Tag: Mortgages

Middle Aged borrowers struggling to take out mortgages – effect of new lending rules ‘a major challenge’

Middle Aged borrowers struggling to meet Mortgage affordability regulations, newly specified in April’s Mortgage Market Review, mean lenders have re-vamped their requirements for loan approvals. Banks & building societies are now considering a borrower’s post-retirement income before sanctioning a mortgage … Continue reading

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

Bank of England governor alerts to danger of potential financial crisis as UK house prices rise to record 10.5%

The Bank of England’s governor, Mark Carney, has reinforced his ominous forecasts concerning the UK housing market, as new data indicated that house prices rose by 10.5% in the 12 months to May.

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Posted by: Leanne Halsey Categories: Economy, House Prices, Mortgages, Property Market Tags: , , , , , , Leave a comment

Funds running short for Help to Buy in Scotland

Funds set aside for the Help to Buy scheme in Scotland have run out only three months into the financial year leading many would-be buyers’ dreams of home ownership to crumble.

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Posted by: nicolasevern Categories: Buying, Economy, House Prices, Property News, Uncategorized Tags: , , , , , , Leave a comment

May Mortgage approvals dipped to lowest levels since June 2013

According to the Bank of England the number of mortgages approved in May was at its lowest level since June last year.

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Posted by: nicolasevern Categories: Finance, Industry News, Mortgages, Property News Tags: , , , , Comments Off

Interest Rates – Are They Set to Soar?

There has been much speculation around the subject of interest rate rises for some time now. Thankfully, since the Chancellor, George Osborne, announced in his Mansion House speech, that the Bank of England will be given new powers to intervene … Continue reading

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Posted by: Samantha Turner Categories: Economy, Finance, Industry News, Mortgages Tags: , , , , Comments Off

Rate rise of just 1% could send thousands into mortgage arrears, says UK Asset Resolution

Thousands of existing mortgage holders could be at financial risk of falling into arrears with their repayments if the Bank of England raises their base rate by just 1% in the near future, according to the chief of the “bad … Continue reading

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

Mortgage lending increase provokes debate

Increased mortgage lending in April indicates a buoyant market with demand for property at its highest level for some time.

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Posted by: nicolasevern Categories: Buying, Economy, Estate Agents, Industry News, Latest News, Mortgages, Uncategorized Tags: , , , , , , , , Comments Off

The potential rise in the UK Base rate, what effect will it have on mortgage & savings rates?

  Everywhere you look in the news at the moment, the topic of interest rates is present in full flow. Whether it’s the latest statement from Bank of England governor Mark Carney, or an emphatic announcement made by one of … Continue reading

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Posted by: Samantha Turner Categories: Finance, Mortgages, Savings, Uncategorized Tags: , , 1 Comment