The Bank of England are unlikely to raise interest rates this year due to market forces sending mortgage rates for borrowers to record lows.
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Category Archives: Home Movers
Lenders for the new London Help to Buy are offering mortgage rates as low as 1.55% to first time buyers and home movers.
The HSBC have returned with a five-year fixed rate mortgage of 1.99 per cent with a high fee, but should you commit to such a long term?
Data from the Council of Mortgage Lending (CML) shows gross mortgage lending for 2015 is the highest for seven years as demand remains high.
From February the new London Help to Buy scheme will offer homebuyers loans up to 40% of the property value to purchase new-build homes.
Property prices are up 9.5% in the year and a further decline in the number of homes for sale will keep the an upward pressure on prices.
New research by the Resolution Foundation finds the average first time buyer takes 24 years to save enough deposit to buy their home.
Homebuyers in London are to benefit as the government improves Help to Buy and removes restrictions for Shared Ownership scheme.
Landlords of buy-to-let properties must pay much higher stamp duty land tax following the chancellor’s Autumn Statement.
Older borrowers could soon be offered mortgages into their 80s and 90s as building societies review their age limits.