News

April 17th, 2013

Towards the end of 2012, and into the first quarter of 2013, mortgage lenders have begun to restrict the ability for borrowers to access interest only mortgages as a repayment option for their loans. The move has been made... Read More

April 16th, 2013

Figures released this week by Halifax, the largest contractor-friendly lender in the UK, suggest that contractors who have a mortgage have the ability to achieve financial freedom quicker than those who are currently renti... Read More

April 9th, 2013

The credit referencing agency, Experian, has released data that they suggest clearly shows a consistent rise in the cases of fraudulent applications made for mortgages and insurance products during 2012. The figures show t... Read More

April 3rd, 2013

The Bank of England has again held the base rate of interest at 0.5%, maintaining the lowest rate in the history of the base rate for over 3 years. This announcement follows an interesting piece of news coming out of the B... Read More

April 2nd, 2013

Companies currently marketing themselves as PPI claims experts are reporting that they will aim their sights on the mortgage market, and particularly brokers, whom they believe have sold interest only and sub-prime loans w... Read More

March 27th, 2013

Bold steps to relax the regulatory process, allowing new banking institutions to enter the UK market have been introduced this week by the FSA and Bank of England. The aim is to make the process to apply for a banking lice... Read More

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 Thatc... Read More

March 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 More

March 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 More

March 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 More