August 7th, 2014
The Bank of England have announced that they have held the base rate at 0.5%, as the attention of the world’s economic policy-makers shifts to the UK housing market, and using a base rate hike to stem the increasing... Read More
August 6th, 2014
The Financial Conduct Authority has now released the process required for all mortgage lenders to follow when assessing the loan-to-income ratio for all mortgage cases. As the press release confirms, the outline has be... Read More
August 4th, 2014
Following swiftly on from a recent decision to restrict Help to Buy funds to solely first time buyers, the Lloyds Banking Group will today confirm that the maximum level of borrowing possible for a customer utilising the H... Read More
July 30th, 2014
The results of a Halifax survey have this week revealed that home buyers confidence in the UK property market could be at its lowest in more than three years.
The annual Halifax Housing Market Confidence tracker... Read More
July 28th, 2014
Another large High Street bank has decided to impose a limit on borrowers looking to take out new mortgages. A Santander spokesperson announced a ‘loan to income’ (LTI) cap on most of its residential mortgage deals. Th... Read More
July 24th, 2014
The number of homes purchased in June exceeded statistics seen at any time since the housing market high of late 2007, recent figures have revealed.
HMRC say that 109,580 properties changed hands in June, the highes... Read More
July 22nd, 2014
The high potential for interest rate rises appears to be affecting the choices many borrowers are making when choosing a rate at the point of remortgage. Mortgage Advice Bureau conducted a survey of 550 mortgage brokers an... Read More
July 18th, 2014
Last month the payday loan company Wonga were forced to pay £2.6m in compensation by the Financial Conduct Authority, for sending customers misleading letters from fabricated law firms, in an attempt to pressure borr... Read More
July 16th, 2014
Lloyds Banking Group have today made it easier than ever before to buy a newly built home, says Taj Kang of specialist broker Contractor Mortgages Made Easy.
“Exciting news released by LBG today has revealed a rea... Read More
July 10th, 2014
The Bank of England has again maintained the base rate at 0.5% this lunchtime, with many being left confused by inconsistent messages emerging from the Bank’s chief, Mark Carney, about when rates may increase. In a f... Read More
