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Download article as PDF Older homeowners with interest-only mortgages can find themselves in a situation where they are unable to repay their loans at the end of the term, now have more options available to them which could help them to … Continue reading
Download article as PDF The extension of the Right to Buy scheme that will include Housing Association tenants Who is eligible? Before 2015 it was only council tenants who had the right to buy the homes they had previously rented, … Continue reading
Download article as PDF Understanding what is a stress test, why BTL lenders use them A stress test is the calculation lenders use to determine how much they will lend to the borrower. Here is an explanation of how it … Continue reading
Download article as PDF How will they affect you… I’m sure you would agree there has been a lot of News about the new btl rules. Many of the Lenders in the marketplace have now released their approach to the … Continue reading
Download article as PDF The amount of equity released by homeowners from their properties in 2016 was up almost a third (30%) on 2015, with an average loan size of almost £60,000 (£59,887), according to Responsible Equity Release data. Its … Continue reading
Download article as PDF Their growing popularity of prefabricated housing, especially among thirtysomethings, demonstrates that prefab housing could be a future alternative to bricks and mortar. The technical difficulties with mortgage lenders often prove to be a barrier to people … Continue reading
Download article as PDF Ministers are planning a new wave of 100,000 prefab ‘modular homes’ in an attempt to solve the housing crisis. The scheme’s aim is to help the Government hit its ambitious housing target of building 1 million … Continue reading
Download article as PDF The Bank of England’s Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.25%. However the MPC now expects inflation to rise to the 2% target within six months – quicker than expected – … Continue reading
Download article as PDF Lifetime mortgage interest rates have fallen to a record low level in the months following the Brexit vote, according to Legal & General. The provider’s flexible lifetime mortgage product now offers an interest rate of 3.71%, … Continue reading
Download article as PDF New 55+ Mortgage – a massive shot in the arm for the mature borrower market If you thought you were too old to get a mortgage, the 55+ mortgage from retirement specialist Hodge Lifetime could provide … Continue reading