A third of people expect to be paying mortgage into their retirement
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] A third of people expect to be paying mortgage into their retirement A recent survey carried out by the Halifax has found that 1 in 3 people expect that they will have to work beyond the age of retirement to help pay off their mortgage. The survey interviewed over 8,100 people aged […]
Self-Employed Get New Opportunity To Buy A Home
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Self-Employed Get New Opportunity To Buy A Home New products offer the self-employed competitive mortgage rates and a chance to get on the housing ladder Two new products have been created by Newcastle Intermediaries in an attempt to address the problems self-employed people face when applying for a mortgage. Steve Carruthers, Newcastle […]
Selling a Buy to Let Capital Gains Tax
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Selling a Buy to Let Capital Gains Tax Selling an investment property triggers liability based on the increase in value of the asset during ownership, minus certain costs. Where you have lived in a property as your main home , for any point of your ownership, the period is discounted when calculating […]
Buy to Let – The New Tax Rules
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Buy to Let – The New Tax Rules In the 2015 Summer Budget and Autumn Statement, the Chancellor introduced several changes that will affect anyone buying or owning a buy-to-let property in the UK. It is important that landlords understand these changes because they may affect the profitability of many buy-to-let portfolios, […]
Mortgage Credit Directive
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Mortgage Credit Directive by Ian Chambers at Hoskin Home Loans. Mortgage Credit Directive is almost upon us and as with all change people are apprehensive but also excited especially in the second charge industry as predictions are that it will be able to gain some of the remortgage markets share of business. […]
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 […]
Say Goodbye to your Standard Variable Rate (SVR)
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Say Goodbye to your Standard Variable Rate (SVR) Whilst many homeowners choose to re-mortgage as they reach the end of their current deal, many still opt for the flexibility of their lender’s Standard Variable Rate (SVR). Around 3.2 million residential mortgage accounts in the UK are on a SVR scheme – that’s […]
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 […]