Mortgages

Almost nine in ten borrowers fixing their mortgages

Fixed-rate mortgages have become increasing popular among residential homeowners after borrowing rates for three, five and ten-year deals dropped between March and May, a UK broker has said. Stephen Smith, Director of Housing at Legal & General, said...

Mortgage lending 'too restrictive to meet demand'

Banks need to lend more to meet high demand from potential property buyers and pull the UK out of the economic downturn, says the National Association of Estate Agents (NAEA). The NAEA, which represents UK estate agents, believes the majority of buyers in...

Family keep home after landmark SRB ruling

A family has won a landmark court case that has enabled them to keep their home after they almost lost it through a sale and rent-back (SRB) scheme. Shrewsbury couple Paul and Amanda Jackson entered into an SRB deal after getting into mortgage arrears. ...

Property market 'leading UK out of the recession'

Unemployment in the UK might be at a 12-year high amid the ongoing problems caused by the recession, but property investors could have one foot on the road towards economic recovery. According to Gary Smith, president of the National Association of Estate...

Property investors urged to track mortgage rates

Investors have been urged not to take their 'eye off the ball' when it comes to bagging a good mortgage deal while the Bank of England base rate is relatively low, at 0.5 per cent. Neil Young, Chief Executive Officer of property management firm the Young...

Absence of high LTV mortgages 'causing market stagnation'

The property sector is suffering as first-time buyers (FTBs) remain priced out of the market due to the absence of high loan-to-value (LTV) mortgages, an expert has warned. Louise Cuming, head of mortgages at price comparison website Moneysupermarket.com,...

FTBs warned not to use loans to fund deposits

Using a bank loan to fund a deposit on a property purchase is effectively taking out a 100 per cent mortgage 'through the back door' and will not be accepted by lenders, a mortgage expert has warned. Louise Cuming, Head of Mortgages at price comparison...

Broker: Consumers favouring long-term fixed-rate mortgages

More homebuyers opted for longer fixed-rate mortgage deals in May to protect themselves against further economic volatility, research has suggested. Figures published by Mortgage Force, the national broker, have shown that 56 per cent of fixed-rate deals...

Top Tax Tips

The current 2008/09 tax year will be remembered for an unprecedented series of financial and economic events. With Bank solvencies, cash flow and in some instances merely financial survival in the foremost thoughts of many, it is more important than ever to...