Fears surface for first-time buyers as lenders pull low-deposit mortgage deals

Will the first rung of the housing ladder soon be off limits? Fears surface for first-time buyers as lenders pull low-deposit mortgages from the shelves Experts are worried first-time buyers may soon be priced out of the market There are now just 51 deals for buyers with a 10 per cent deposit to choose from   Mortgage … Read more

Mortgage blow as banks apply loans squeeze

Mortgage borrowers dealt another blow as two major banks heavily restrict how much they will lend to homebuyers Barclays has limited loans to just 4.49 times someone’s income – down from five-and-a-half times previously  NatWest also quietly reduced the amount some customers can borrow  By Samantha Partington For The Daily Mail Published: 21:51 BST, 6 … Read more

How an offset mortgage can beat pitiful savings rates

Starved savers struggling to find a decent return may be better off using their cash to reduce their mortgage bills instead. Savings rates have hit a record low after halving during lockdown, with all the big banks now paying out just 0.01 per cent on easy-access accounts. Anyone seeking a home for a sizeable sum … Read more

Offsetting your mortgage will save you more than you’d earn with banks

Starved savers struggling to find a decent return may be better off using their cash to reduce their mortgage bills instead. Savings rates have hit a record low after halving during lockdown, with all the big banks now paying out just 0.01 per cent on easy-access accounts. Anyone seeking a home for a sizeable sum … Read more

Mortgage approvals rise closer to pre-Covid levels

The number of mortgages handed out to homebuyers soared by 40% last month to near pre-covid levels as the housing market continues its recovery from the coronavirus pandemic. Mortgages approvals for house purchase reached 66,300 in July, up 40 per cent from 39,900 in June and just below the 67,300 recorded in July 2019, the latest … Read more

Australian actress Adelaide Kane claims she’s not in ‘crippling debt’ but has a MORTGAGE

Australian actress Adelaide Kane claims she’s not in ‘crippling debt’ but has a MORTGAGE – after revealing how she blew most of her $5million earnings on massive costs By Chloe-lee Longhetti and J. Peterson For Daily Mail Australia Published: 07:41 BST, 27 August 2020 | Updated: 07:41 BST, 27 August 2020 She’s the Australian actress … Read more

First-time buyers and families are facing chaos when applying for a mortgage

MORTGAGE MAYHEM: First-time buyers and families craving more space after lockdown are facing chaos when applying for a mortgage Demand soars as first-time buyers apply for mortgages after stamp duty cut But mortgage firms are hiking rates and axing deals amid tide of applications  Kelly Nixon nearly missed out on her first home in Washington, … Read more

Baillie Gifford’s Scottish Mortgage Investment Trust soars

The tech tartan: Edinburgh-based Baillie Gifford’s Scottish Mortgage Investment Trust soars 79% in just one year By Anne Ashworth For The Daily Mail Published: 21:50 BST, 21 August 2020 | Updated: 21:50 BST, 21 August 2020 Next month the longlist for the prestigious Baillie Gifford 2020 non-fiction book prize will be announced.  Other fund managers … Read more

Lloyds ends Lend a Hand no-deposit ‘family mortgage’ deal

New blow for first-time buyers as Lloyds axes popular ‘family mortgage’ deal that allowed purchasers with no deposit to get on housing ladder The bank has stopped accepting new applications for its Lend a Hand mortgage   First-time buyers as 95 per cent of loan to value deals disappear from the market  Conditions on those deals … Read more

New study finds 80% of older borrowers are turned away when they apply for a mortgage

A staggering eight in 10 borrowers over 55 who expect to be able to renew their mortgage are being turned down by mortgage lenders, This is Money can reveal.  A study carried out by broker Retirement Mortgage Service over the past year found that more than 30,000 retired borrowers got in touch with their advisers, with … Read more