While the Royal Institution of Chartered Surveyors indicated that April’s housing market was rather downbeat, its newest monthly survey has
Need a mortgage? It’s not as hard as it used to be.
It used to be that self-employed contractors that were trying to secure a mortgage so they could purchase a home
Co-op Bank ceases interest-only mortgages for new customers
It was recently revealed that while the Co-operative Bank will cease its offer of interest-only mortgages, only new customers will
Home purchasers unlikely to receive discount
House sellers are not so likely to drop their prices right now as they might have done in the last 3 months and are only offering small discounts.
The mortgage market has a bleak outlook
When, and if, the overall economy actually recovers, the boost to the mortgage market is not likely to attain pre-crash heights, according to economists attending the Building Societies’ Association conference.
A 32 percent drop in property valuations in April reported
Research from Connells revealed that residential mortgage valuations throughout April dropped by nearly a third on a monthly basis.
Millions are in for another mortgage rate surprise
Over a million house buyers, including those on contractor mortgages, are having to face increased mortgage payments from now on, and expert financiers are asking them to change to a cheaper lender.
Homebuyers avoid mortgage protection because of mix up over PPI outrage
The outrage surrounding the use of payment protection insurance could put off homeowners from purchasing any form of insurance for their mortgages at a particular point in time that increasing unemployment means they may need it more than ever, lenders state.
Which? says SVR increases will increase mortgage bill by £300m
The Halifax and Clydesdale, the Co operative Bank and Yorkshire Banks will all raise their SVRs today, and Which? says it will cost customers an extra £300m in mortgage payments over the coming year.
Scottish first time home buyers get much needed boost
This new scheme is aimed at helping people who could not otherwise have the cash available to purchase their own home.