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 […]
Stay on top of your mortgage
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Stay on top of your mortgage As the UK economy continues to improve, an increase in interest rates is now widely expected at some point in 2015. Higher rates will be welcomed by savers, who have had a lean time over the past few years. Having reached a recent peak of 5.75% […]
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.
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 […]
Borrowers fear interest rate hike above anything else in 2014
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Borrowers fear interest rate hike above anything else in 2014 More than one in four borrowers say their biggest concern for the housing market in 2014 is the threat of rising interest rates, according to the Building Societies Association.
Thinking of Re-mortgaging
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Thinking of Re-mortgaging Great tips from the Money Saving Expert website on thinking about re-mortgaging. Extracted from Moneysavingexpert.com website by Martin Lewis · Why should I remortgage? Because it could save you money and reduce your monthly expenditure. Cutting 1% off a £100,000 mortgage will cut costs by £60-80 a month just […]
Help to Buy
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Help to Buy Are these new 95% LTV Help to Buy mortgages available throughout the whole of the UK? Unlike Help to Buy 1 (the new build shared equity scheme), mortgages on Help to Buy 2 can be arranged on properties in any part of the UK, subject to the lender’s criteria.