First time buyers could be affected by return of buy to let landlords
February 26, 2010
According to a recent report a rising number of lenders are starting to approve mortgage deals for buy to let borrowers following a rocky period when fewer and fewer of these deals were being approved. Read more
Many people will be leaving Halifax
February 22, 2010
The High Street banking giant Halifax has always enjoyed a healthy database of customers, but there is evidence to suggest that a huge number of customers may be leaving the bank because of changes that they have brought in with regards to how they charge for customers’ overdrafts. Read more
Building society hikes up rates for mortgage customers
February 20, 2010
A building society has recently announced that it is hiking up its standard variable interest rates for customers despite the fact that the base interest rate still stands at its all time low of just 0.5 percent. Read more
Mortgage approvals increased at the end of last year
February 18, 2010
According to recent figures the end of last year saw the level of mortgage approvals in the UK increase, although approval levels were still far lower than they were the previous year. Figures have been released by the UK’s major banks, and have shown that mortgage approval levels increase towards the end of last year, with nearly 46,000 loans for new home purchases being approved in December of 2009. Read more
Mortgage approvals double in twelve months
February 13, 2010
Recently released figures have shown that the level of mortgage approvals in the UK actually doubled in the twelve months to November of 2009. The figures were released recently by the Bank of England, and officials from the central bank have said that the increase in mortgage approvals over the twelve months period is a further sign of recovery in the property and mortgage markets. Read more
VAT rise saw High Streets bustling
February 5, 2010
The few days following Christmas have been extremely busy on the High Streets of the UK, and this is partly down to the fact that VAT is due to increase again from 1st January 2010, when it will go back up to 17.5 percent, having been reduced to 15 percent last year in order to try and aid the struggling economy. Read more