Category: Finance

Fixed-rates for mortgage plans reach new low

The steady decrease in fixed-rate mortgage prices continues as HSBC announce new mortgage plan with a five-year fixed-rate of 2.48%, edging ever closer to the record lows set by Yorkshire Building Society at 2.44% in August 2013.

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Posted by: Leanne Halsey Categories: Latest News, Mortgages Tags: , , , , Leave a comment

Barclays prepares to launch ‘video call’ banking

Barclays customers are to be the first able to conduct face-to-face video calls with their branch’s advisers from the comfort of their own homes, in the latest consumer-orientated move made by lenders aware of the flourishing digital age the world … Continue reading

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Posted by: Leanne Halsey Categories: Finance, Technology Tags: , , , , , , Leave a comment

Mortgage approvals fall by 16% on the previous year

Mortgage approvals continue to tumble month-on-month suggesting the Bank of England’s (BoE) crackdown on the lending sector is having a decidedly dampening effect on the housing market.

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Posted by: Leanne Halsey Categories: Mortgages, Property Market, Property News Tags: , , , 1 Comment

Santander to break the mould with launch of lifetime mortgages in 2015

  British borrowers who find themselves unable to afford their repayments from their interest-only mortgages at the point of their expiry will be able to acquire a fresh mortgage deal till they die, as Santander officially unveiled plans to provide … Continue reading

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Posted by: Leanne Halsey Categories: Finance, Industry News, Mortgages Tags: , , , 1 Comment

Bank of England proposals could require a third of new landlords to put down larger deposits

  The Bank of England have recently outlined a new proposal to impose stricter lending criteria for buy-to-let investors. If agreed, these extra powers could see new buy-to-let landlords having to put down a 40% deposit in order to secure … Continue reading

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Posted by: Leanne Halsey Categories: Industry News, Letting, Mortgages Tags: , , , , , , 1 Comment

Mortgage approvals fall month-on-month; a clear sign the housing market is slowing down

The number of mortgage approvals made by lenders for September fell 10% on the previous year, representing a 14 month low in mortgage lending activity in a clear indication that the housing market is undergoing its greatest slowdown in recent … Continue reading

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How could making mortgage overpayments affect your credit rating?

For many with mortgages, interest rates remaining static lately has been rather helpful. Low interest rates have meant that the mortgage market has been very competitive, and for many on a long-term low tracker rate it’s been quite beneficial.

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Posted by: Leanne Halsey Categories: Mortgages, Property Advice, Savings Tags: , , , , , , , , Comments Off

Bank of England retains its base rate at 0.5% amid pressure due to the UK’s current period of economic growth

The Bank of England’s Monetary Policy Committee (MPC) has voted to retain interest rates at 0.5% for the 66th consecutive month, reflecting its lack of conviction in the durability of the economic growth the UK is currently undergoing.

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Posted by: Leanne Halsey Categories: Economy, House Prices, Mortgages Tags: , , , , , 1 Comment