It may appear a bizarre concept on the surface, but student BTL mortgages do exist, the idea being that with a ‘student mortgage’ you purchase a property with no down payment and earn money by renting it out to your friends. Only because it is technically possible...
Stamp Duty Changes Result in Major Decline in Mortgage Approvals
The partial withdrawal of the stamp duty holiday did little to quell the appetites of those still looking to make the best of the remaining incentive; for those who act fast, there is still the opportunity to make considerable savings by sidestepping stamp duty...
Mortgage Applications Still High Despite Stamp Duty Holiday Expiry
From the moment the temporary stamp duty holiday was announced, everyone expected a major post-holiday slowdown. It seemed inevitable that the moment an incentive was withdrawn, mortgage application volumes would take a nosedive. What happened was nothing of the sort;...
Exactly How Much Did Boris Johnson Borrow to Refurbish His Downing Street Flat?
It is no secret that Boris Johnson chose a rather questionable time to refurbish his luxury London flat. While most people across the UK were struggling to make ends meet, the Prime Minister raised eyebrows by spending a small fortune on predominantly unnecessary...
High Street Mortgage Rates Hit New Sub-1% Low as Competition Heats Up
The mortgage battle being fought by the UK’s biggest lenders is heating up, with advertised rates having dipped as low as 0.83% with some banks. There are now numerous deals being advertised with introductory rates of less than 0.9%, with HSBC having broken its own...
Mortgage Payers Advised to Switch to Save Thousands
Experts are advising homeowners approaching the end of their two-year fixed-rate periods to consider switching to a new deal rather than automatically transitioning to their lender’s SVR (standard variable rate). According to Moneyfacts.co.uk, the average mortgage...
New Campaign Seeks to Support Rejected Mortgage Applicants
Major high-street banks are being urged to offer more support to mortgage applicants whose applications are likely to be rejected. A new initiative called “Thanks for Nothing” has been launched by specialist mortgage platform with the aim of preventing rejected...
UK Bridging Sector Maintains Momentum Throughout Q2
The UK’s bridging finance sector held steady throughout Q2, achieving modest growth on Q1’s impressive overall performance. According to the latest Bridging Trends report from MT Finance, total bridging activity during the second quarter increased to £146.5 million...