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. Homebuyers could take out bigger mortgages if the energy ratings of properties were factored into the lending criteria of banks and building societies, government-funded research has found. ... [Read full article on Guardian ]
Tuesday 18th of July 2017 05:01:11 AM
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....According to an analysis by Bloomberg, Trump now owes Deutsche, his biggest creditor, about $300m. He has four large mortgages, all issued by Deutsche’s private bank. ... [Read full article on Guardian ]
Wednesday 19th of July 2017 11:26:20 PM
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....James Allen, head of alternative investments at financial services firm Walker Crips, said: “It is clear that prime London may as well be a different country. ” He added that buyers in Kensington and Chelsea would need a deposit of £450,000, based on a mortgage at 70% loan to value. ... [Read full article on Guardian ]
Tuesday 18th of July 2017 01:05:46 PM
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. Omar Nasser came close to losing his home when his interest-only mortgage expired earlier this year and his application for a new loan was turned down because he failed a credit check. ... [Read full article on Guardian ]
Monday 17th of July 2017 06:00:43 AM
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.... Safety and complaints procedures have been lamentable, helplines unresponsive, emergency helplines not always working. Some of the estate’s right-to-buy owners – theoretically the big winners in Margaret Thatcher’s great vision for social housing – have spent years trying to rearrange their mortgages for flats in the new development. ... [Read full article on Guardian ]
Friday 21st of July 2017 05:00:09 AM
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. One of the more quirky aspects of economic debate in this country is how much attention is focused on interest rates given around two-thirds of the population don’t pay mortgages. ... [Read full article on Guardian ]
Tuesday 18th of July 2017 12:42:11 AM
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. Q The current fixed-rate deal on my interest-only mortgage of £47,000 will finish at the end of next March, and the entire mortgage term is due to end in July 2023. ... [Read full article on Guardian ]
Thursday 20th of July 2017 06:00:13 AM
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Latest Finance News related to Mortgage

The real cost of regeneration image
Source : Guardian [Read Article] Friday 21st of July 2017 05:00:09 AM
.... Safety and complaints procedures have been lamentable, helplines unresponsive, emergency helplines not always working. Some of the estate’s right-to-buy owners – theoretically the big winners in Margaret Thatcher’s great vision for social housing – have spent years trying to rearrange their mortgages for flats in the new development. ...
Should I cash in my endowment early to pay off my mortgage? image
Source : Guardian [Read Article] Thursday 20th of July 2017 06:00:13 AM
. Q The current fixed-rate deal on my interest-only mortgage of £47,000 will finish at the end of next March, and the entire mortgage term is due to end in July 2023. ...
Deutsche Bank expects subpoenas over Trump-Russia investigation image
Source : Guardian [Read Article] Wednesday 19th of July 2017 11:26:20 PM
....According to an analysis by Bloomberg, Trump now owes Deutsche, his biggest creditor, about $300m. He has four large mortgages, all issued by Deutsche’s private bank. ...
UK house prices rise nearly 5% despite political turmoil image
Source : Guardian [Read Article] Tuesday 18th of July 2017 01:05:46 PM
....James Allen, head of alternative investments at financial services firm Walker Crips, said: “It is clear that prime London may as well be a different country. ” He added that buyers in Kensington and Chelsea would need a deposit of £450,000, based on a mortgage at 70% loan to value. ...
Let buyers borrow more on greener homes, urges report image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:01:11 AM
. Homebuyers could take out bigger mortgages if the energy ratings of properties were factored into the lending criteria of banks and building societies, government-funded research has found. ...
If home ownership continues to shrink, the retirement system is in trouble | Greg Jericho image
. One of the more quirky aspects of economic debate in this country is how much attention is focused on interest rates given around two-thirds of the population don’t pay mortgages. ...
How credit score agencies have the power to make or break lives image
Source : Guardian [Read Article] Monday 17th of July 2017 06:00:43 AM
. Omar Nasser came close to losing his home when his interest-only mortgage expired earlier this year and his application for a new loan was turned down because he failed a credit check. ...
Gig economy: Financial advice for the self-employed  image
Source : Daily Express [Read Article] Sunday 16th of July 2017 12:01:00 AM
....Many simply do not have enough regular income to start saving into a pension. Others can struggle to get a mortgage to buy a property as lenders see their income as insecure. ...
British Airways cabin crew strikers prepared for long haul image
Source : Guardian [Read Article] Saturday 15th of July 2017 03:00:09 PM
.... “They said my payslips don’t show the figures BA tells people we earn. ” Allowances, incentives and bonuses over basic pay count for little when applying for a mortgage, crew say. ...
Top 1% of households in UK fully recovered from financial crisis image
Source : Guardian [Read Article] Friday 14th of July 2017 11:01:36 PM
....Britain has had ultra-low interest rates since 2009, but the report said the benefits had gone to those who owned property, not renters. Incomes of those with a mortgage grew by an above-average 1. ...
Rise in credit card default rate adds to concerns over household finances image
....The survey also revealed that banks were planning to reduce credit availability this summer as lenders adopt a more cautious approach about approving new loans, reflecting caution over Britain’s economic prospects. Lenders reported they would offer less “secured credit”, such as mortgages, over the next quarter. ...
Is paying off the mortgage a better bet than saving? image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:00:00 AM
....Q We are a family with some savings – around £70,000 – but are worried they might be worth less once Brexit is decided: ie, the pound will go downhill. So if we want to put the savings into something, is it best to pay off a big lump sum on a mortgage of £135,000 with 12 years to run, or use the money to buy another property to let out? Or do both? The mortgage on our home is a two-year interest-only deal that expires in June. ...
The rehabilitation of RBS is painful, costly – and nowhere near over | Nils Pratley image
....There goes £4. 2bn from our (mostly) state-owned bank, Royal Bank of Scotland, to cover the first of two big settlements with US authorities for mis-selling toxic mortgage bonds in the bad old days. ...
RBS to pay $5.5bn penalty over US loan misselling scandal image
Source : Guardian [Read Article] Wednesday 12th of July 2017 12:55:36 PM
....5bn (£4. 2bn) to US regulators for misselling toxic mortgage bonds in a “stark reminder” of its behaviour in the run-up to the financial crisis. ...
Black cab turns green as all-new electric London taxi launches image
Source : Guardian [Read Article] Tuesday 11th of July 2017 11:50:20 AM
.... These are about £43,000,” he said of the TX4 he was driving. “It’s bigger than a mortgage. ...
Mortgage rates: Home buyers urged to switch to record low loans 'before it's too late' image
.... In recent weeks policymakers have warned that families should start to prepare for an increase in rates. Households could save hundreds of pounds by switching their mortgage from a Standard Variable Rate (SVR) to one of the more competitive mortgages on the market. ...
Bank of England warns it will go after firms looking to mask risks image
Source : Guardian [Read Article] Monday 10th of July 2017 04:03:22 PM
....The Bank of England has issued a warning to major lenders not to repeat their antics of the years before the 2007 credit crisis when they deployed complex strategies to mask the financial risks they were running. Sam Woods, one of the Bank’s deputy governors, also said some lenders were starting to take more risks and set out a number of products facing scrutiny from regulators, including an increase in mortgage terms from 25 to 35 years. ...
Switching your current account – Five minute guide with all you need to know image
....Barclays Blue Rewards pays £3. 50 a month for each of your first two direct debit payments, minus its monthly £3 fee, with further rewards for home insurance and mortgage customers. ...
House price pick-up allays fears of property market crash image
Source : Daily Express [Read Article] Sunday 9th of July 2017 03:37:00 PM
Detroit is 'booming' again. You have to be rich and powerful to notice, though | Bankole Thompson image
.... Multimillion dollar investments are being pumped into downtown and Midtown, creating a sort of Mecca in the American midwest. The unquestionable driver behind most of the investments is billionaire investor Dan Gilbert, the founder and chairman of the mortgage giant, Quicken Loans, who is majority owner of the basketball team, the Cleveland Cavaliers. ...
Will cheap car loans steer Britain to a financial crash? image
Source : Guardian [Read Article] Saturday 8th of July 2017 06:00:00 AM
....A prudent regulator will always want to dampen down excesses. It’s probably time for the Financial Conduct Authority to introduce mortgage affordability-style rules on car finance, maybe applying income-multiple limits to purchases. ...
The ‘sub-prime’ market is back in business image
Source : Guardian [Read Article] Saturday 8th of July 2017 06:00:00 AM
. The “sub-prime” mortgage sector shut down following the financial crisis in 2007-08, but brokers say more and more lenders are returning to the market – with some willing to lend to people who were bankrupt as little as a year or so ago. ...
Homebuyers desperate to know who really owns their freehold image
Source : Guardian [Read Article] Saturday 8th of July 2017 06:00:00 AM
....Take Joanne Darbyshire, 46, and her husband Mark, 47. They bought a five-bedroom house in Bolton from Taylor Wimpey in 2010, and are among thousands of unfortunate leaseholders put on “doubling” ground rent contracts that in extreme cases have left their properties almost worthless, with mortgage lenders refusing loans to future buyers. ...
UK house price fall takes annual growth rate to slowest in four years image
....UK house prices fell unexpectedly in June, dragging the annual rate of growth to the lowest level in four years in the latest sign that consumers are shying away from major spending commitments. The average cost of a home fell by 1% over the month to £218,390 according to Halifax, one of the UK’s biggest mortgage lenders. ...
HOUSE CRISIS WARNING: Higher interest rates could hit London prices, says top estate agent image
. Higher mortgage costs combined with tighter lending conditions are set to knock the the property market in the capital, according to Savills. ...
Hold the Shard-enfreude – a house price drop is not about to happen | Patrick Collinson image
.... When house prices doubled from three or four times local incomes to six-to-10 times, it could be blamed on looser lending and lower interest rates. But interest rates can no longer go lower, and mortgage lending has become much tighter. ...
Worldpay shareholders should decline its meek merger deal | Nils Pratley image
....6bn has been spent already gets weaker by the month. The lending banks are well capitalised these days and the mortgage market is functioning normally. ...
What impact is Brexit having on foreign property prices? image
Source : Daily Express [Read Article] Wednesday 5th of July 2017 04:49:00 PM
....While foreign property prices will always be affected by fluctuations in the currency market Brexit is likely to have other impacts on property prices, whether you are looking to buy or sell. Buyers looking to purchase a property in Europe may have trouble getting a mortgage from European banks in the event of a turbulent split with the EU, with lenders possibly giving Britons less favourable rates once outside union. ...
Equity release rates fall: Homeowners paying off interest-only mortgages could save image
. Lifetime mortgages crates have fallen dramatically over the past year, with the average rate now at 5. ...
Savers left in the red after a decade of low interest rates image
Source : Guardian [Read Article] Wednesday 5th of July 2017 06:34:13 AM
....An even better rate of return has gone to those who have borrowed money and have relatively little interest to pay. About 7m households have a mortgage and for them the average interest bill has declined from 5. ...
How much?? image
Source : BBC [Read Article] Tuesday 4th of July 2017 10:26:38 PM
We have fixed issues that caused financial crisis, says Mark Carney image
. Fundamental reforms undertaken since the US sub-prime mortgage market triggered the deepest global recession since the second world war have created a safer, simpler and fairer financial system, Mark Carney has said. ...
Mortgage-seekers ignoring extra fees, says Moneyfacts image
Source : BBC [Read Article] Monday 3rd of July 2017 12:33:38 PM
. Homeowners are making a "costly mistake" by turning a blind eye to additional fees when they remortgage, it has been claimed. ...
One in seven UK private tenants pays more than half income in rent – study image
. One in seven tenants privately renting from a landlord is paying more than half of their income in rent, compared with just 2% of homeowners who pay more than half their income on their mortgage, according to new research. ...
MPs and charities urge car leasers to publish sub-prime loan figures image
....Last week the Bank of England said it was concerned about rising consumer debt, warning that this posed a risk to the stability of the banking sector. In its financial stability report, the central bank, which is the main regulator for the financial services industry, said that over the past 10 years the banking sector’s total write-offs on consumer credit were 10 times higher than on mortgages, and that figure was likely to increase should the UK suffer an economic downturn. ...
Can the Bank get Britain to kick its cheap credit habit? image
Source : Guardian [Read Article] Saturday 1st of July 2017 03:00:02 PM
....It slapped a demand for more than £11bn of extra reserves on the major lenders – just in case the current economic slowdown should trigger a rise in defaults. Governor Mark Carney also warned the lending industry that it should expect tougher rules on how it sells mortgages, car loans and credit cards should the current rise in borrowing rocket any further. ...
Trouble in the Dales as holiday homes become the new buy-to-let image
Source : Guardian [Read Article] Saturday 1st of July 2017 06:00:06 AM
....The tax treatment of furnished holiday lets is startlingly generous. If you buy a property and let it out for holiday use, you can still set your full mortgage interest repayments against tax, unlike under the rules that have hit buy-to-let. ...
UK workers 'frustrated by flatlining pay', says key economist image
Source : BBC [Read Article] Thursday 29th of June 2017 09:10:00 PM
....". He added that for people planning getting long-term loans such as mortgages, any future rate rises would be "gradual and to a limited extent". ...
BoE economist wants to hear about hardship in the UK - first stop Wales image
Source : Guardian [Read Article] Thursday 29th of June 2017 06:26:47 PM
.... On Wednesday, when Haldane was in Wales, Carney also acknowledged that continued growth would eventually lead to higher rates. Back in Wales, some of those who turned out to speak to the Bank’s top economist expressed their worries about rising mortgage rates. ...
UK financial watchdog investigates car loans market image
Source : Guardian [Read Article] Thursday 29th of June 2017 01:33:08 PM
.... Within that, car finance is growing fastest at 15% a year, while credit card lending is rising at 9% and personal lending at 7%. Bailey said his “hunch” was the market had undergone a structural change and was behaving more like a market for secured lending – such as mortgages – rather than an unsecured market such as credit cards or personal loans. ...
My credit score is at risk after landlord failed to register correct address image
....Most credit card company websites don’t even know my address exists, and if they do it’s impossible for them to match my identity with my council tax account and billing addresses – and hence prove my creditworthiness. I can’t get even a basic credit card and am terrified of what might happen if I ever apply for a mortgage. ...
Bank of England: Wales facing cost of living 'squeeze' image
Source : BBC [Read Article] Thursday 29th of June 2017 08:53:51 AM
....The visit was organised by Citizens Cymru Wales. Issues raised included affordable housing, the living wage, mortgages, poverty and transport. ...
Should we use the London help-to-buy scheme to purchase a home? image
Source : Guardian [Read Article] Thursday 29th of June 2017 06:00:15 AM
.... I’m familiar with the pros and cons of the scheme, and I’m aware that the government would own 40% of the property equity, which needs to be paid back at the end of the five-year term. My question is whether we are better off going for it and using the benefit of 40% of the property not being owned, and making the most of a lower rate mortgage on the remaining 60% but hammering the repayments. ...
House prices BOUNCE BACK amid election and Brexit - but London growth worst since 2012 image
....1 per cent, as measured by Nationwide. Dwindling supply and low mortgage rates are helping to underpin prices, said experts. ...
Older homeowners forced to sell properties to clear debt on mortgages image
Source : Daily Express [Read Article] Wednesday 28th of June 2017 08:25:00 AM
....There has been a sharp rise in the number of property sales by cash-strapped owners in the past two years as they struggle to pay down the capital on their loan. Interest-only mortgages were heavily sold in the 1980s and 1990s, with salesmen encouraging homeowners to take out endowment investment plans to clear the debt and hopefully leave a tidy profit as well. ...
FCA says UK's £7tn asset management industry needs radical reform image
Source : Guardian [Read Article] Wednesday 28th of June 2017 07:28:17 AM
....Sean Hagerty, the managing director for Europe at Vanguard Asset Management, said: “Costs matter. Every pound that investors pay in charges is a pound out of their potential returns, reducing their chances of being able to afford a comfortable retirement or save for a mortgage deposit. ...
Endowment plan: Need-to-know advice on interest-only mortgage repayment problems image
.... . Interest-only mortgages were heavily sold in the 1980s and 1990s, with salesmen encouraging homeowners to take out endowment investment plans to clear the debt and hopefully leave a tidy profit as well. ...
UK banks ordered to hold more capital as consumer debt surges image
Source : Guardian [Read Article] Tuesday 27th of June 2017 09:44:48 AM
.... The Bank’s Prudential Regulation Authority and the City regulator, the Financial Conduct Authority, will also publish next month how they expect lenders to treat borrowers in the consumer credit market. The Bank’s half-yearly assessment of risk to financial markets also set out measures to rein in the riskiest mortgage lending, highlighted the risks associated with the UK’s exit from the European Union and said commercial property prices were “at the top end of sustainable valuations”. ...
Consumer confidence collapsed after general election, YouGov finds image
Source : Guardian [Read Article] Monday 26th of June 2017 11:05:13 PM
....3% in May as the housing market suffered the effects of the election uncertainty and Brexit negotiations. At 40,347 in May, mortgage approvals were 9% below January’s peak level of 44,327. ...
Bond Street: status of UK's most exclusive shopping street under threat image
.... Mount Street in Mayfair has also become a big draw thanks to a line-up that includes Marc Jacobs, Balenciaga and Céline. While the majority of Britons may not be able to afford to shop on Bond Street, where the designer handbags can cost far more than a monthly mortgage payment, the luxury market is worth more than £32bn to the economy and employs more than 113,000 people. ...
Trump could use alternate routes to roll back bank reforms image
Source : Guardian [Read Article] Sunday 25th of June 2017 11:00:28 AM
....”. Boltansky, of Compass Point Research and Trading, countered that the US remains a long way from recreating the kind of conditions that caused the 2008 crisis, namely permitting egregious mortgage underwriting. ...
Maxed-out consumers of concern to Bank of England image
Source : Guardian [Read Article] Sunday 25th of June 2017 06:00:22 AM
.... Investors will be watching for any hints from the Bank on what it plans to do about rising consumer borrowing. Carney is also likely to use the report to give himself and committee colleagues a pat on the back for the steps already taken by the FPC to rein in the mortgage market, which in turn give monetary policymakers scope to raise interest rates without inflicting too much harm on borrowers. ...
Uber and the ‘brogrammers’ feel the consequences of changing the world image
....City traders are not the only people to follow the twists and turns of policymakers at the Bank of England. Plenty of middle-income families, coping with mega-mortgages, car loans and ballooning credit card bills, are concerned about the cost of credit. ...
Life swap … landlords are being given the chance to live like their tenants image
....What we don’t learn is how much the landlords really make. We hear lots about the value of properties, but not about the huge amounts of mortgages almost certainly attached to them. ...
Buy-to-let UK property sales fall by almost 50% in a year image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:45:48 PM
....Buy-to-let homebuying activity was “nearly half what it was a year ago” and had averaged around 6,000 purchases a month over the last 12 months, said the body, which represents banks and building societies. The number of landlord purchases involving a mortgage was 5,300 in April this year. ...
Record low interest rates send house prices SOARING for homeowners image
Source : Daily Express [Read Article] Wednesday 21st of June 2017 12:01:00 AM
....However prices are under pressure from the political and economic uncertainty of Brexit and the fallout from the disastrous General Election result for the Conservative Party. "There is no evidence to suggest that property prices are about to plummet, but homeowners and home buyers do need to plan ahead, and make sure they can cover the impact of interest rate rises on their monthly mortgage payments. ...
Property owners' £2.3tn windfall 'has created huge inequality gap' image
Source : Guardian [Read Article] Tuesday 20th of June 2017 05:01:01 AM
....”. The report found that 82% of housing wealth increases between 1993 and 2012-14 were due to the property boom, which saw the average price of a residential property in the UK rise threefold, rather than through any active behaviour – such as buying, moving house or paying off mortgages. ...
Pain without gain: the truth about austerity | Phillip Inman image
Source : Guardian [Read Article] Sunday 18th of June 2017 04:54:09 PM
....Meanwhile, household debts are on the increase. Credit card, car loan and student debt, and borrowing using that most pernicious of loans, the second mortgage, have all risen sharply in the last couple of years. ...
Why the political uncertainty won't shake house price foundations   image
Source : Daily Express [Read Article] Sunday 18th of June 2017 09:46:00 AM
.... That is far higher than the long-term ratio of around four times average salary. John Eastgate, sales and marketing director of OneSavings Bank, says falling real incomes will worsen affordability: “However, we expect to see mortgage rates at record lows for some time to come and this will support demand and ensure a modest level of house-price growth in the medium term. ...
Debt bubble returns millions to days of 2008 crash image
Source : Guardian [Read Article] Saturday 17th of June 2017 11:05:51 PM
.... These cards are often offered with incentives by retailers, such as an introductory discount at point of sale, although interest rates tend to be far higher than on normal credit cards. “Undoubtedly, there are huge numbers of people relying on credit and we are hearing that many of them are concerned that they will not be able to pay if interest rates go up slightly, or if there is a rise in their mortgage rate. ...
Buying my own place was an impossible dream – here’s how it came true image
....For starters, the average deposit for first-time buyers in London has jumped 276% in the past decade to a staggering £100,445, according to the Halifax. I did explore shared ownership, but I found many of the schemes insanely competitive and only available to people on much higher salaries, while service charges were steep, culminating in mortgage repayments plus rent settling in at about £1,500 a month. ...
How can I buy my friend out of our joint property? image
Source : Guardian [Read Article] Thursday 15th of June 2017 06:00:32 AM
....She now wants out of the property but I don’t think I can afford to buy her out on my own. However, another friend is willing to help by becoming part of the joint mortgage with me. ...
Pay off your mortgage FASTER: How to save thousands of pounds on repayments image
Source : Daily Express [Read Article] Wednesday 14th of June 2017 04:26:00 PM
....uk. The saving is equivalent to two years of mortgage payments on a fixed-rate, meaning homeowners who get the best deal could become mortgage free much faster. ...
House price inflation in April at six-month high, official figures show image
....Almost £3,500 was added to the value of the average house during April after the property market enjoyed a spring boost, according to official figures. The data, which shows that annual house price inflation has risen to its highest level since last October, runs counter to reports from mortgage lenders and others that the market was slowing down. ...
House sales in Greater London slump by almost a third in a year image
Source : Guardian [Read Article] Monday 12th of June 2017 06:01:18 AM
....Much of the decline follows a government overhaul of property taxes that spurred landlords and other second-home buyers to rush through deals in March. Figures from HMRC showed a huge spike in sales during March, while mortgage lenders reported a surge in activity after a new stamp duty surcharge came into force on 1 April 2016. ...
Quarter of households in UK will rent privately by end of 2021, says report image
....Not surprisingly, 68% of renters still expect to be living in rented accommodation in three years’ time. The most common reason for renting was saving for a deposit to buy a property, cited by 30%; followed by 21% who said renting allowed them to live in an area where they could not afford to buy; and 18% who said renting was more affordable than paying a mortgage. ...
While Corbyn inspired the young, May was terrifying the old image
Source : Guardian [Read Article] Sunday 11th of June 2017 06:00:47 AM
....It is all of a piece with the Cameron/Osborne policy legacy, inherited by May, that manufactures ways to kick debts down the road while professing to tackle them here and now. It has taken time for the implications here to sink in, despite plenty of warnings about the rocketing levels of student debt in the US, where student loans have become the second highest consumer debt category – behind only mortgage debt – at $1. ...
Will we pay higher stamp duty as my girlfriend has inherited property? image
....Second, as we are unmarried, we could acquire the new property in my name only. However, to secure a large enough mortgage, we need it to be calculated from both our salaries and, with the property in just my name, banks would only offer a home loan based on my salary. ...
General Election: Four ways the result could affect expats in the EU image
Source : Daily Express [Read Article] Wednesday 7th of June 2017 04:02:00 PM
....Mortgage payments. If you have a UK mortgage, your premiums could be affected by the winner of the election. ...
UK house prices rise for first time in five months image
Source : Guardian [Read Article] Wednesday 7th of June 2017 08:54:02 AM
....Martin Ellis, a housing economist at Halifax, said Britain’s property shortage would continue to support house price growth. “The fact that the supply of new homes and existing properties available for sale remains low, combined with historically low mortgage rates and a high employment rate, is likely to support house price levels over the coming months,” he said. ...
House price growth cools further in May, says Halifax image
Source : BBC [Read Article] Wednesday 7th of June 2017 07:54:52 AM
. The annual rate of house price growth is continuing to slow, according to the UK's biggest mortgage lender, the Halifax. ...
Skipton Building Society to launch cash Lisa – that’s a lifetime Isa  image
Source : Daily Express [Read Article] Tuesday 6th of June 2017 02:36:00 PM
....Skipton's cash Lifetime Isa can be opened online with just £1. First-time buyers who decide to take out a mortgage with Skipton, either directly or via intermediaries, will also receive £250 cashback. ...
Lifetime ISA providers: First cash LISA launched by Skipton Building Society  image
....Customers can open the account with just £1 and start reaping thousands of pounds from the Government towards a deposit for a first home. Skipton is also offering its Lifetime ISA customers who then take out a mortgage with the society a further £250 cashback. ...
Splendid isolation? image
Source : BBC [Read Article] Sunday 4th of June 2017 12:02:19 AM
....Prices start at £495,000 for a one bedroom flat, rising to just over £1m. On that basis, anyone putting down a 25% deposit of £124,000 would need to earn £80,000 to £90,000 a year to afford the mortgage. ...
Peer-to-peer lending promised 6%, but I’ve been left red-faced and in the red image
.... Kuflink has five deals listed on its site for periods of six and nine months, paying between 6% and 7%. Landbay It invests in buy-to-let mortgages with terms of up to 10 years. ...
Rise in housebuilding boosts construction sector in May image
Source : BBC [Read Article] Friday 2nd of June 2017 11:39:01 AM
...."A sustained rebound in residential building provides an encouraging sign that the recent a soft patch for property values has not deterred new housing supply," said Tim Moore, senior economist at IHS Markit. "Instead, strong labour market conditions, resilient demand and ultra-low mortgage rates appear to have helped boost work on residential development projects. ...

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