September 24th, 2015
As part of the EU’s Mortgage Credit Directive initiative, due to take effect on 21st March 2016, lenders will be required to change their approach to lending once again in order to remain compliant with the directive iss... Read More
September 17th, 2015
Contractor friendly lender Nationwide have launched a fresh range of 5% deposit products, outside of any current or existing government schemes.
The UK’s largest building society are committing to an additional £... Read More
September 15th, 2015
Mortgage giant Virgin Money has this week announced an overhaul of their lending policy, which could see them become a genuine option for many contractors looking for a mortgage.
Until recently, Virgin Money were ve... Read More
September 9th, 2015
The Bank of England have today voted again to keep Base Rate at 0.5%, following this month’s meeting of the Monetary Policy Committee.
The Committee, which votes on changes to Base Rate monthly, has voted to maint... Read More
September 8th, 2015
In the summer budget George Osborne announced that tax relief on buy to let mortgage interest would gradually be reduced to 20%.
Starting from April 2017, Britain’s two million buy to let landlords will no longer ... Read More
September 4th, 2015
Amid concerns that the vast majority of the leading economies are struggling to meet growth expectations, the International Monetary Fund have called for the prominent central banks of the world to hold back from raising i... Read More
August 26th, 2015
Contractor friendly lender Clydesdale Bank has this week reduced its minimum income level for those proving income from their day rate.
Previously, a minimum annualised rate of £75,000 was required, meaning those w... Read More
August 25th, 2015
Dubbed “Black Monday” by stock market traders, yesterday saw the Chinese stock market drop suddenly, after reaching a record high in June. Prior to the shock that yesterday’s activity presented, share prices had been... Read More
August 20th, 2015
Revisions to the tax levy for lenders, introduced during George Osborne’s budget last month, have been called into question by the chief executive of Nationwide. Graham Beale suggested that the changes made would cost th... Read More
August 17th, 2015
A growing number of homeowners are neglecting to adequately protect themselves in the event of financial difficulty, according to recent research by Legal & General.
The survey revealed that 40% of parents of un... Read More
