Category: Residential Mortgages
February mortgage lending was 30% higher than the same month last year on a gross basis, Council of Mortgage Lenders figures have found.
The Office for Budget Responsibility has predicted interest rates will not rise until 2019 and could even fall.
Newcastle Intermediaries has signed a deal to distribute its buy-to-let mortgage range through Legal & General Mortgage Club on a limited basis.
Alanzo Seville, mortgage adviser at Capricorn Financial Consultancy, runs through the Budget from a mortgage adviser’s view.
The Building Societies Association has criticised the government’s failure to address a potential loophole in the Starter Homes Initiative which could see first-time buyers profit unfairly.
Paula Higgins, chief executive of the HomeOwners Alliance, believes that some of the government’s Budget changes today will help homeowners but there are others which will harm.
The government’s Homes and Communities Agency will partner with local authorities across the UK to fund so-called ‘starter home’ developments.
The government is to review its provision of money guidance with plans to abolish the Money Advice Service, The Pensions Advisory Service and the brand new Pension Wise service.
Commercial stamp duty has been reformed from a slab to tiered structure, Chancellor George Osborne has announced in today’s Budget.