Nick Clegg’s Liberal Democrats have launched their new housing policy which will help first-time buyers to get onto the property ladder. It will be aimed at first-time buyers, who can usually afford monthly mortgage payments, but not the deposit required Read more…
First-time buyers up to the age of 40 years can now register to purchase a house with a 20 per cent discount. This is part of Prime Minister David Cameron’s Starter Home initiative, aimed at providing 100,000 new houses to Read more…
Falling interest rates on mortgages are not only good news for people seeking to purchase a home. There are products out there for older, retired people that are benefitting from the low Bank of England interest rate. The elderly of Read more…
It appears that stepped mortgages are starting to make a comeback, with lenders who are currently offering them being joined by banking giant Barclays. Stepped mortgages are mortgages which offer you a ‘tiered’ interest rate, which will increase during the Read more…
Not since 2006 has the UK seen fewer houses repossessed, or in mortgage arrears, than there were last year. People have been protected from becoming embroiled in financial difficulties, thanks to fixed-rate mortgage costs decreasing significantly. Last year saw approximately Read more…
Competition on mortgage rates between banks has resulted in reduced costs, with a typical home loan now costing approximately £1,700 less than it did four weeks ago, due to a number of recent deals and the Bank of England base Read more…
350 landlords have lost a court battle against West Bromwich Building Society, after they tried to appeal against the decision to increase tracker mortgage rates for customers with a buy to let mortgage. Led by Mark Alexander, a property investor, Read more…
2014 saw mortgage lending reach new highs as a few first time buyers muscled their way back into the market, figures show. However, the number of new buyers making it onto the property ladder is still far below that of Read more…
A ten year fixed rate buy to let mortgage went on sale this week, highlighting the competition between lenders to try and offer the most enticing deals possible. Ten year fixed rate mortgages were fairly unheard of until recently, when Read more…
Barclays have made mortgaging history, chopping the interest rates of a ten year fixed rate mortgage to below 3 percent. This is a result of banks trying to fish the market of people desperate to lock into low fixed rate Read more…