UK financial regulators have expressed concerns about the increasing number of homeowners who are in danger of losing their homes, if they don't act towards paying their debts. Although the Financial Conduct Authority (FCA) have tried to reduce the number of interest-only mortgages, there are [...]
By December 2017, mortgage lending in the UK had dropped to its lowest level in almost three years, as the demand fell for expensive properties in Londonand the south-east. According to the Bank of England, new mortgages for property purchases were the weakest since January 2015 [...]
A new housing scheme in East London has been approved, despite objections by Tower Hamlets Council. The London Legacy Development Corporation (LLDC) has permitted a 407-home scheme led by Pitman Tozer Architects and BPTW partnership. The Imperial Street scheme will consist [...]
Customers at M&S can now apply for a mortgage through the establishment's banking arm. The retailer has entered the home loans market, having made the announcement in 2017, and is offering deals to both first-time buyers and people looking to remortgage their [...]
Chancellor Philip Hammond endeavours to ease the housing crisis needs further reforms, according to a warning issued by the Treasury Select Committee. The Stamp Duty cut in 2017 was intended to assist first-time buyers get on the property ladder, however MPs [...]
Santander, one of the UK's largest mortgage lenders, has decreased its highest lending rate. The move comes as a complete change to how the establishment charges its borrowers. When borrowers reach the end of their current fixed-rate deal they are usually moved [...]
Halifax customers could receive £500 cashback for certain deals until the 18th of March 2018. Anyone from first time buyers to those who are remortgaging from another lender are potentially eligible to benefit. An extra £500 appears extremely tempting; especially when moving [...]
The Bank of England has reported that the central bank's base interest rate and average mortgage rates have "narrowed significantly". The final three months of 2017 demonstrated the biggest strain on profit margins for two years. Because of this and intense competition [...]
London is undergoing many regeneration projects and transport upgrades. Areas are being revitalised with cultural and employment changes. As a result, there is greater opportunity for new properties that could be more budget friendly. For a lot of first time buyers, owning [...]
Stamp Duty Land Tax was one of the main subjects of the Autumn 2017 budget. For first time buyers purchasing properties up to £300,000, the Stamp Duty Tax was abolished. As a result, it was believed that the savings for would-be buyers [...]
