Proposals in the government’s Digital Economy Bill intend to make switching a mortgage deal for homeowners possible within a week.
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Category Archives: Re-mortgage Buyer
George Osborne has warned mortgage rates would increase if the UK leaves the European Union increasing the cost to homeowners.
Figures from the CML estimate a 30% rise in mortgage lending over the year as homebuyers seek to complete before the April deadline.
Data from the CML shows remortgage lending for homeowners and buy-to-let market rises significantly by numbers and value for January.
The CML has said homebuyers are stretching their finances by selecting mortgage terms of greater than 25 years to afford their homes.
The Bank of England are unlikely to raise interest rates this year due to market forces sending mortgage rates for borrowers to record lows.
Data from the Council of Mortgage Lending (CML) shows gross mortgage lending for 2015 is the highest for seven years as demand remains high.
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.
Older borrowers could soon be offered mortgages into their 80s and 90s as building societies review their age limits.
Data from the CML shows overall lending is up 19% year on year as remortgage buyers return after a dip during the summer.