Blog

Seven day mortgage switching proposed

May 25, 2016 by in category Mortgage News

Under new plans being consulted on by the Government, borrowers could be allowed to switch their mortgages in seven days, Including mortgages, it has called for evidence to find out how long it takes people to switch providers across a number of markets, Over the coming months,the Government will meet with industry bodies to discuss […]

0 0 Read more

BROKERS HIT OUT AT MORTGAGE LENDING INTO RETIREMENT

April 28, 2016 by in category Mortgage News

After new figures showed half of all building societies had maximum age limits of at least 80, brokers have hit out at banks for their stances on mortgage lending to older borrowers It was announced last week by Halifax that it would use earned income for affordability up to age 70. Previously it applied this […]

0 0 Read more

MORTGAGE VOLUME UP IN JANUARY

February 19, 2016 by in category Mortgage News

In further signs that the housing market is set for an active year, mortgage lenders in the UK have reported their strongest January since 2008, and the Council of Mortgage Lenders (CML) said that £17.9bn of home loans had been handed out across the UK during the month. Experts said that cheap mortgage deals, reduced […]

0 0 Read more

HOME OWNERSHIP

February 19, 2016 by in category Mortgage News

Home ownership is increasingly becoming the preserve of older and wealthier households, says think-tank the Resolution Foundation, with only one in 10 young people likely to be on the property ladder in 2025. With the over-45s now accounting for three-quarters of all home owners, according to its new report on living standards, the housing ladder is […]

0 0 Read more

Mortgage Fees Standardisation

December 9, 2015 by in category Mortgage News

There is going to be a new tariff of mortgage charges.  In essence this means the introduction of a standard format for how lenders communicate their fees. After being asked by the Chancellor to find ways to make it easier for consumers to understand and compare the costs of different mortgages with different lenders, this […]

0 0 Read more

Mortgage Lending in Retirement

October 21, 2015 by in category Mortgage News

Brokers have warned that older borrowers who take advantage of the new pension freedoms and choose not to opt for an annuity could find it even harder to qualify for a mortgage into retirement. Removing a framework that had effectively forced many in the past to take out an annuity, in April this year, the Government […]

0 0 Read more

RIGHT TO BUY MORTGAGES

October 19, 2015 by in category Mortgage News

A bill which proposes to stimulate home ownership across the UK, is being read this week in Parliament. Part of this includes the re invigoration of the Right to Buy scheme. What might the impact be in the lending market? Clearly capitalising on the perceived desire for home ownership, and an aspiration to help as […]

0 0 Read more

AA PLANNING TO LAUNCH MORTGAGE RANGE

July 15, 2015 by in category Mortgage News

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 […]

0 0 Read more

TOUGH TIMES AHEAD FOR FIRST TIME BUYERS PREDICTED

June 4, 2015 by in category Mortgage News

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 […]

0 0 Read more

Has Mansion Tax gone away?

May 30, 2015 by in category Mortgage News

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 […]

0 0 Read more

London Mortgage Advice Ltd is authorized and regulated by the Financial Conduct Authority for residential mortgages and non investment insurance business.

Although London Mortgage Advice Ltd is regulated by FCA, commercial mortgages and most buy-to-let and offshore mortgages are not regulated by the FCA.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

London Mortgage Advice ©2015