by Taryn Johnston | Apr 21, 2021 | Mortgages
Nationwide is launching a new mortgage which enables first-time buyers to borrow 5.5 times their salary up to 90% loan-to-value (LTV). The ‘Helping Hand’ mortgage, which will be available on 26 April, applies to borrowers taking out a five or ten-year fixed rate deal...
by Taryn Johnston | Apr 16, 2021 | Mortgages
Santander will discard the 2020-21 tax year for self-employed borrowers who have been hit by the Covid-19 pandemic. Instead, from 19 April Santander will base its income assessment on the 2018/19 and 2019/20 accounting periods. However, the lender said it will need to...
by Taryn Johnston | Apr 14, 2021 | Mortgages
The current Bank of England base rate of 0.1 per cent is expected to remain unchanged until 2025, Capital Economics predicted. The consultancy’s latest UK housing market update concluded this would combine with other low-rate scenarios across the mortgages sector. ...
by Taryn Johnston | Mar 31, 2021 | Mortgages
Borrowers with a five per cent deposit have seen their choice of mortgage deals rise almost six-fold in less than one month as the government’s upcoming scheme has kick started the market. On 1 March, there were five mortgage deals available at 95 per cent loan to...
by Taryn Johnston | Mar 16, 2021 | Mortgages
Accord Mortgages returns to the 95 per cent loan-to-value mortgage market tomorrow (Wednesday), in a move aimed at “giving brokers more choice for first-time buyers with smaller deposits”. The product, only available through advisers, has a five-year fixed rate of...
