General property news about mortgages and interest rates. Discussion about adverse credit and self cert mortgages for business people.
John Phillips is the financial services director at Kinleigh Folkard & Hayward and in a recent article for Mortgage Introducer he makes an interesting point about lending criteria. There are plenty of positive headlines in the news about the return of growth to the UK economy and even enough good house price data to spark …
The EU Directive on Buy to Let Mortgages was quite big news last week. A quick round up of the reaction to the news follows, but first a bit of background: What is the EU Directive on Buy to Let Mortgages The European Union has been considering a set of new rules governing the supply of consumer …
The help to buy scheme is intended to help first time buyers get on the property ladder, and achieve that very British goal of homeownership. However, as with all things, the scheme may have unintended consequences.
Many homeowners feel trapped on relatively expensive mortgages, the combination of the ongoing lack of availability of mortgages and stagnant house prices. Lenders left the interest only market in droves following indications from regulators that increased regulation was likely. According to Moneyfacts the number of lenders offering interest only mortgages reduced to just 12, which …
The Nationwide Building Society is among a growing number of lenders slashing its interest-only maximum loan to value for residential lending. In March the mainstream lender reduced its maximum LTV for interest only loans from 75% to 50%. Martyn Dyson, head of mortgages at Nationwide, says: “A number of major lenders have recently restricted their …
Property developer, Bovis Homes Group have shared some good news in their preliminary results for the year ending 31st December 2011. They report an operating profit of £36m for 2011, an increase of 69% on the previous year. The background makes quite positive reading too. There were 2045 completed home sales, an increase of 8%. …