News

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

February 21st, 2013

As part of new plans to be unveiled during the Liberal Democrats spring party conference, Vince Cable was questioned this week on the news that the party are considering championing a super tax on second property holders. ... Read More

February 12th, 2013

It has been revealed today that the Treasury is in initial talks with mortgage lenders and banking trade groups to try and implement an acceptable process for wide-spread lending at 95 per cent loan to value. The formation... Read More