2012

How is the Bank of Mum and Dad holding up?

How is the Bank of Mum and Dad holding up?

News from the Bank of Mum and Dad A recent survey by PrimeLocation has revealed just how much first time home buyers in the UK turn to mum and dad when seeking their first mortgage. The problem is of course deposit. Zero deposit and low deposit mortgages have disappeared from the market over the past […]

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Bank of China raise minimum mortgage level to £80,000

Bank of China raise minimum mortgage level to £80,000

Bank of China – Minimum Mortgage Level up The attractiveness of current Bank of China mortgage rates (residential 2.8% and buy to let 3.88%), together will several features in the National Press this month has seen a sharp rise in mortgage enquiries to the Bank. In an attempt to keep the level of new business […]

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Why are Mortgage Lenders so in love with the SA302?

Why are Mortgage Lenders so in love with the SA302?

Are SA302s really necessary for mortgage underwriting? Since the start of 2012, our self-employed applicants are being asked for SA302’s by nearly all Mortgage Lenders. This can be a tricky one as these elusive pieces of HMRC paperwork are only supplied by the Tax Office if you ask them to calculate your tax payment. Most […]

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New Channel 4 Sarah Beeny Property Show

New Channel 4 Sarah Beeny Property Show

Could you feature on the new Sarah Beeny Property Show? Sarah Beeny is heading to Battersea, Clapham and Streatham, as part of a brand new property series for Channel 4. Sarah is well known as a Property Developer and Television Presenter following the success of series such as Property Ladder and Britain’s Best Homes. Now […]

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Current considerations in the mortgage market – Q2 2012

Current considerations in the mortgage market – Q2 2012

Mortgage News – Q2 2012 Interest only Mortgages Lenders made their biggest changes to criteria in the first quarter of 2012 in the area of interest only mortgages. The focus is on encouraging more clients to take their mortgages on a full capital repayment basis. Both Abbey Santander and Halifax (among others) have set maximum […]

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Skipton Building Society drop interest only maximum

Skipton Building Society drop interest only maximum

Skipton Building Society drop interest only limits Skipton Building Society have announced that their policy on interest only mortgages will change with effect from tomorrow 27th March. The current maximum loan to value on interest only applications of 75% will be dropped to 60%. Applications between 75% loan to value and 80% loan to value […]

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Nat West withdraw interest only mortgage option

Nat West withdraw interest only mortgage option

Nat West drop interest only Late yesterday afternoon Nat West announced a temporary withdrawal of interest only options on it’s mortgage range. This is a precursor to the Lender announcing a new range of interest only mortgage products which we expect next week. This spilt of product between mortgages to be taken on a capital […]

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Coventry Building Society reduce maximum interest only

Coventry Building Society reduce maximum interest only

Coventry BS alter interest only rules Coventry Building Society has today announced that it is reducing it’s maximum loan to value limit on interest only mortgage applications to 50%. This follows the lead set by Nationwide Building Society earlier this week and Abbey Santander and Halifax earlier this quarter. This puts further pressure on the […]

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Nationwide Building Society reduce maximum interest only

Nationwide Building Society reduce maximum interest only

Nationwide follows Santander and Halifax Nationwide Building Society has today announced that it is reducing it’s maximum loan to value limit on interest only mortgage applications to 50%. This follows similar announcements in recent weeks from Abbey Santander and Halifax. In April 2011 Nationwide reduced maximum loan to value for interest only mortgage applications from […]

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Newbuy Guarantee Scheme

Newbuy Guarantee Scheme

Newbuy Guarantee Scheme The Government’s Newbuy Guarantee Scheme was launched today. We picked this up in our blog on 2nd February and our view has not really changed. (at that point the label seemed to be New Build Indemnity Scheme) If you want to find out mortgage about the scheme visit our Newbuy Guarantee Scheme […]

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