages fell in September despite the market expecting base rate to increase within the next year. The proportion of purchase borrowers choosing to fix fell 2 per cent from September 2013’s average of 94 per cent. […]
The Bank of England has moved to cap loan to incomes on new mortgage
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] The Bank of England has moved to cap loan to incomes on new mortgage The Bank of England has moved to cap loan to incomes on new mortgage lending in a bid to cool the housing market.
Base Rate to be Maintained at 0.5% for the 62nd Consecutive Month
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] The Bank of England’s monetary policy committee has once again voted to maintain the base rate at 0.5 per cent – the 62nd consecutive month of record-low rates. The last change to base rate was a 0.5 per cent reduction to its current level on 5 March 2009.
Getting a Mortgage from April 26th 2014
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Getting a Mortgage After The new Mortgage Market Review April 26th 2014 · What you need to know when you get a new mortgage or · change your existing mortgage. · New mortgage rules that will affect you New mortgage rules that will affect you In the past, some people were allowed […]
Borrowers may have to wait weeks for branch adviser meetings
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Borrowers may have to wait weeks for branch adviser meetings Borrowers could be forced to wait weeks for an appointment with lenders’ mortgage advisers after the Mortgage Market Review as firms race to get qualified staff in place. Last week, a business development manager at one of the UK’s biggest lenders warned […]