February 4th, 2016
The Bank of England has today voted in favour of maintaining its present historic low of 0.5% for the bank’s Base Rate of interest.
It now means that one more month of stability will see the UK pass the seven year... Read More
February 3rd, 2016
The government scheme “Help to Buy London” has come into force aimed at offering aspiring homebuyers in London a helping hand onto the property ladder. The scheme offers homebuyers interest-free loans of up to £240,00... Read More
January 28th, 2016
The Financial Conduct Authority has presented a clear warning to any borrower, looking to take a self- certification mortgage for a property. In lieu of the news last week, that a new self-certification lender, selfcert.co... Read More
January 26th, 2016
Mortgage lending throughout 2015 hit figures not seen for seven years, according to figures released by the Council of Mortgage Lenders.
The CML estimates that gross mortgage lending reached £19.9 billion in Decemb... Read More
January 20th, 2016
The governor of the Bank of England, Mark Carney, presented a bleak review of the UK’s economic growth, as he confirmed that an increase to interest rates is not likely to occur in the near future. While giving a speech ... Read More
January 14th, 2016
The Bank of England’s Monetary Policy Committee (MPC) has today held Base Rate at 0.5% once more, edging towards a 7-year anniversary of the current historic low.
Should Base Rate remain unchanged beyond March, it... Read More
January 13th, 2016
Pressure is building on lenders to review their maximum age limits after two firms this week loosened their criteria on lending into retirement.
Following the mortgage market review in 2014 many lenders request proo... Read More
January 7th, 2016
For those mortgage borrowers edging closer to the end of a tie-in period on their mortgage, taking the opportunity to review their interest rate could save hundreds of pounds per month. In particular, fixed rates have rema... Read More
January 6th, 2016
HM Revenue and Custom’s consultation period regarding the new changes to Stamp Duty Land Tax (SDLT) on second properties is now in full swing, ahead of final confirmation of the change in March’s Budget announcement.Read More
December 22nd, 2015
The cost of renting a home in the UK could increase at a faster rate than the cost of buying, according to recent research from the Royal Institute of Chartered Surveyors (RICS).
Simon Rubinsohn, RICS chief economi... Read More
