When you consider financial freedom, what do you think of? Interestingly, exotic holidays and being free and clear on your house may not be that high on the list of priorities. Many people have far more reasonable targets. A report from from credit check provider Noddle has shown that most people want to be free [...]
Bank of England says more than 71,000 mortgages were approved in August as housing market shows no sign of summer slowdown Mortgage lending has leapt by the largest amount since 2008, official figures showed on Tuesday, providing further evidence that the housing market is continuing to heat up. The Bank of England said a total [...]
Some 45 per cent of those surveyed for Post Office Money Mortgages doubt their ability to ever climb on to the property ladder. Of those who expect to be able to buy at some stage, the average age at which they hope to do so is 36 years old, up from 35 when similar research [...]
Research suggests potential buyers are not savvy about UK mortgage rules Two thirds of potential house buyers in the UK do not understand the new mortgage rules which were introduced last year, new research has found. Some 31% of people who plan to buy a property within the next two years are unaware that mortgage [...]
Rents were up 4.6% in July on the year before, figures show, with median rent for one-bedroom flat in London now more than £1,000 a month Average rents in the UK reached £937 per month in July as the pace of increases took a significant step up amid a shortage in the supply of housing. [...]
High street crackdown means you'll require a bigger deposit and face tighter checks for a buy-to-let mortgage.
Bank of England credit conditions survey for Q2 found rate for £10,000 loan is just above 4%, with greater competition among lenders cited.
Mortgage Lenders are tempting prospective landlords with more buy-to-let mortgage options than ever before which are getting even cheaper.
Bridging loans are a short-term finance option. They are often used to 'bridge' a gap between a debt coming due and the main line of credit becoming available. Or they can simply act as a short-term loan in pressing circumstances.
For many months the public have been told that the economy is getting stronger, unemployment is falling, banks are lending more and oh yes interest rates will need to rise in the not too distant future however market conditions are far different today than they were in 2007 and any rate increase could destabilise an [...]