Under-fire Prime Minister bids to win back younger supporters by promising to create ‘Generation Buy’ with new low deposit mortgages Boris Johnson says his governments want young people to buy their own homes In an interview, he has pledged to create ‘Generation Buy’ to help young people The Conservative Party leader wants to use home … Read more
I had my mortgage approved but then learnt I will be made redundant: Do I have to tell the bank even though I’m confident I’ll find another job? By This Is Money Reporter Published: 07:48 BST, 1 October 2020 | Updated: 07:48 BST, 1 October 2020 I am in the middle of buying a home … Read more
Back in December, when most of us had never heard of coronavirus, our existing mortgage deal expired and it was time to find a new one. At the time, the Bank of England base rate — on which interest charges are based — had been steady at 0.75 per cent for over a year, having … Read more
A young family has been forced to rent out their home and borrow money from friends after being charged over €80,000 in early mortgage termination fees. British couple Justin and Annabelle Parfitt, reality TV stars turned property developers, bought an undeveloped loft in Berlin three years ago with the intention of fixing it up and … Read more
Month-long delay to get a mortgage blamed on home working at banks By Helen Cahill, Financial Mail On Sunday Published: 21:51 BST, 19 September 2020 | Updated: 21:51 BST, 19 September 2020 Home working by bank staff has been blamed for causing a massive backlog of mortgage applications that is hammering first-time buyers and delaying … Read more
Struggling to get a mortgage? Try a broker…or a small lender By Sarah Bridge, Financial Mail on Sunday Published: 21:51 BST, 19 September 2020 | Updated: 21:51 BST, 19 September 2020 It’s mayhem in the mortgage market at the moment due to a paperwork backlog at banks and pent-up demand from the lockdown. Lenders are … Read more
Age of the 20% deposit dawns: Misery for first-time buyers as mortgage firms demand a FIFTH of price of new home – while existing owners enjoy boom in sales thanks stamp duty freeze More than 300 mortgage deals for borrowers with 15 per cent deposit are axed Not one high street bank offered mortgages for … Read more
Mortgage lenders will continue to offer mortgage payment holidays to some financially vulnerable customers after the government scheme ends, the City watchdog has confirmed. While the scheme officially ends at the end of next month, the Financial Conduct Authority said that banks and building societies can continue to offer payment holidays for borrowers who need … Read more
Britain’s savers could soon be charged to hold money with their banks after the Bank of England left itself wide open to setting interest rates negative for the first time. The Bank of England base rate of interest, which influences how cheaply banks can borrow money, what homeowners pay for their mortgage and how much … Read more
First-time buyers scramble to secure ‘fire sale’ mortgages: TSB offers one-day 90% mortgage until 5pm TODAY TSB is the latest bank to offer small deposit mortgages for a limited time The lender released a 90 per cent loan-to-value deal for one day only, before pulling it after applications flooded in First-time buyers have seen their … Read more