In partnership with the Bank of Ireland UK, .AA Financial Services is planning to launch its first mortgage range in 2016 Currently offers savings products, credit cards, life insurance and loans.AA, more widely known for its breakdown services. “As part of the AA’s new partnership with the Bank of Ireland UK we are looking to […]
A survey by the National Association of Estate Agents reveals that Estate agents are predicting a tough time ahead for first-time buyers. They said they did not expect the first-time buyer market to substantially increase over the next five years. Because of the expected increase in house prices, some 55% of agents said they thought that […]
Experts have warned the Labour Party party must choose any alternative reforms to Mansion Tax carefully, after Labour hinted it could drop the plans. Promising it would be implemented from day one of a Labour government, the mansion tax – an annual levy on houses of more than £2m – had been a key plank […]
Woolwich recently launched a 10 year fixed rate at less than 3%. Should you be fixing your mortgage for the next decade? The question being asked-is it a good idea to lock yourself into a loan for such a sustained period? Or would you be better off switching to a shorter-term deal? Knowing how much […]
As the number of loans advanced to borrowers increased year-on-year for the first time in 11 months, so the remortgage market slump showed signs of ending in March There were 26,600 loans to remortgage borrowers in March, according to the Council of Mortgage Lenders, up 6 per cent on March 2014’s 25,200. Since April 2014, […]
In order to give borrowers more flexibility when repaying their mortgage, Leeds Building Society has changed its interest-only lending criteria. Similar to that offered by Santander they have introduced part and part interest-only mortgages available up to 75% LTV, with a maximum of 50% on an interest-only basis and the remainder on a capital and […]
According to E.surv, the number of loans to borrowers with small deposits grew 7.3 per cent year-on-year in April. p from around 9,400 a year earlier,Lenders advanced 10,112 loans to borrowers with a fifteen per cent per cent deposit or less last month At 62,035 from 63,236 the previous April, there were one point nine […]
According to Nottingham Building Society remortgages are set to increase over the next 6 months with borrowers hoping to save up to £100 by remortgaging to a cheaper deal. With five-year fixed rates the most popular choice for those switching deals, the Society found up to one in six homeowners are considering remortgaging over the […]
Off the back of the victory by the Conservatives at the polls there is a possibility that mortgage rates could be set to dip even further. Although at record low levels the austere fiscal policy planned by the new Government could see rates dip even further If this policy is put firmly into place then […]
On selected deals Nationwide is to give £500 cashback on all first-time buyer mortgages. In cases before this was only offered where there was otherwise a Nationwide mortgage deal with a £999 fee. But the new change deal means that the cashback will be on offer on all first-time buyer products.
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