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Latest News
RUSH TO BEAT FREE STAMP DUTY
Compared with 21 per cent in December,according to the National Association of Estate Agents (NAEA, its January market report shows that 23 per cent of overall sales made in January were to first-time buyers.
Last this high in May 2011 this represents the third consecutive mon... read more
Interest only being fazed out?
For deals where the repayment strategy is the sale of the property, Leeds Building Society has become the next lender to slash its maximum LTV on interest-only loans, this time from 70% to 50%.
Excluding buy-to-let loans, the criteria change is effective from today and also ap... read more
Endowment plans to leave people short
One of the country's largest insurers, Aviva has 71,000 endowment policies maturing this year, and estimates some 70,290 will fail to pay out enough to cover the policyholders' mortgage. Yes, more than 70,000 homeowners are in line for a shortfall on the endowments supporting the... read more
Buy to Let yields are up
Up from 6.1% in the third quarter and according to the Private Rental Sector (PRS) Trends quarterly survey carried out by buy-to-let specialists Paragon, that was the highest average yield of the year.
This positive trend looks set to continue through 2012, with 56% of lan... read more
Tesco will do mortgages by April
The long-anticipated launch into the mortgage market will happen by as early as April this year, Tesco Bank's chief executive, Benny Higgins, has suggested.
In an interview with The Times, Higgins said of mortgages:
"We would expect to launch in the next couple of months."
... read more
Moving Home is costing more, reports North London Mortgage Brokers
Rising from £5,290 in 2001 to £8,922 last year, the total cost of moving home has increased by 69% in the last decade,.
That outstrips the 64% rise in average house prices over the same period, according to research carried out by Lloyds TSB.
This now shows that the cost of... read more
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