News

October 30th, 2014

Figures released this week by the Bank of England show mortgage approvals have fallen by a staggering 12.3% year-on-year, in the first indicator of market position since April’s Mortgage Market Review (MMR).

October 29th, 2014

Nationwide will today be launching a selection of 10 year fixed rate options, in answer to demand for longer term interest rates. The recent spate of interest rate reductions has vastly reduced the margins offered by many ... Read More

October 23rd, 2014

During a session in the House of Lords this week, the deputy chief whip, Lord Dick Newby, called for the FCA to focus on UK mortgage lenders approach towards older borrowers. The Liberal Democrat peer said that lenders are... Read More

October 21st, 2014

HSBC have announced this week their lowest priced mortgage product ever, amid the beginning of a rate war amongst mortgage giants.

The product, a discounted rate from HSBC’s Standard Variable Rate (SVR), i... Read More

October 16th, 2014

Fears of an increase in the Bank of England Base Rate are becoming more immediate, following figures released by the Office of National Statistics this week, showing unemployment at a 6-year low.

The figures, releas... Read More

October 15th, 2014

Mortgage lenders have recently ramped up efforts to meet annual lending targets by reducing interest rates below 2%, for the first time since the release of the Financial Conducts Authority’s Mortgage Market ReviewRead More

October 9th, 2014

The Bank of England have again held interest rates at their current level, as Bank boss Mark Carney warned that the first rate change since 2009 is edging ever closer. Pointing to economic growth figures for the UK being a... Read More

October 7th, 2014

Historically, Contractors have been something of a financial outcast when it comes to mortgage services.

Mortgage lenders, mainstream ones anyway, have favoured a safety first approach for some time in relation ... Read More

October 2nd, 2014

The government is to assist potential homeowners to get on the housing ladder, in a radical new incentive announced by Communities Secretary Eric Pickles this week.

Under the new ‘Rent to Buy’ scheme, th... Read More

September 30th, 2014

For the second month in a row, the Bank of England (BOE) has revealed that mortgage approvals have fallen on the previous month’s activity. Property purchase levels dropped in August to 64,212, from 66,100 in July, a... Read More