News

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

July 10th, 2014

The Financial Ombudsman Service have today confirmed that complaints in relation to pay day loan companies have doubled over the past 12 months, with the expectation being that more will follow once firms become cleare... Read More

July 4th, 2014

Recent measures introduced by the government’s Monetary Policy Committee are thinly veiled attempts to cool the blazing London housing market, according to one leading mortgage broker.

The Bank of England anno... Read More

July 1st, 2014

It was widely reported in May that the level of new property sales has waned in recent months, and the reduction in activity appears to have continued unabated. The Bank of England provided figures yesterday that evide... Read More

June 27th, 2014

During his speech to present the Bank of England’s half year assessment of the market yesterday, the Governor of the Bank of England, Mark Carney, introduced new rulings on lending limits that will see a restriction put ... Read More