Rise In Remortgaging
Rise In Remortgaging Brought About By Record Low Base Interest Rate The Bank of England's record low base interest rate has propelled a rise in remortgages. The mortgage processor Legal Marketing Services has released data showing a rise in...
Workers Struggle To Afford To Live In London
Workers Struggle To Afford To Live In London London workers pay up to 60% more on housing in order to live in the city they work than those living 1 hours travel away. Research by Lloyds Bank has found that for Londoners, living in the most...
Santander’s High Loan-To-Value Mortgages
Santander's High Loan-To-Value Mortgages A Sign Of Confidence In Lending Market The bank is creating a series of high loan-to-value (L.T.V.) mortgages aimed at servicing customers with good credit ratings. Santander are looking to entice...
15% Fewer Rental Properties Put On The Market In August
15% Fewer Rental Properties Put On The Market In August Number of properties newly listed for renting falls throughout the country. The crowdfunding platform Property Partner have compared the number of rental properties being put on the market...
New Era of 1% Interest Rate Mortgages Could Be On The Way
New Era of 1% Interest Rate Mortgages Could Be On The Way A lowering of the Bank of England's base interest rate could stoke competition amongst mortgage providers, leading to interest rates of 1% or even lower. Customers may soon be able to...
New Push To Grow The Interest-Only Mortgage Market
New Push To Grow The Interest-Only Mortgage Market Leeds Building Society looks to widen the market for interest-only mortgages. The chief commercial officer of Leeds Building Society, Richard Fearon believes that mortgages that do not include...
‘Brexit’ Fails To Halt Property Price Rises
'Brexit' Fails To Halt Property Price Rises The building society Nationwide reports property prises in August rising by 5.6% on an annual basis, up from 5.2% in July. According to Rob Weaver, director of investments at property crowdfunding...
Savers Told To Switch Account Providers To Avoid 0.01% Interest Rates
Savers Told To Switch Account Providers To Avoid 0.01% Interest Rates Loyal customers are being hurt the most as companies focus on publicising introductory offers and hiding long-term rates. F.C.A. Aims To Address The Situation The Financial...
Experts Suggest England’s House Price Boom To End
Experts Suggest England's House Price Boom To End Both analysts and estate agents see an end to current house price rises coming. Estate agents warn they “believe the nation has now neared the limit in terms of price rises”, according to Paul...
Uncertainty Ahead If The U.K. Votes To Leave The E.U.
Uncertainty Ahead If The U.K. Votes To Leave The E.U. On Thursday 23rd June, the U.K. will vote in a referendum to decide whether or not to remain in the European Union. A pro-leave outcome would send shock-waves through the U.K. and...
Thousands trapped in Negative Equity
Hundreds Of Thousands Trapped In Negative Equity Due To Where They Live Homeowners in the north of England remain stuck with homes worth less than the value of their mortgage while London property prices surge ahead. According to the latest...
A third of people expect to be paying mortgage into their retirement
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...
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