RENT CONTROLS FOR LONDON
January 25, 2019 by David Sellar in category Mortgage NewsIt has been officially announced by the mayor of London, Sadiq Khan, that his office is developing a blueprint for rent controls in the capital, citing Berlin and New York City as major cities where rent controls are successful. Khan says: “The arguments for rent control are overwhelming, and Londoners overwhelmingly want it to happen. […]
0 0 Read moreFIRST TIME BUYER MORTGAGES FROM SANTANDER
January 22, 2019 by David Sellar in category Mortgage NewsWith rates starting at just 2.45% with £1,000 cashback bonus on completion, no product fee and a free standard property valuation, Santander Mortgages has launched three residential mortgages. These new deals all have a minimum loan size of £75,000. There’s a 2.45% rate at 85% LTV, 2.65% at 90% LTV and 3.60% at 95%. “With […]
0 0 Read moreREMORTGAGE NOW
January 22, 2019 by David Sellar in category Mortgage NewsIf they don’t act as deals come to an end, borrowers who fixed mortgages two years ago could see rates more than double. That means that borrowers with a £200,000 mortgage over 25 years on a repayment-only basis could see repayments increasing by £279 a month – or £3,352.08 a year on average. This is […]
0 0 Read moreMORTGAGE TRENDS
September 12, 2018 by David Sellar in category Mortgage NewsJuly 2018 was the strongest in homeowner remortgages in a decade. However, figures from the Bank of England released yesterday, however, show that remortgaging as a proportion of new lending fell by 2.0 per cent on a quarterly basis. With regard to first-time buyer activity, annual growth was up by 1 per cent, with 31,400 […]
0 0 Read moreHISTORICAL INTEREST RATES
September 7, 2018 by David Sellar in category Mortgage NewsHistorical interest rates Historical antecedents Interest rates were very stable in the UK during the 18th century, staying put at between 4 and 5 per cent. Moving into the 19th century, there was more volatility, with interest rates shifting between 4 and 10 per cent. The first half of the 20th century was a similar […]
0 0 Read moreMORTGAGE TRACKER RATES BECOMING MORE POPULAR
July 5, 2018 by David Sellar in category Mortgage NewsAccording to the latest data by Experian, there has been a sharp increase in the number of consumers looking at tracker rate mortgages.. Experian’s credit search barometer shows almost half (46.8 per cent) of mortgage searches in MAY were for details of tracker rates and deals, according to their credit search barometer. This is significant […]
0 0 Read moreMortgage rates remaining stable
December 11, 2017 by David Sellar in category Mortgage NewsAccording to data from Moneyfacts, mortgage costs have hardly moved in the month since the Bank of England raised its base rate, and interest costs are almost exactly where they were 12 months ago, For the first time in more than a decade, in November from Mark Carney and his colleagues at the Bank hiked […]
0 0 Read moreREMORTGAGE AND SAVE MONEY
December 7, 2017 by David Sellar in category Mortgage NewsAccording to analysis from Habito. if you remortgage today to a fixed rate product before December their monthly mortgage payment could effectively make Christmas day free for borrowers on a Standard Variable Rate (SVR), they have estimated that Christmas costs an average of £812 per family, and the average customer who carries out a remortgage […]
0 0 Read moreBASE RATE RISE-MORTGAGES
December 6, 2017 by David Sellar in category Mortgage NewsThe first base rate increase in 10 years. The Bank of England announced that it would be increasing the base rate to 0.5%, after a vote of 7-2 in favour of a rate rise. This decision follows much speculation amongst market commentators of a rate rise, after Mark Carney commented, in October, that the majority […]
0 0 Read moreMORTGAGES INCOME SUPPORTED BTL FROM PRECISE
December 5, 2017 by David Sellar in category Mortgage NewsIncome-supported buy-to-let mortgages and remortgages will be launched next week. This lets customers with excess income bridge the gap between the rent they need and the rent they would earn. The new product will be designed to let brokers help customers who would otherwise struggle with prime lenders’ lending policies for buy to let mortgages […]
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