Latest news from the UK mortgage market | A Mortgage Now

Latest news from the UK mortgage market

Base Rate Rise – What to do about your mortgage payments?

Base Rate Rise – What to do about your mortgage payments?

The Bank of England Monetary Policy Committee today (2/11/17) decided to raise interest rates by 0.25% to 0.5%. But how will this effect your mortgage payments, and what should you do about it. This is technically a doubling of rates, but in practical terms this moves the BOE rate back to the level it held […]

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Bank of England drops base rate to 0.25%

Bank of England drops base rate to 0.25%

The Monetary Policy Committee today dropped Bank of England Base Rate to 0.25% What the market has done (5th August 2016) The following Lenders have said they are cutting their: Tracker Rates Mortgage Changes Barclays – now for new customers, 1st September 2016 for existing customers Coventry BS from 1st September 2016 Halifax from 1st September […]

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Second property Stamp Duty Changes – have your say

Second property Stamp Duty Changes – have your say

In his Autumn statement the Chancellor George Osborne announced plans to increase the Stamp Duty Land Tax by 3% on Second Homes. Perhaps you do not have a second property, perhaps you do, but do not intend to buy another – but did you know that under the draft proposals… Home movers who have another […]

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One day mortgage service | Is this really possible?

One day mortgage service | Is this really possible?

Can you actually obtain a mortgage in a day? HSBC have invested a great deal of money in a beautifully shot TV advertisement promoting their one day mortgage service, but can they, or anyone, give you a residential mortgage approval on the same day? What do HSBC actually say about same day mortgage approval? Firstly, […]

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Re-mortgage trap sprung

Re-mortgage trap sprung

Help is now available to ‘mortgage prisoners’ who cannot prove sufficient income to swop mortgage lenders Are you stuck on an expensive standard variable rate or with a lender who is not looking after you because mortgage underwriting rules have tightened? The solution There is now a solution that can allow you to swop to […]

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Mortgage and Protection News Autumn 2015

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Mortgage credit directive and the UK market

Mortgage credit directive and the UK market

Mortgage credit directive effects Why borrowers over 50 are ‘housebound’ The Bulgarian mortgage broker How to find out why you got a ‘no’ The death of the mortgage bogof Your Euro mortgage Why your Spanish mortgage is a problem Why you should not pay a tied mortgage broker Why we all need to go to […]

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Mortgage market review – one year on – what’s changed?

Mortgage market review – one year on – what’s changed?

MMR on it’s first anniversary This weekend brings up the first year of trading under the mortgage market review. So what affect has the review had on the market and on options for mortgage borrowers? Expected changes following MMR When the final details of the MMR were announced in 2013 we identified two major changes […]

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88 days until the Mortgage Market Review

88 days until the Mortgage Market Review

88 days to go to MMR We are now 88 days from the changes to the Financial Services and Markets Act (2000) coming into force as the result of the Mortgage Market Review – 12 weeks from the biggest legislative changes in the mortgage market since 2004. But what does this mean for the borrower? […]

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Dispatches C4 and dealing with Estate Agents

Dispatches C4 and dealing with Estate Agents

What to watch out for with Estate Agents Dispatches on Channel 4 this week put the spotlight on bad practice from Estate Agents with regard to pressurised selling of mortgage services. This is an issue we discussed in our dealing with estate agents blog earlier this year. The programme highlighted the practice of pressurising buyers […]

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