May 24th, 2016
Barclays has become the latest lender to impose stricter checks on landlords looking for mortgages.
The bank has increased its minimum rental cover, meaning the rental income from the buy to let must now be 145% of ... Read More
May 19th, 2016
A review carried out by the Financial Conduct Authority has uncovered that lenders are struggling to follow policies when underwriting complex income. This has raised concerns that contractors could be having difficulties ... Read More
May 18th, 2016
UK inflation has fallen for the first time since September to 0.3%.
The Office for National Statistics (ONS) said the rate, measured by the Consumer Prices Index, fell from 0.5% from March.
The drop was due t... Read More
May 17th, 2016
Bank of England governor Mark Carney has defended his warning of last week that the UK leaving the European Union could cause a recession, amid calls for his resignation.
Speaking on the BBC’s Andrew Marr show at ... Read More
May 12th, 2016
The Bank of England’s Monetary Policy Committee (MPC) has today held its Base Rate of interest at 0.5% once more, in the wake of a slowdown in the housing market.
Base rate was widely expected to increase at some ... Read More
May 10th, 2016
The UK’s largest building society will raise its maximum age limit for mortgage terms by 10 years up to age 85.
Nationwide said the increase was due to “growing demand”, a potential signal of the impac... Read More
May 5th, 2016
One of the UK’s largest buy to let lenders is tightening up its criteria for buy to let landlords by increasing the minimum deposit and rental coverage requirements.
The Prudential Regulation Authority (the PRA) h... Read More
May 4th, 2016
The insurer, Legal & General, released data yesterday that confirmed the level of monies being gifted by parents to children to complete property purchases will reach £5bn by the end of 2016. It’s estimated that the... Read More
April 27th, 2016
As an unprecedented volume of borrowers joined the rush to beat the April 1st introduction of stamp duty on second properties, the market saw a significant rise in
activity for the first three months of 2016. So mu... Read More
April 26th, 2016
Contractor friendly mortgage lender Halifax has this week re-opened its popular cashback incentive for those buying their first home.
Traditionally contractor friendly, even in the days when options were restricted... Read More
