Lenders are starting to offer so-called ‘green mortgages’ to reward energy-efficient homeowners with cheap rates Virgin Money and Nationwide have launched green-linked schemes for homes By Money Mail Reporter For The Daily Mail Published: 11:43 BST, 3 June 2021 | Updated: 11:43 BST, 3 June 2021 Lenders are beginning to offer so-called ‘green mortgages’ to … Read more
First-time buyers will be able to get Government-backed mortgages with deposits of just 5 per cent from five major banks and building societies from today. The scheme, which is also open to current homeowners, was first announced in the Budget and will see lenders advance 95 per cent of the purchase price on homes worth … Read more
The Government has announced a plan to guarantee mortgages with five per cent deposits, encouraging banks to lend to those with smaller savings pots. In today’s Budget, Chancellor Rishi Sunak confirmed that the Government would back the home loans, which will be available on homes costing up to £600,000. The scheme will begin in April … Read more
Lenders are beginning to reduce interest rates on 10 per cent deposit mortgages, as more products return to the market. This week, Metro Bank cut the rate for its 90 per cent loan-to-value, five-year fixed rate mortgages by 0.4 percentage points. New mortgages are now being offered at 3.59 per cent, while those looking to … Read more
Santander has become the latest lender to impose harsher restrictions on self-employed borrowers, excluding them from its lower-deposit mortgage deals. The bank has said that new self-employed customers will only be offered mortgages to cover a maximum of 60 per cent of a property’s value. That means self-employed first-time buyers and most home movers will … Read more
HSBC next to bring back 10% deposit mortgages, joining raft of other major lenders including Coventry and Lloyds The lender will reinstate its 90% loan-to-value deals as of next week It follows similar moves from other banks such as NatWest and Halifax HSBC is yet to announce rates, but its competitors have set them fairly … Read more
Mortgage lenders turn against self-employed workers even if they have healthy incomes By Miles Dilworth For The Daily Mail Published: 22:00 GMT, 15 December 2020 | Updated: 22:00 GMT, 15 December 2020 Self-employed workers with healthy incomes are having mortgage applications unfairly rejected, experts warn. Banks are imposing stricter checks on anyone who works for … Read more
Investors in the money as watchdog lifts bank dividends ban after lenders post better-than-expected profits By Lucy White For The Daily Mail Published: 21:51 GMT, 10 December 2020 | Updated: 21:59 GMT, 10 December 2020 Investors in UK banks will be breathing a sigh of relief after the regulator lifted its ban on dividends. The … Read more
Millions of self-employed workers, already facing the blight of Covid-19, are receiving harsher treatment from mortgage lenders compared to salaried employees. Self-employed borrowers are being asked for bigger deposits, additional paperwork, with some lenders lowering the amounts they can borrow and subjecting them to longer waiting times with more frequent and rigorous questioning. There are … Read more
Property market panic as lenders slash thousands of pounds from value of homes, sparking fears a surge of buyers will pull out Data shows the average asking price for a home soared to £323,530 in October Came as sellers cashed in on unprecedented demand during stamp duty holiday But almost half now being told their property … Read more