A new ten-year fixed-rate mortgage has been introduced by Chelsea, the fifth-largest building society in the UK. It is offered at a rate of 4.59 per cent, which will remain fixed until April 1st 2019, after which it will revert…
Continue reading the "Chelsea Building Society launches ten-year fix" »
Many Britons wrongly feel that they are excluded from the mortgage industry, it has been claimed. Tougher lending restrictions on the part of lenders have led to many people believing they will have difficulties in getting a homeowner loan, according…
Continue reading the "Brits ‘feel excluded from mortgage market’" »
Borrowers may now be able to get an 85 per cent mortgage without being “heavily penalised”, it has been stated. Richard Hair, past president of the National Association of Estate Agents, said that there has been a “little loosening of…
Continue reading the "Lenders ‘loosening purse strings’" »
Proposals for the Financial Services Authority to regulate the sale and rent back (SRB) sector have been welcomed. The measures are designed to protect people who enter into agreements to sell their home and live in them as tenants, possibly…
Continue reading the "Sale and rent back proposals hailed" »
Reductions are being made to a range of fixed-rate mortgages by Nationwide Building Society, it has been announced. February 17th will see the lender cutting rates on its two, three and five-year fixed home loans by up to 0.2 per…
Continue reading the "Nationwide lowers prices on fixed-rate mortgages" »
Around a fifth of UK mortgage holders have borrowed 90 per cent or more of their property’s value, which could potentially put them in danger of negative equity, figures have shown. Research compiled by Fairinvestment.co.uk found that 21 per cent…
Continue reading the "Homeowners ‘at risk of negative equity’" »
A new mortgage product has been unveiled by Leeds Building Society that could help homeowners deal with debt management. The one-year fixed-rate homeowner loan is set at 3.79 per cent for the first 12 months, after which it reverts to…
Continue reading the "One-year mortgage unveiled by building society" »
There will be a “modest improvement” in the housing market in the second half of this year, it has been predicted. Content editor at FindaProperty.com Michael O’Flynn stated that reports that have emerged recently about a rise in buyer enquiries…
Continue reading the "“Modest improvement” forecast for housing market" »