A shocking mortgage scam worth up to £5 million in south Wales has been uncovered, resulting in jail sentences for four people. Mark Cainen, 44, Paul John, 44, Emma Davey, 34 and Ben Pickering, 34, were all part of a Read more…
There have been claims made by brokers that lenders are rejecting mortgage applications for trivial reasons on the run up to the end of the year because they have already met their yearly targets. By rejecting mortgages now, the demand Read more…
The big news in the “housing market” recently is the shake-up George Osborne has brought about for tax on the sale of a property. “Stamp Duty Land Tax” (SDLT), a long vilified tax payout, has been changed in order to Read more…
More low, long term mortgage rates are available than ever, according to research by Moneyfacts, with decade long fixed rate mortgages on offer for below 3.5 per cent interest. On average, 10 year fixed rate mortgages are available for 4.33 Read more…
Gross mortgage lending in the UK reached £19 billion in October, according to figures released by the Council of Mortgage Lenders (CML). This is 5 per cent higher than in September, and up by 8 per cent on October last Read more…
The financial gap between the rich and the poor has been highlighted in a report regarding mortgages. First time buyers could be paying a record £2,800 per year extra as a result of only being able to put down a Read more…
House building firm Bovis are predicting a rise in profits next year, despite claims that the mortgage market will be more subdued than previously thought. They expect they will build 30 per cent more homes during this year overall, putting Read more…
The housing market ran out of steam towards the end of the summer, as high street banks approved the lowest number of mortgages in over a year. The number of mortgages approved fell to 39,271 in September, which is the Read more…
The boss of the Royal Bank of Scotland (RBS), Ross McEwan, has spoken about the banking industry and the effect that an interest rate rise could have on customers. McEwan has said that a lot of bank customers are worried Read more…
Housing market activity has dropped over the last year, according to reports. There was a decrease of 12 percent in market activity over the last 12 months to September, despite an increase in valuations. September was a good month for Read more…