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 harder for first...
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 also in the...
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 in the latter...
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, to...
At a time when borrowers are enjoying record low interest rates, but savers are struggling to make their money work for them, offset mortgages can really come into their own. This type of scheme allows homeowners to link their savings or current...
Fixed rate mortgages have been the most popular type of mortgage by far, which is not likely to come as a surprise given the ultra low rates on offer. With Bank of England Base Rate at rock bottom borrowers like the certainty that fixed...
LAND REGISTRY DATA: JULY 2015 (released 28 August 2015)
Friday, September 11, 2015
According to the July 2015 Land Registry data, there was a monthly increase in average house prices across England and Wales of 1.7 per cent. The East region experienced the greatest monthly price rise at 2.8 per cent, followed by London at 2.5...
