British financial services firms are likely to demand a deposit from anyone looking to take on a mortgage as trends of recent years are reversed, it has been claimed. According to the mortgage broker John Chacol, the loan-to-value rates of…
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The confidence of the typical UK consumer to take on more credit has been falling in recent months and looks set to continue in the same vein, according to CreditExpert. More and more homeowners around the country are deciding not…
Young homebuyers in the UK are being stretched to the absolute limits of their financial capacity, it has been suggested. Many homebuyers struggle with debt management issues and these problems are particularly acute for first-time property buyers, according to Louise…
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The stamp duties that have to be paid out by homebuyers around the UK are rising at a disproportionately rapid pace and are leaving thousands of people with more money problems to deal with, it has been claimed. Mortgage borrowers…
A full-blown recession for the UK’s economy in the coming months is a “remote risk”, according to the assessment of one expert. Andrew Sentance, a member of the Bank of England’s interest rate setting monetary policy committee, is convinced that…
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Mortgage providers are looking to avoid any “additional risks” and have all pulled out of the 125 per cent loan-to-value (LTV) market, according to a new report. Since the advent of the so-called credit crunch, companies have been increasingly reluctant…
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Many of the UK’s leading mortgage lenders have announced their intention to reduce the interest levels on their standard variable rate (SVR) deals, according to a report from Moneyfacts.co.uk. The price comparison firm has made clear that 57 lenders around…
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The base rate of interest in the UK will fall further over the course of the next few months, one expert has asserted. Howard Archer, chief UK and European economist at Global Insight, has predicted that the headline cost of…
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