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Bank of England raises UK interest rates

August 02, 2018  |   Blog,Uncategorized   |     |   0 Comment

The UK interest rate rises to 0.75% the highest level since March 2009

Redwood Bank launches new mortgage offering

August 29, 2017  |   Blog,Uncategorized   |     |   0 Comment

A new bank has opened its doors. Redwood Bank is offering a cloud-based infrastructure which will be the first of its kind from a banking point of view. The bank will have its headquarters in Letchworth and Warrington Borough Council will have a 33% stake in the company. Another bank adding its mortgages to the mix can only be good news, enabling a more competitive market place for mortgage shoppers.    

BTL Investors ‘Piling into Market’ says Rightmove

March 20, 2013  |   Uncategorized   |     |   0 Comment

Asking prices for properties new to the market have shot up to hit an all-time record high for March, boosted by buy-to-let investors “piling into the market”. Rightmove said this morning that the average new asking price is £239,710 – 1.7% higher than last month and just beating the previous record in March 2008 of £239,655. Asking prices are now 1.2% higher than this time last year, and compare with the lowest March asking price of £218,081 ...

Remortgaging Activity Rose Almost 20% in February

March 20, 2013  |   Uncategorized   |     |   0 Comment

A fall of over 0.5% in average fixed rates under the Funding for Lending Scheme (FLS) helped to boost remortgaging activity last month, according to February’s National Mortgage Index from Mortgage Advice Bureau (MAB) – the UK ’s leading independent mortgage broker. The highest average remortgage loan to value (LTV) recorded since January 2009 coincided with a 17% monthly increase in applications, according to MAB. Using data from more than 500 brokers and 800 estate agents, the National ...

Nationwide Lending up by 40%

March 20, 2013  |   Uncategorized   |     |   0 Comment

Nationwide Building Society has accelerating its mortgage lending by more than 40% as it works towards its pledge of housing an additional 750,000 people by 2017. Figures for 2011 and 2012 have revealed that the society increased its gross lending from £12.1bn in 2011 to just over £17bn in 2012. Nationwide’s statistics also revealed that it had increased its lending by £3.6bn whilst borrowing £2bn from the Funding for Lending Scheme.

Lloyds may net £400m in St James’s stake sale

March 11, 2013  |   Uncategorized   |     |   0 Comment

The sale will bolster Lloyds’ capital levels just weeks before regulators are due to publish a report on the health of Britain’s largest banks, which is expected to show capital shortfalls on the balance sheets of some lenders. Lloyds said it would retain a 37% holding in St James's Place, but that following the sale it would no longer consolidate the business’s financial results into its own accounts. Selling the 102m shares is expected to bring in ...

Ex-Premier League ace sets up buy-to-let property academy

March 05, 2013  |   Uncategorized   |     |   0 Comment

Former Premier League footballer Robbie Fowler has launched a property academy for buy-to-let investors to learn the tricks of the trade. The former Liverpool star built a property portfolio across the North West during his long playing career and is thought to have over 80 properties which he rents out. Fowler's portfolio largely consists of terraced houses and the former striker is said to be worth £28m. The size of his property empire led Manchester City fans to ...

More lenders cut mortgage rates

March 04, 2013  |   Uncategorized   |     |   0 Comment

BM Solutions, Accord and Leeds and Cambridge building societies have become the latest lenders to cut the rates on their mortgages. Cambridge Building Society has reduced its rates by up to 0.7 of a percentage point for purchases and by 0.95 of a percentage point on a number of its remortgage deals. The largest cut is to the two-year fixed rate at 90pc loan-to-value (LTV) which has been cut by 0.7 of a percentage point from 5.19pc ...

Home prices are on the way back past pre-crisis peak, says forecast

March 04, 2013  |   Uncategorized   |     |   0 Comment

Quarterly Housing Prospects report predicts that average home price will climb to £219,000 this year. House prices will reach and surpass their pre-crisis peak next year. The claim is published in a report today by economic forecaster CEBR which says a typical house price will top £223,000 in 2014. The quarterly Housing Prospects report also predicts that the average home price – based on figures published by the Office of National Statistics - will climb to £219,000 ...

Will Cameron and Osborne cave to pressure over mansion tax?

February 11, 2013  |   Blog,Uncategorized   |     |   0 Comment

At the Conservative party conference in October, prime minister David Cameron and chancellor George Osborne were emphatic - there will be no mansion tax. Osborne warned against “clobbering” people who lived in expensive homes, while Cameron said simply it is “not going to happen”. Osborne repeated his robust opposition in the autumn statement in December. A mansion tax is the Lib Dem policy for a 1 per cent annual levy on residential property worth more than ...


  • Our new Remortgage.. Thank you for all you help Kevin this really has been a smooth service for both Steve and myself. Stephen & Sue Clifford

  • Great thanks for all your help over the past few months it has been vital to me getting this house so thank you Kevin. B Hine  ...

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