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...."Affordability problems mean that parents and other family members have a critical role in assisting their children to buy their first home, either by means of a gift of money or a soft loan," said the report author, Dr Paul Sanderson from Anglia Ruskin University. The issue has already been highlighted by the insurance company Legal and General, which said that a quarter of all mortgages in the UK last year were part-funded by parents. ... [Read full article on BBC ]
Sunday 26th of March 2017 11:08:30 PM
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.... Consumer credit – the single largest slice of UK banks’ balance sheets – has been growing rapidly, by more than 10% year-on-year, initially driven by car finance, the Bank warned. Last year banks had £19bn of impairments on credit cards, compared with £12bn on mortgage loans. ... [Read full article on Guardian ]
Monday 27th of March 2017 09:26:41 AM
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....Jenny Moraes, London. I live in London, have a mortgage and a personal loan for home improvement. ... [Read full article on BBC ]
Sunday 26th of March 2017 12:34:24 AM
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. The number of homeowners taking out mortgages in February fell to the lowest figure since November, according to UK banks. ... [Read full article on BBC ]
Friday 24th of March 2017 02:04:09 PM
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....Britain has been here before, many times. The current cycle began halfway through the last parliament, when the government provided incentives to lend and encouraged mortgage demand on the grounds that debt-driven growth was better than no growth. ... [Read full article on Guardian ]
Monday 27th of March 2017 02:29:00 PM
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....2% to 68,315 last month from 69,114 in January, the latest snapshot of lending from the central bank showed. This was lower than expected and the first fall since August, supporting other reports of a slowdown in the mortgage market. ... [Read full article on Guardian ]
Wednesday 29th of March 2017 12:07:32 PM
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. We thought the “commission hungry salesman” had been consigned to the museum of financial horrors, next to the exhibits on Equitable Life and endowment mortgages. ... [Read full article on Guardian ]
Saturday 25th of March 2017 07:00:03 AM
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.... There are a host to choose from, but there is no protection if it all goes wrong and the lender defaults – although the rates are very attractive. LandlordInvest, which lets people invest in residential buy-to-let mortgages and bridging loans, is holding out the prospect of returns of up to 12%. ... [Read full article on Guardian ]
Saturday 25th of March 2017 07:00:03 AM
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Latest Finance News related to Mortgage

Mortgage approvals fall as UK consumers rely on credit to keep spending image
Source : Guardian [Read Article] Wednesday 29th of March 2017 12:07:32 PM
....2% to 68,315 last month from 69,114 in January, the latest snapshot of lending from the central bank showed. This was lower than expected and the first fall since August, supporting other reports of a slowdown in the mortgage market. ...
Measures to ensure your plans are as safe as houses image
Source : Daily Express [Read Article] Wednesday 29th of March 2017 08:50:00 AM
.... . An equity release plan is secured on your home like a traditional mortgage, which means there is no debt obligation on your loved ones. ...
UK's borrowing binge is worrying the Bank of England image
Source : Guardian [Read Article] Monday 27th of March 2017 02:29:00 PM
....Britain has been here before, many times. The current cycle began halfway through the last parliament, when the government provided incentives to lend and encouraged mortgage demand on the grounds that debt-driven growth was better than no growth. ...
UK banks asked to draw up plans to show they are prepared for Brexit image
Source : Guardian [Read Article] Monday 27th of March 2017 09:26:41 AM
.... Consumer credit – the single largest slice of UK banks’ balance sheets – has been growing rapidly, by more than 10% year-on-year, initially driven by car finance, the Bank warned. Last year banks had £19bn of impairments on credit cards, compared with £12bn on mortgage loans. ...
Record numbers rely on parental cash to buy a property image
Source : BBC [Read Article] Sunday 26th of March 2017 11:08:30 PM
...."Affordability problems mean that parents and other family members have a critical role in assisting their children to buy their first home, either by means of a gift of money or a soft loan," said the report author, Dr Paul Sanderson from Anglia Ruskin University. The issue has already been highlighted by the insurance company Legal and General, which said that a quarter of all mortgages in the UK last year were part-funded by parents. ...
'Backward on pay' image
Source : BBC [Read Article] Sunday 26th of March 2017 12:34:24 AM
....Jenny Moraes, London. I live in London, have a mortgage and a personal loan for home improvement. ...
The death of the mortgage salesman is unfortunately premature image
Source : Guardian [Read Article] Saturday 25th of March 2017 07:00:03 AM
. We thought the “commission hungry salesman” had been consigned to the museum of financial horrors, next to the exhibits on Equitable Life and endowment mortgages. ...
Is an Isa the best home for your nest egg? image
Source : Guardian [Read Article] Saturday 25th of March 2017 07:00:03 AM
.... There are a host to choose from, but there is no protection if it all goes wrong and the lender defaults – although the rates are very attractive. LandlordInvest, which lets people invest in residential buy-to-let mortgages and bridging loans, is holding out the prospect of returns of up to 12%. ...
Mortgage approvals by banks falls to lowest for three months image
Source : BBC [Read Article] Friday 24th of March 2017 02:04:09 PM
. The number of homeowners taking out mortgages in February fell to the lowest figure since November, according to UK banks. ...
Do I need to fill out a tax return if I buy to let without a mortgage? image
Source : Guardian [Read Article] Thursday 23rd of March 2017 07:00:05 AM
....Q I have a query regarding home-owning and was hoping you could help. I have rented for my whole life and have never taken out a mortgage or owned a home. ...
Libor expert witness texted for help image
Source : BBC [Read Article] Wednesday 22nd of March 2017 09:37:35 PM
.... . Libor has been used to determine the cost of thousands of commercial mortgages and, notably in the United States, residential mortgages. ...
New Nationwide deal for parents to raise cash from their home to help their children image
....It said the deals could be used by home-owners helping their children to take their first steps on the property ladder, or relatives looking to assist older parents to move for example. Both existing Nationwide mortgage members and those re-mortgaging to the Society from another lender can apply for the Family Deposit Mortgage to raise extra capital for a family member. ...
The last call for savers to cash in on tax relief image
Source : Daily Express [Read Article] Wednesday 22nd of March 2017 12:01:00 AM
.... . Ed Monk, associate director for personal investing at Fidelity International, said that although most cannot afford to pay in such large sums, some do find extra money becomes available as they get older: “Earnings may be higher, mortgage costs lower, children have become financially independent or you may get a windfall from an inheritance. ...
Eight tax changes savers should watch out for from April 2017 image
Source : Daily Express [Read Article] Tuesday 21st of March 2017 01:47:00 PM
....       Tax hikes for landlords. Mr Cox said: “Under current rules anyone who has taken out a loan such as mortgage to purchase a buy-to-let property can deduct all of the interest paid on the loan from rental income in order to reduce their income tax liability. ...
Reality Check image
Source : BBC [Read Article] Tuesday 21st of March 2017 12:18:54 AM
....The ONS uses the amount that you would have to pay to rent a property as a proxy for owner-occupier housing costs. The argument is that if mortgage costs go up or house insurance goes up, rent will also go up. ...
Five-minute guide to…The resurgence of first-time buyers image
Source : Daily Express [Read Article] Sunday 19th of March 2017 12:01:00 AM
. They have been helped by record low mortgage rates, while competition from buy-to-let landlords has dipped following the Government’s tax onslaught. ...
Aberdeen wrestles with hard choices as independence looms again image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
.... There are several empty shops and at least eight bookies up and down the length of Union Street, though locals are split on whether that’s down to the oil crash or a reflection of wider retail changes seen elsewhere, too. Property prices are down, and there are stories of laid-off oil workers who can no longer afford big mortgages, but equally don’t want to sell in a falling market. ...
REVEALED: The trick to pay LESS for your mortgage each month image
Source : Daily Express [Read Article] Saturday 18th of March 2017 09:01:00 AM
....72 a month by opting for a 75 per cent LTV over the 70 per cent deals. The same can be seen when comparing the average rates of 60 per cent LTV and 65 per cent LTV mortgages. ...
Are these cashback deals  a carrot… or a costly stick? image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:00:32 AM
. With rates on many new mortgages at record lows, lots of lenders are offering cashback to make them stand out from the crowd. ...
Seven ways to teach your kids about money image
Source : Guardian [Read Article] Saturday 18th of March 2017 06:30:31 AM
.... Rather than just saying “We can’t afford it”, explain why. Talk to your children about all the different things that have to be paid for, including tax and national insurance, along with mortgage/rent, council tax, utility bills, insurance, phone and broadband and the weekly shop. ...
Any old Joe image
Source : BBC [Read Article] Friday 17th of March 2017 10:00:40 PM
....Last summer the Competition and Markets Authority (CMA) heralded the era of so-called open banking. This will allow third-party providers - with our consent - to access our banking details, and recommend where we should go for the cheapest loan, the best mortgage or the highest savings rates. ...
MORTGAGE RATE WAR: New 0.99 per cent deal gives boost to home buyers as market shakes up image
....It is the first time the provider has offered a rate below one per cent and is currently the only such deal on the market. However, the mortgage comes with a relatively high fee of £1,495, highlighting the importance for borrowers to calculate overall cost of a loan including repayment costs and added fees. ...
Homes cost more than seven times income image
Source : BBC [Read Article] Friday 17th of March 2017 10:06:40 AM
....The official figures will make gloomy reading for potential first-time buyers whose wages have stagnated and who now see property ownership become comparatively more expensive. However, borrowing costs are at historic lows with banks and building societies cutting interest rates on mortgages to attract customers. ...
Jones Bootmaker is on the brink – but it's not all gloom on the high street image
....8% and will soon overtake earnings growth. Most people will keep their jobs and they will still be able to afford their mortgages because the lack of any wage pressure means the Bank of England will keep interest rates ultra-low. ...
US Federal Reserve raises interest rates to 1% in bid to hold off inflation image
....” There is a ceiling on those effects, though, and Faucher doesn’t think they will affect home loans. “There isn’t much bleed over into mortgage rates; it’s mostly the short-term borrowers,” he said. ...
Interest-only mortgage deals: Bank to help 100,000s borrowers with new change image
Source : Daily Express [Read Article] Wednesday 15th of March 2017 02:15:00 PM
. The little known lender hopes the new loan could shake up the mainstream mortgage market, which imposes arbitrary age caps as part of lending criteria- regardless of income stream. ...
UK unemployment is as low as 1975 – but why aren't wages rising? image
Source : Guardian [Read Article] Wednesday 15th of March 2017 11:18:08 AM
....8% and will soon overtake earnings growth. Most people will keep their jobs and they will still be able to afford their mortgages because the lack of any wage pressure means the Bank of England will keep interest rates ultra low. ...
Q&A: What will happen if the Federal Reserve raises US interest rates? image
Source : Guardian [Read Article] Tuesday 14th of March 2017 07:08:31 PM
....Setting aside concerns about Brexit and a string of potentially destabilising elections on the continent, Fed policymakers have judged that the strength of the economy is enough to override a series of rate rises, possibly taking the base rate to almost 2% by the end of next year. Consumers have embraced the Trump rhetoric of tax cuts and deregulation to continue spending, undeterred by the prospect of higher mortgage costs. ...
Pension tax warning: Savers in 'last chance' to use extra relief allowance before April 5 image
....Savers are being urged to take advantage of carry forward rules to contribute to pensions before the current tax year ends. Ed Monk, associate director for personal investing at Fidelity International, said: "Of course you’ll need the money to do this in the first place, but the years before retirement are often exactly when such large sums are available, thanks to typically higher earnings, lower costs once the mortgage has been paid, children have become financially independent and possible windfalls from inheritance. ...
HSBC appoints AIA boss Mark Tucker as new chairman image
Source : BBC [Read Article] Sunday 12th of March 2017 11:19:23 PM
....HSBC has also been attempting to repair its image after a series of scandals. Earlier this year it reached a $470m (£325m) settlement with the US government and states related to dubious mortgage lending and foreclosure practices during the financial crisis. ...
Democrats question Trump 'conflict of interest' with Deutsche Bank investigation image
....According to an analysis by Bloomberg, Trump now owes Deutsche about $300m. He has four large mortgages, all issued by Deutsche’s private bank. ...
Greek activists target sales of homes seized over bad debts image
Source : Guardian [Read Article] Saturday 11th of March 2017 08:00:29 AM
....“Poor people can’t afford lawyers, rich people can,” says Ilias Papadopoulos, a 33-year-old tax accountant who feels so strongly that he has been turning up at the court to orchestrate the protests with his eye surgeon brother, Leonidas, for the past three years. “We are here to protect the little man who has been hit by unemployment, hit by poverty and cannot keep up with mortgage payments. ...
Nick Candy paid Katy Perry £1.2m to sing at his wedding, court told image
Source : Guardian [Read Article] Friday 10th of March 2017 05:00:20 PM
....In an email sent in March 2012, when the brothers were already worrying about repayment, Candy proposed a series of steps to put pressure on Holyoake. These included buying out the mortgage on his Ibiza home and hiring private investigators to “track his cash”. ...
Landlord tax: How to beat new buy-to-let charges coming in NEXT month  image
Source : Daily Express [Read Article] Friday 10th of March 2017 04:44:00 PM
. Buy-to-let returns are set to be eroded as mortgage interest tax relief is reduced to the basic rate of income tax over the next four years. ...
Forget Brexit: housing is the key issue for Labour | Phil McDuff image
Source : Guardian [Read Article] Friday 10th of March 2017 12:04:31 PM
.... You get to realise the free money from the propertied middle and upper classes, keep business interests happy by putting a lid on wage growth, and still keep those on lower incomes in houses, albeit houses that get increasingly smaller and shoddier. Those property owners can “free up the value in their home” by taking out mortgages and other secured loans, and this debt can fuel consumer spending. ...
Trump faces formidable institutional obstacles – so what can he do? | Barry Eichengreen image
.... But one person’s loophole is another’s entitlement. Even if there are economic arguments for eliminating, say, the deductibility of mortgage interest payments, imagine the howls of protest from homeowners, including many Trump voters, who borrowed to purchase their houses. ...
The shameless Tories have betrayed the self-employed – and themselves | John Harris image
.... However trifling the increase may look, the worst, most clunky thing you can do to these people is to imply that they are freeloaders and load them with more tax. They need help with parental leave, new insurance models that will cover them as and when they fall sick, a more optimistic understanding of their retirement than is provided by wafer-thin private pensions, and a breakthrough on the widespread problem of self-employed people finding it chronically difficult to access mortgages. ...
Co-op Bank warns of more branch closures as it reports £477m loss image
Source : Guardian [Read Article] Thursday 9th of March 2017 11:25:19 AM
....The losses this year were, in part, caused by the continued restructuring sparked by the deal with Britannia in 2009. There was another £36m provision for payment protection insurance mis-selling, an £82m hit for a mortgage outsourcing deal with Capita and a knock caused by the cut in interest rates by the Bank of England following the vote for Brexit. ...
‘Our ability to save is non-existent’ – people respond to UK budget image
....“At the moment, our ability to save is non-existent. Don’t get me wrong, we live well, we own our own home and we go on holiday at least once a year – but we have a large mortgage and our son, Henry, is three so we also have childcare bills to pay. ...
Foxtons sees property sales plunge as Brexit vote hits image
Source : BBC [Read Article] Wednesday 8th of March 2017 08:06:35 AM
...."Last year's London property market was severely impacted by an unprecedented sequence of events with changes to stamp duty and the EU referendum vote leading to a substantial reduction in property sales transactions, especially in central London," said chief executive Nic Budden. Despite the drop in property sales, revenue from lettings was more resilient, slipping just 1%, while its mortgage broking business performed well. ...
Blood couriers launch case challenging self-employed status image
Source : Guardian [Read Article] Tuesday 7th of March 2017 05:19:22 PM
....“I have been working for them for over five years and I don’t see my life progressing like this. I can’t get a mortgage, I have no pay when I go on holiday and I can’t get sick because I won’t get paid. ...
House price growth slowest since 2013, says Halifax image
Source : BBC [Read Article] Tuesday 7th of March 2017 08:53:35 AM
....The annual rate of growth in UK house prices has slowed to its lowest pace in three and a half years, according to the Halifax. The UK's largest mortgage lender said prices increased by 5. ...
Goodbye Spring Budget image
Source : BBC [Read Article] Tuesday 7th of March 2017 12:11:17 AM
....However, it is possible for people to be given far too much warning of impending changes. Chancellor Nigel Lawson discovered that when his 1988 Budget announced the end of a valuable tax break for unmarried couples who were buying homes, known as multiple mortgage tax relief. ...
Standard Life's Aberdeen deal means job losses – but avoids US takeover image
....If there is a reason to believe the Gilbert & Skeoch show can defy the doubters, it may be fact that both companies have had near-death experiences in the past 15 years. Standard Life demutualised in 2006 to escape a mess in endowment mortgages. ...
Budget 2017: The misplaced confidence of the British consumer image
....Credit card debt is at a record. Overall, unsecured debt - which excludes mortgages but includes credit cards, car loans and, notably, personal loans - is rising faster than it has in a decade and amounts to 40% of the average income. ...
Deutsche Bank shares hit by cash call image
Source : BBC [Read Article] Sunday 5th of March 2017 04:57:28 PM
....2bn (£5. 9bn) payment to US authorities to settle an investigation into mortgage-backed securities. ...
Buy-to-let landlords face huge tax increase from new law image
Source : Daily Express [Read Article] Sunday 5th of March 2017 12:01:00 AM
....At midnight on April 5, the last day of the financial year, another new tax will blow up in landlords’ faces. Investors will no longer be able to claim higher rate tax relief on mortgage interest payments, in a move that could turn profits into losses. ...
Violent criminals get off lighter than people late with their water bill image
.... This is how Diana is now rated, even though she tells me she actually has savings rather than debts. Luckily she is a pensioner and won’t need to take out a mortgage again. ...
Seven things we already know will happen in the 2017 spring budget image
Source : Guardian [Read Article] Saturday 4th of March 2017 06:59:08 AM
....The benefit cap – the total amount you can claim – was reduced in November from £26,000 to £23,000 in London, with a cap of £13,400 for single adult households outside London without children. 6 Buy-to-let There are big and complex changes for people with buy-to-let mortgages in April, which for some will see their tax bill double or even triple. ...
Australian housing market crash could lead to broader downturn, OECD warns image
....In its first major review of the Australian economy since 2014, the OECD warned the housing market was showing “hints of a slowdown”, in what it identified as an “extreme vulnerability” for the economy. “A large drop-off in house prices could cut household consumption and increase mortgage defaults … The market may not ease gently but develop into a rout on prices and demand with significant macroeconomic implications,” they said. ...
Just one in five complaints about potential mis-sold PPI  made so far image
Source : Guardian [Read Article] Thursday 2nd of March 2017 05:36:47 PM
....The average PPI payout is £2,000, although some people received a lot more. The insurance was sold alongside loans, mortgages and other credit deals but in many cases, clauses in the policies meant customers were unable to make a claim, and many people were unaware that PPI had been added. ...
Home ownership in England at a 30-year low, official figures show image
Source : Guardian [Read Article] Thursday 2nd of March 2017 02:32:32 PM
.... This figure has now leapt to 46%. Over the same period, the percentage of those in this age group buying a home with a mortgage plummeted, from 53% to 35%. ...
Should I use a quick-property-sale company to speed up my move? image
Source : Guardian [Read Article] Thursday 2nd of March 2017 07:00:10 AM
.... Partly because I was distinctly unimpressed by the advert I saw for one last night and partly – and more importantly – because, according to the government’s impartial Money Advice Service, you would typically be looking at getting around 25% less than the market value of your home. This could be a real problem if that gives you less than you need to pay off what remains outstanding on your mortgage. ...
Bank of England makes obscure tweak to mortgage rules... now you can get a BIGGER mortgage image
....5 times their annual income could now jump in the following months, according to experts. The number of home buyers taking on the riskier loans could surge by 10 per cent, Ray Boulger, senior technical director at mortgage broker John Charcol estimates. ...
AMC, APR, ERC explained: The ridiculous financial acronyms that serve to confuse image
Source : Daily Express [Read Article] Wednesday 1st of March 2017 09:01:00 AM
....APR . The Annual Percentage Rate allows you to compare like with like on mortgages, credit cards and personal loans by showing the cost over the full term of the deal. ...
‘Buy for Uni’ mortgage turns students into landlords image
Source : Guardian [Read Article] Monday 27th of February 2017 09:28:35 AM
.... Unless, that is, they are homeowners already. Lenders are now looking at students as not just customers for university loans, but also for early mortgages – effectively turning them into landlords. ...
Housebuilder Persimmon's profits rise amid 'confident' market image
Source : BBC [Read Article] Monday 27th of February 2017 08:32:01 AM
....The number of visitors to its sites was up by about 7% compared with a year earlier. "The UK new build housing market remains confident with customer demand for new homes supported by compelling mortgage products," the company said. ...
Austerity anguish image
Source : BBC [Read Article] Sunday 26th of February 2017 01:54:38 AM
. In normal times, in a normal country, court proceedings over mortgage arrears would not be the stuff of headline news. ...
Oxford once again tops list of UK's least affordable places to live image
Source : Guardian [Read Article] Saturday 25th of February 2017 08:01:06 AM
....6 times average local incomes. Andy Mason, Lloyds Bank mortgage products director, said: “City living is becoming increasingly expensive. ...
Greece's prime minister defends deal with bailout creditors - as it happened image
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Related to :
Royal Bank of Scotland losses more than treble to £7bn image
Source : BBC [Read Article] Friday 24th of February 2017 07:32:39 AM
....9bn for fines and legal costs. The US Department of Justice is pursuing the bank over the sale of mortgage-backed securities prior to the 2008 financial crisis. ...
Barclays: triple the profits, but still a work in progress | Nils Pratley image
Source : Guardian [Read Article] Friday 24th of February 2017 07:09:13 AM
.... The refrains that bonuses still have to flow to stay “competitive” and that “I like the talent in that business” are wearingly familiar and weak. Staley’s other big call has been to refuse a settlement with the US Department of Justice over distributing mortgage junk between 2005 and 2007. ...
FTSE dragged down by ex-dividend firms image
Source : BBC [Read Article] Thursday 23rd of February 2017 12:36:49 PM
.... . Shareholders baulked at warnings from chairman John McFarlane that "significant challenges remain" as the bank fights US authorities over allegations surrounding its part in a mortgage bond mis-selling scandal. ...
Barclays full-year profits almost treble to £3.2bn image
Source : BBC [Read Article] Thursday 23rd of February 2017 12:02:21 PM
....4bn the previous year. However, Barclays still faces a lawsuit by the US Department of Justice for alleged mortgage securities fraud. ...
Deportation orders threaten Trump's own turf: the real estate market image
Source : Guardian [Read Article] Thursday 23rd of February 2017 12:00:02 PM
.... “One way that people afford houses is by pooling incomes. So if you were to deport one of the three mortgage payers, that can destabilize the whole rest of the household. ...
Barclays' profits almost triple but chairman says many challenges await image
Source : Guardian [Read Article] Thursday 23rd of February 2017 09:10:57 AM
.... A total of 364 Barclays staff were paid more than £1m last year, including 11 who received more than £5m. The bank, which has been scrambling to repair its reputation since the 2012 Libor rate-fixing scandal, is fighting the US Department of Justice over a decade-old mortgage bond misselling scandal. ...
Do we need a credit check to find out whether we can remortgage? image
Source : Guardian [Read Article] Thursday 23rd of February 2017 07:00:00 AM
. Q In 2013 we bought our house on a Scottish island for £229,500 on a 16-year mortgage. ...
London home movers drops to lowest level since 1991, mortgage figures show image
Source : Daily Express [Read Article] Wednesday 22nd of February 2017 04:38:00 PM
....Borrowers were typically 37 years old, showed data from the trade organisation. On the other hand, re-mortgage activity in London was up last year, as home owners took advantage of cheap mortgage rates. ...
Barratt to pay out more to shareholders despite London sales slump image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 12:35:18 PM
....Economists have warned that 2017 is likely to be a tough year for consumers, with households budgets squeezed by a combination of rising inflation and weak wage growth. However, Thomas said a shortage of homes in the UK and low mortgage rates were helping to underpin demand. ...
Lloyds reports biggest profits since financial crash image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 08:49:43 AM
....Last year the PPI charge was £1bn, down from £4bn a year ago. However, the bank set aside a further £1bn during the year for other compensation payouts, including a new £475m bill for mis-selling packaged bank accounts and to compensate mortgage customers whose arrears were miscalculated. ...
Move over granny: the ‘graddy annexe’ is on the rise image
Source : Guardian [Read Article] Tuesday 21st of February 2017 03:18:11 PM
.... They decided to have a timber lodge put into the garden of their Ilford home so 20-year-old daughter Sophie could move home after university and start saving up for a place of her own. “When I was moving out of home it was easier to save and get a mortgage,” says Kevin, “now you need around five years of savings behind you. ...
UK house price growth at slowest rate in four years image
Source : Guardian [Read Article] Monday 20th of February 2017 07:01:30 AM
....Brian Murphy, head of lending for the Mortgage Advice Bureau, said the report suggested buyers were sticking to their budgets with very little “wiggle room”. “It’s likely that this is due to stricter lending criteria, and suggests that buyers are getting their ducks in a row financially before they start their property search, in terms of applying for their mortgage, to understand how much they can spend,” he said. ...
One in four UK families have less than £95 in savings, report finds image
Source : Guardian [Read Article] Monday 20th of February 2017 07:01:30 AM
.... Home ownership rose among high-income families to 90% from 88%. Aviva said declining rates of home ownership could be a sign of difficulties getting a mortgage for first-time buyers or families not considered “prime” borrowers. ...
Savers need a balancing act to beat inflation image
Source : Guardian [Read Article] Monday 20th of February 2017 07:00:31 AM
....Foster from Brewin Dolphin points out that after the last period of intense gold speculation in the 1970s, it spent two decades going down. While recognised as one of the most rewarding investments of the past two decades, a surprise raid on mortgage tax breaks by former chancellor George Osborne in 2015 means that success looks to be at an end. ...
How to cut FIVE months off your mortgage repayments with one simple move image
Source : Daily Express [Read Article] Sunday 19th of February 2017 04:02:00 PM
. Falling rates on long-term mortgage products over the past year mean thousands of pounds in interest savings are up for grabs, according to Private Finance. ...
Tackle your debts while interest rates are at lowest image
Source : Daily Express [Read Article] Sunday 19th of February 2017 11:59:00 AM
.... . David Hollingworth, broker at L&C Mortgages, says older homeowners with interest-only mortgages need to review their debt: “If you have a capital repayment mortgage, check it is set up to clear the mortgage on your retirement date, or preferably earlier. ...
Co-op Bank is up for sale – is it time to leave? image
Source : Guardian [Read Article] Saturday 18th of February 2017 07:00:33 AM
.... Organisations it has lent to include chef Hugh Fearnley-Whittingstall’s River Cottage HQ, Brighton arts venue Komedia and the Big Issue Foundation Scotland. Ecology building society is dedicated to building a greener society - but it only offers savings and mortgage deals. ...

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