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Lenders Cash in by increasing Standard Variable Mortgage Rates

December 5, 2014 by in category Mortgage News

Despite no movement in base rate for over five years, lenders seem to be cashing in on borrowers as new data shows SVRs are rising . The average SVR has risen 0.12 per cent from 4.41 per cent to 4.53 per cent, Bank of England data published this week showed. This is in contrast to […]

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Stamp dutychanges a boost for new property buyers

December 4, 2014 by in category Mortgage News

In his Autumn Statement to the Commons,George Osborne has said stamp duty will be cut for 98% of homebuyers Working in a similar way to income tax, the chancellor said that from midnight the current system, where the amount owed jumps at certain price levels, would be replaced by a graduated rate. What will please […]

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MPs CALL FOR STAMP DUTY REMOVAL

November 18, 2014 by in category Mortgage News

A group of MPs has recommended that older people looking to ‘downsize’ should not have to pay stamp duty on the purchase of a moderately-priced home. In its November News and Views publication, the Council of Mortgage Lenders noted that members of the all-party Parliamentary Group on Housing and Care for Older People argues many […]

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