News

March 12th, 2014

Charlie Bean, the outgoing Deputy Governor, has suggested this week that it should be a cause for ‘celebration’ when the Bank of England finally increases interest rates, after five years at 0.5%.

Bean said that... Read More

March 6th, 2014

The Bank of England has this afternoon held the underlying rate of interest in the UK at 0.5%. They have also held back on any further economic stimulus, as they watch the housing and mortgage markets gather pace.

A... Read More

March 6th, 2014

Contractors will face increasingly intrusive questions around their personal spending from lenders if they apply for a mortgage. Strict new mortgage rules around affordability assessment for borrowers come into force on 26... Read More

March 4th, 2014

Halifax Bank have announced the return of a stamp duty paid incentive for first time buyers on selected interest rates, which has sparked a wave of interest for many looking to make the initial move onto the property ladde... Read More

February 27th, 2014

When most Freelancers hear the letters ‘MMR’, most will think of having to drag their children into the surgery for a mandatory injection. The recent Mortgage Market Review, also known as MMR, has been touted by the Go... Read More

February 27th, 2014

The use of pay-day loans across the UK has risen considerably over the past 12 months, with the temptation of quickly accessible funds an option that many people have been unable to ignore. But new figures from a debt advi... Read More

February 25th, 2014

A radical revamp to the UK’s oil & gas industry is set to add at least £200bn to the UK’s economy over the next 20 years, it has been suggested.

Sir Ian Wood, former head of oil services supplier Wood Grou... Read More

February 20th, 2014

A group of UK lenders have started the next phase of mortgage rate increases by targeting a new category of mortgage products – those for contractors with low deposits. The latest move follows further increases in fixed ... Read More

February 18th, 2014

As interest rates increases now appear to be inevitable over the next 12-24 months, many market experts are reflecting on what is the best strategy for contractors looking to either take on a new mortgage or to refinance t... Read More

February 13th, 2014

The good news for contractors looking for a mortgage loan is that the Bank of England have confirmed that increases to the base rate will not be imminent, amid speculation that the sharp decrease in unemployment figures wo... Read More