News

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

March 7th, 2013

The Bank of England have again maintained the base rate at 0.5%, now making it 4 years of record low rates in the UK.

Another positive trend that has continued in the mortgage ... Read More

March 6th, 2013

HM Revenue and Customs are to begin enforcing heavy tax fines on current and historically undeclared profits from the sales of second homes and buy to let properties. As part of the proposed penalties, HMRC will offer leni... Read More

February 27th, 2013

A market survey carried out by financial resource website Moneyfacts, states that fixed rates are at the lowest levels since the product type’s inception in 1989. On average, it is now possible to secure a fixed rate... Read More