The Bankš¦ of England cautioned earlier this month that expansion will rocket to its most elevated level for 10 years which it is likely to hike interest ratesš¹ within the ācoming monthsā to undertake and bring CPI back to its 2 per cent target.However, the Bankās governor Andrew Bailey has expelled conversation of expansion proceeding …
Banks and buildingĀ societiesĀ have beenĀ urgedĀ to consider changes toĀ lendingĀ criteriaĀ to š¦æassistĀ anĀ evaluatedĀ 47,000 borrowers whoĀ mayĀ advantageĀ from a cheaperĀ homeĀ loanĀ but areĀ as of nowĀ incapableĀ to move.A review ofĀ āmortgage prisonersāĀ by the Financial Conduct Authority found there were about 195,000 households whose debts had been sold on to inactive lenders and that a quarter of them could save moneyšøĀ #banksĀ #buildingĀ #moneyĀ if they were allowed to switch to a new …
FCA urges lenders to support UKās 47,000 āmortgage prisonersā Read More »
Although rising š house prices will make it harder for those trusting to urge into the property step, there’s a little great news for first-time buyers as mortgage rates for those with a 10% deposit have fallen over the past few months. The average rate on a two-year settled š mortgage for those with a 10% …
The number of āļørental properties being repossessed by moneylenders since the proprietors are as well far in arrears on their buy-to-let mortgage has rocketed by 40 per cent compared with last year. Figures from UKš¶ Fund appear that 4,550 buy-to-let mortgages were in arrears of 2.5 per cent or more of the whole borrowing within …
Buy-to-let repossessions soar as āstrangleholdā on landlords continues Read More »
The number of mortgages approved for UK house purchases fell to its lowest level in 16 months in October as the ādistortive effectā of the stamp duty holiday came to an end.Figures from theĀ Bank of EnglandĀ showed that 67,200 new homebuyer mortgages were approved during the month, down from 71,851 and well below the high of …
UK mortgage approvals at the lowest level since mid-2020 Read More »
British lender Kensington Mortgages is to launch fixed-rate mortgages of up to 40 years on Tuesday in what will be one of the first products of its kind in the UK market. The lender has partnered with Rothesay, the UKās largest pensions insurance specialist which has more than Ā£60bn in assets, to finance the longer-dated …
One of the biggest concerns around a risešin intrigued rates is the potential affect on the cost of mortgages.Property holders with tracker mortgage š¤š» deals ought to see a quick change to their monthly installments, as their rate is specifically pegged to interest rates.In due course, a rate rise will nearly certainly affect mortgage holders …
What does an interest rate rise mean for mortgages? Read More »
A secular use for a controlled šŖ family buy-to-let mortgage is for guardians to buy a property and rent it to their š§ child, while they are at university for case, or just beginning out at work. It might also be used if you have elderly guardians that need to move someplace smaller. In contrast …
If you’re one of the almost 5 million self-employed people in the UK, or you’re thinking of becoming one, you could face tougher lending rules. Speaking to an independent mortgage broker is a great idea (which of course we do š so get in touch if you need help at https://lnkd.in/ddQ9AHQ). Get the full details …
What it’s like for self employed people to get a mortgage at the moment? š¤ Read More »
We’re mortgage advisors that want to help landlords and professionals like you rent out your first property, find the right remortgaging deal, and generally save some money on your mortgage! The fact that we’re a broker too is useful because it means we’ve got access to thousands of different lenders, which helps in finding you …
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