Economic News 24 September 2015
At its meeting in early September, the Bank of England’s Monetary Policy Committee (MPC) voted to hold interest rates at 0.5 per cent by an eight to one majority; Ian MacCafferty was the...
Interest Only Borrowers need to plan
Citizens Advice has warned that there could be almost a million mortgage borrowers with an interest only mortgage but no plan as to how they will repay the mortgage.
Interest only...
LAND REGISTRY DATA: AUGUST 2015 (released 28 September 2015)
Monday, October 5, 2015
LAND REGISTRY DATA: AUGUST 2015 (released 28 September 2015)
The August 2015 Land Registry data showed a monthly increase in average house prices across England and Wales of 0.5 per cent. In London prices increased by 1.7 per cent,...
Mortgages for older borrowers
With the UK population living longer and working later in life, it comes as no surprise that our mortgage requirements are also beginning to change. High house prices have made it all the...
What do I need to do to do before I apply for a mortgage?
Friday, September 11, 2015
With the tougher mortgage rules in place since 2014 getting a mortgage perhaps seems to be a more complex process than ever.
Lenders are focused on establishing that a mortgage will be affordable for the borrower, not only now but...
Lenders have always had differing distribution strategies, from relying entirely on mortgage brokers, to having different pricing for branches and brokers, to not accepting introduced business at all.
For many years HSBC has been...
The hot topic of the moment is once again when will Base Rate start to rise. That was stoked up initially by the comments by The Governor of the Bank of England that the need to consider an increase would come into “sharper...
Compared to the Stamp Duty overhaul last time round, the July budget was less dramatic for the housing market but still had a couple of notable changes.
Inheritance Tax
A new “family home allowance” is being introduced,...
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