HSBC is withdrawing mortgage products above 85 per cent LTV for new business from today, 2 September As one of just a few large lenders offering products at LTVs above 85 per cent, HSBC says that sustained levels of high…
Lockdown hasn’t reduced ambition of 1st time buyers but methods to get on the ladder have been changing 93% of first-time buyers are still considering buying in 2020, with the majority (51%) stating that they definitely intend to buy this…
Office closure info Our office will be closed from 1pm on Friday 24th July until 9am on Monday 17th August for our summer holidays Hope everyone has a great break of their own, whether it’s far away or more…
Majority of lenders not yet ready to return to 90% or higher borrowing in N.Ireland Getting more and more enquiries in recent days from customers hoping to purchase with a 5% or 10% deposit. The problem is that very few…
Approvals down to a 7 year low but signs of banks re establishing Mortgage approvals for house purchase plunged by 24 per cent from almost 74,000 in February to 56,200 in March, hitting their lowest level for seven years The…
25% of those questioned have cancelled direct debits without approval A quarter of people seeking mortgage payment holidays are cancelling the direct debit without getting approval from their lender – leaving them in danger of harming their credit score. That’s according…
61,000 payment breaks being granted per day More than 1.2 million households have been granted mortgage holidays under measures to support borrowers in financial difficulty due to coronavirus. In the two weeks between 25 March and 8 April alone the number…
Special measures announced by credit reference agencies Credit scores of borrowers who take Covid-19 payment holidays will be protected under special measures announced today by the credit reference agencies. The government pledged to provide the three-month deferral to anyone who was…
Many key mortgage products increase despite lowest ever base rate Britain’s banks have defied the Treasury and Bank of England’s efforts to get them to lessen the burden on households, raising their interest rates on mortgages after the Bank…
Latest advice effectively puts property market on hold With some banks already withdrawing mortgages from sale, the government’s order that all house moves be put on hold will effectively freeze the housing market. In new government advice, Housing Secretary Robert Jenrick’s…