March 1st, 2016
The Bank of England have confirmed that mortgage approvals in January rose by a considerable margin, with purchase activity the driving force for the uplift. During the month, 74,581 new purchase loans were approved, an in... Read More
February 19th, 2016
Two contractor-friendly lenders have introduced new lending policy allowing contractors to secure a mortgage regardless of breaks between contracts.
Furness Building Society and Kensington Mortgage Company have open... Read More
February 16th, 2016
Increasing rental costs now mean that the average first time buyer in England will have already spent more than £50,000 on rent by the time they come to buy, research by the Association of Residential Lettings Agents has ... Read More
February 12th, 2016
Less than 1 in 1,000 mortgages ended in repossession in 2015, according to the latest research from the Council of Mortgage Lenders (CML).
Mortgage arrears dropped to the lowest level in over a decade, kept do... Read More
February 10th, 2016
After Mark Carney, the governor of the Bank of England explicitly stated that there are no expectations of an imminent increase to UK interest rates, an assessment of the market shows that rates are at the lowest level see... Read More
February 4th, 2016
The Bank of England has today voted in favour of maintaining its present historic low of 0.5% for the bank’s Base Rate of interest.
It now means that one more month of stability will see the UK pass the seven year... Read More
February 3rd, 2016
The government scheme “Help to Buy London” has come into force aimed at offering aspiring homebuyers in London a helping hand onto the property ladder. The scheme offers homebuyers interest-free loans of up to £240,00... Read More
January 28th, 2016
The Financial Conduct Authority has presented a clear warning to any borrower, looking to take a self- certification mortgage for a property. In lieu of the news last week, that a new self-certification lender, selfcert.co... Read More
January 26th, 2016
Mortgage lending throughout 2015 hit figures not seen for seven years, according to figures released by the Council of Mortgage Lenders.
The CML estimates that gross mortgage lending reached £19.9 billion in Decemb... Read More
January 20th, 2016
The governor of the Bank of England, Mark Carney, presented a bleak review of the UK’s economic growth, as he confirmed that an increase to interest rates is not likely to occur in the near future. While giving a speech ... Read More
