March 26th, 2013
26th March 2013
Help to Buy Scheme & Clydesdale Bank give Contractors low mortgage rates
In his budget last week, the Chancellor announced the most revolutionary boost to the UK housing market since Thatche
... Read MoreMarch 26th, 2013
George Osborne was always going to be on a hiding to nothing with this one, especially from the contractor community. He started by boldly announcing that “this is a budget for those who aspire to work hard and get o
... Read MoreMarch 20th, 2013
An in-depth report commissioned by the ratings agency Moody’s claims that as many as three quarters of all mortgage borrowers over the age of 60 are utilising the interest only method to repay their debt. In a year w
... Read MoreMarch 13th, 2013
This week a motion presented to the House of Commons by Labour MP’s, to introduce a mansion tax on high value UK properties, was defeated after voting concluded. The mooted plan to introduce a new levy on properties
... Read MoreMarch 7th, 2013
The Bank of England have again maintained the base rate at 0.5%, now making it 4 years of record low rates in the UK.
Another positive trend that has continued in the mortgage s
... Read MoreMarch 6th, 2013
HM Revenue and Customs are to begin enforcing heavy tax fines on current and historically undeclared profits from the sales of second homes and buy to let properties. As part of the proposed penalties, HMRC will offer leni
... Read MoreFebruary 27th, 2013
A market survey carried out by financial resource website Moneyfacts, states that fixed rates are at the lowest levels since the product type’s inception in 1989. On average, it is now possible to secure a fixed rate
... Read MoreFebruary 21st, 2013
As part of new plans to be unveiled during the Liberal Democrats spring party conference, Vince Cable was questioned this week on the news that the party are considering championing a super tax on second property holders.
... Read MoreFebruary 12th, 2013
It has been revealed today that the Treasury is in initial talks with mortgage lenders and banking trade groups to try and implement an acceptable process for wide-spread lending at 95 per cent loan to value. The formation
... Read MoreFebruary 7th, 2013
The Bank of England have again decided to maintain the status quo with the underlying rate of interest in the UK, as well as pausing with any further economic stimulus via quantitative easing. The economy continues to show
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