by | Mar 19, 2020 | Mortgages
The Bank of England has slashed the UK base rate to a record low of 0.1 per cent as it attempts to boost the UK economy against the spreading coronavirus crisis. This is the second cut in interest rates in just over a week after the BoE reduced rates from...
by | Feb 26, 2020 | Mortgages
The Ministry of Housing, Communities and Local Government has published a list of five building owners who have failed to put a plan in place to remove unsafe aluminium composite material (ACM) cladding from high-rise buildings. In January, Housing Secretary Robert...
by | Feb 25, 2020 | Mortgages
Homebuyers are to be given fresh help with rogue builders and shoddy work by a New Homes Ombudsman. Housebuilders will be obliged to join the ombudsman so all homebuyers can get issues resolved. Developers will be forced to pay compensation for substandard finishes on...
by | Feb 20, 2020 | Mortgages
Law firm Collyer Bristow has warned that second homeowners and property investors are to be hit by changes to Capital Gains Tax. Homeowners, second homeowners and property investors who cannot rely on the principal private residence relief and sell a property face a...
by | Nov 8, 2019 | Mortgages
The Bank of England’s Monetary Policy Committee (MPC) has voted to maintain the Bank Rate at 0.75%. The nine-member committee voted 7-2 to hold the rate. Jonathan Haskell and Michael Saunders voted to lower the Bank Rate, believing the weakening economy called for...
by | Aug 27, 2019 | Mortgages
Parents spend so much money to get their children onto the housing ladder that they are now among the biggest lenders in the UK, a survey suggests. The average parental contribution for homebuyers this year is £24,100, up by more than £6,000 compared to last year,...
