House prices being offered dropped by 2. 3% in August while home-movers who want to move in by Christmas should be active in the market now, according to Rightmove. Estate agent Connells said it had re-launched 5,000 properties with substantial reductions since the...
Read moreMonetary Policy Committee Announcement and Minutes At its meeting ending on 1 August 2018, the MPC voted unanimously to increase Bank Rate by 0. 25 percentage points, to 0. 75%. The Committee voted unanimously to maintain the stock of sterling non-financial...
Read moreBank statements provide lenders an insight into the lives of prospective borrowers, but some activities could result in an application unexpectedly being turned down. Providers are looking for any clues that customers may struggle to keep up with repayments in the...
Read moreIf you’re a Landlord aged over 55, you may be interested in one of Retirement Advantage’s Over 55 Buy-to-Let Options. Release cash tax free from Buy-to-Let properties The Over 55 Buy-to-Let Options are secured on a Buy-to-Let property. They allow Landlords to release...
Read moreThe Bank of England has admitted that current forecasts show its base rate could remain under 2% for the next 30 years. Earlier this month Bank of England chief, Mark Carney, raised expectation of a base rate increase in August, but it is now suggested it could remain...
Read moreBank of England governor Mark Carney has raised expectations of an interest rate rise next month, after talking up the UK’s economic performance. Data points to a pick-up in growth in the second quarter of the year, after a disappointing start to 2018, according to...
Read moreRecord numbers of landlords are re-mortgaging to make home improvements and maximise returns on their property, research from Countrywide suggested. Three times as many buy-to-let investors remortgaged over the past year for refurbishments, compared to 2016, according...
Read moreRoyal London’s Diabetes life cover is now widely available following a smaller launch last year through a limited number of advisers to test market appetite for the product. Christina Rigby, product specialist at Royal London, said the feedback from advisers...
Read moreThere was an interesting segment on last Monday’s Radio 4 ‘You & Yours’ programme concerning Buy To Let investments, rental returns and tax considerations. You can listen here https://www. bbc. co. uk/programmes/b0b7d0nw but will first need to register with BBC...
Read moreMore lenders are relaxing affordability criteria to make it easier for borrowers to qualify for mortgages and larger loan amounts, brokers have suggested. A number of lenders have openly increased loan to income multiples in recent weeks, including Barclays, Platform...
Read moreWhy not pay off your own mortgage rather than someone else’s? Moving out of home to start a university degree is a big deal. For many it’s the first step to securing a dream future, however, it can be costly. Renting a room in a shared house will end up costing...
Read moreGood News? Mortgage rates on two-year fixes have fallen back from highs seen in May, analysis has shown Rates stand at a typical 2. 51%, after last month hitting 2. 52% which was the highest level since 2016, according to Moneyfacts data. Mortgage costs appear to...
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