Tag: Personal finance

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

Equality Trust call for tax system overhaul after figures suggest nation’s poor contribute more than rich

The British electorate considerably underestimate how much the lowest earners in the country pay in tax and are under a false impression that the country’s richest shoulder the largest burden on their income from tax, according to compelling and insightful … Continue reading

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Posted by: Leanne Halsey Categories: Economy, Industry News Tags: , , , , Comments Off

UK inflation rate falls sharply to 1.5%, according to Consumer Price Index

The UK inflation rate has steeply fallen to its lowest value in 54 months, the latest Office for National Statistics (ONS) figures have revealed.

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Posted by: Leanne Halsey Categories: Economy, Latest News Tags: , , Comments Off

UK unemployment rate falls to 6.6% but growth in wages continues to stagnate

The UK unemployment rate continued its staggering downward trajectory in the three months to April this year, with the latest figures released by the Office for National Statistics indicating that the nationwide rate has fallen to just 6.6%.

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Posted by: Leanne Halsey Categories: Economy, Latest News Tags: , , , , , 2 Comments

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