In early October, the Bank of England’s Monetary Policy Committee held its monthly meeting and voted by eight to one to keep interest rates unchanged at 0.5 per cent. Ian McCafferty was the dissenting voice who voted for a quarter-point rate...
LAND REGISTRY DATA: SEPTEMBER 2015 (released 28 October 2015)
The September 2015 Land Registry data showed a monthly increase in average house prices across England and Wales of 1.0 per cent. In London, prices increased by 1.8 per cent, well...
95% Normal
The launch of the government’s Help To Buy Guarantee scheme in late 2013 gave much-needed help to buyers with small deposits.
The scheme gives an insurance policy to lenders (paid for by the government), to protect them...
Buy to Let continues to grow
The popularity of the Buy to Let market shows little sign of slowing. According to the Council of Mortgage Lenders’ (CML) figures for July, lending to Buy to Let landlords saw an increase of nearly 12%...
Economic News 24 September 2015
At its meeting in early September, the Bank of England’s Monetary Policy Committee (MPC) voted to hold interest rates at 0.5 per cent by an eight to one majority; Ian MacCafferty was the dissenter who...
Interest Only Borrowers need to plan
Citizens Advice has warned that there could be almost a million mortgage borrowers with an interest only mortgage but no plan as to how they will repay the mortgage.
Interest only mortgages do...
LAND REGISTRY DATA: AUGUST 2015 (released 28 September 2015)
Monday, October 5, 2015
LAND REGISTRY DATA: AUGUST 2015 (released 28 September 2015)
The August 2015 Land Registry data showed a monthly increase in average house prices across England and Wales of 0.5 per cent. In London prices increased by 1.7 per cent, exceeding...
Mortgages for older borrowers
With the UK population living longer and working later in life, it comes as no surprise that our mortgage requirements are also beginning to change. High house prices have made it all the harder for...
