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 specialist mortgage deals available at 95 per cent...
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...
by Taryn Johnston | Mar 5, 2021 | Mortgages
Following newspaper headlines over the weekend, the government has confirmed that it will be offering a mortgage guarantee scheme. The mortgage guarantee scheme is designed to encourage lenders to lend mortgages of up to 95% loan to value (LTV). Virgin Money said it...
by Taryn Johnston | Feb 25, 2021 | Mortgages
The stamp duty holiday will be extended for three months until the end of June at next week’s Budget, according to reports. The Times reported today that chancellor Rishi Sunak will make the change in a bid to keep the property industry moving. Many industry...
by Taryn Johnston | Feb 11, 2021 | Mortgages
The number of mortgages on the market has risen to 3,215, according to Moneyfacts – the widest choice seen since March 2020’s count of 5,222. It is also the largest four-monthly rise, at 42 per cent, (counted from October 2020) since 2007. In what should be good news...
