Lending Criteria to be relaxed ?

Thousands of buy-to-let borrowers with tracker mortgages hit with 2% rate hikes

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 …

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Help to Buy

'What about trust?': Brokers hit out at West Brom rate hike

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.

Bridging loans could beat £2 billion estimate

The UK bridging industry is expect to provide borrowers with a targeted £2 billion in short-term secured finance by the end of 2013, according to the latest West One Bridging Index. In the second quarter, industry gross bridging lending was £492 million, or an annualised rate of £1.97 billion. In the twelve months to June, gross bridging lending was £1.76 billion. Annual lending has grown by 9 per cent since the first quarter, and […]

Are Interest Only Mortgages Making a Comeback?

interest only mortgages

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 …

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