A new lending limit of £2m has been set by Nationwide. This is up from a £1m limit that was in place since 2008 on its 75% loan to value fee free mortgages. A Nationwide spokesperson commented: “There is demand for larger loans, particularly in and around London, and we want to be in a […]
With the number of people looking to remortgage hitting an 18-month high, the effect of yesterday’s budget on mortgages and homeowners will be of the utmost interest to many of you. If you are looking for a contractor mortgage either a purchase or remortgage then click here to calculate how much you could borrow based […]
The housing and homelessness charity Shelter have indicated that 17,000 homeowners would have been saved from repossessions had the Mortgage Market Review’s (MMR) proposals been implemented five years ago. They came to this conclusion after having analysed the Financial Services Authority’s (FSA) figures and have strongly recommended that the proposals be implemented as soon as […]
As confidently predicted by our very own contractor mortgage consultants in their base rate predictions published on Tuesday, this lunchtime the Bank of England again kept the base rate at 0.5%. The Mortgage Market Review (MMR) has been in the spotlight again this month with the news that the framework will be published by the […]
The Bank of England base rate has again been held at 0.5%. This widely expected decision arrives on the same day that one of the largest house price indices revealed a further drop in property prices. The Halifax price index has revealed that prices in the third quarter of 2010 were 0.9% lower than in […]
As expected the Bank of England Base Rate has again remained at 0.5%, there is now a general consensus from many Industry Experts that we are likely to see a significant base rate increase in 2011. Now is an ideal time to review your mortgage options whether you are a current mortgage holder or considering […]
There is increased uncertainty surrounding the property market as a result of a Hung Parliament, with a number of property experts expressing their fears about the UK housing sector during the remainder of 2010. Despite the fact that the general trend in the UK property market has been positive over the last 12 months it […]
Yesterdays Budget was a pretty low-key affair mainly due to the upcoming general election. To quote the BBC’s Political Editor Nick Robinson, when summarising the budget “Short on economic announcements, but long on party political statements.” The main notes of importance where contractors are concerned were that VAT, NIC on dividends from PSCs, IR35, Section […]
