The Bank of England has admitted that current forecasts show its base rate could remain under 2% for the next 30 years. Earlier this month Bank of England chief, Mark Carney, raised expectation of a base rate increase in August, but it is now suggested it could remain...
Read moreBank of England governor Mark Carney has raised expectations of an interest rate rise next month, after talking up the UK’s economic performance. Data points to a pick-up in growth in the second quarter of the year, after a disappointing start to 2018, according to...
Read moreRecord numbers of landlords are re-mortgaging to make home improvements and maximise returns on their property, research from Countrywide suggested. Three times as many buy-to-let investors remortgaged over the past year for refurbishments, compared to 2016, according...
Read moreRoyal London’s Diabetes life cover is now widely available following a smaller launch last year through a limited number of advisers to test market appetite for the product. Christina Rigby, product specialist at Royal London, said the feedback from advisers...
Read moreThere was an interesting segment on last Monday’s Radio 4 ‘You & Yours’ programme concerning Buy To Let investments, rental returns and tax considerations. You can listen here https://www. bbc. co. uk/programmes/b0b7d0nw but will first need to register with BBC...
Read moreMore lenders are relaxing affordability criteria to make it easier for borrowers to qualify for mortgages and larger loan amounts, brokers have suggested. A number of lenders have openly increased loan to income multiples in recent weeks, including Barclays, Platform...
Read moreWhy not pay off your own mortgage rather than someone else’s? Moving out of home to start a university degree is a big deal. For many it’s the first step to securing a dream future, however, it can be costly. Renting a room in a shared house will end up costing...
Read moreGood News? Mortgage rates on two-year fixes have fallen back from highs seen in May, analysis has shown Rates stand at a typical 2. 51%, after last month hitting 2. 52% which was the highest level since 2016, according to Moneyfacts data. Mortgage costs appear to...
Read moreThe bridging finance market topped £1bn in the last three months of 2017 – the first time that particular barrier has been smashed in any three-month period, according to the Association of Short Term Lenders (ASTL). The value of loans written was up 19. 6% compared...
Read moreFrom 10th May 2018, LV introduces new rates for their Lifetime Mortgage Lump Sum+ product. All rates for loans up to £500,000 have been reduced. LV’s Lifetime Mortgage Lump Sum+ offers the following features: 10% early repayment charge (ERC) free repayment each...
Read moreRetirement Advantage has introduced a new Lifetime Mortgage product, Prestige Options which provides a tax-free, one-off cash payment for higher loan amounts. No payments are due and interest is added to the loan each month. Prestige Options offer: Maximum loan amount...
Read moreNew categories have been added to the acceptable property criteria for Equity Release. This is good news if your property has previously been rejected or you are considering Equity Release and have a property that falls within one of the criteria below: Flat roofs...
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