From time to time you discover something new. This week we learnt two facts that have been effecting and will effect mortgage processing in the future.Firstly – the information that Credit Agencies can disclose to lenders is about to change. To date (as far as...
One of the side effects of an exciting recession is the plethora of government reports and inquiries into our misdeeds. Isn’t it amazing how much naughtiness everyone can get away with in the good times only for it all to catch up with up later?MPs,...
Santander this week launched into the UK buy to let market. This is great and exciting news.Firstly it re-enforces the message that the UK property market is a safe place to invest and to lend into. Santander obviously are eyeing up some profits and good...
With impending European gloom and bank stocks bumping along the bottom – things don’t look great right now.The 2008 crisis saw UK lenders hammered and it’s quite possible Credit Crunch mark II is arriving swiftly.At that time, those who acted before the disasters unfolded reaped...
Have you had a look at London property prices and the rental yields recently? I did last week and was surprised by the results (although I shouldn’t have been). The reason I did look was due to the surge in buy to let applications that...
After two years of banks of miserly funding for first time buyers, rates have dropped recently to seemingly more competitive levels.The days of requiring a 20% deposit even before a bank would talk to you are slowly disappearing.Barclays (Woolwich) this week launched a 90%, 3yr...
Attempts by property purchasers to buy property and avoid paying Stamp Duty Land Tax have been on the rise in recent years and all over the news in recent days.A quick google search for the terms throws up quite a lot of discussion and also...
It’s really important to develop a good relationship with your estate agent.Not only can good relations just make the whole house buying process so much more enjoyable, but lots of the best properties will never even get onto the open market!This video contains some useful...
After consistently improving lending conditions this year, we are seeing the first signs of things getting worse.If history does repeat itself, it seems a sure bet that when Europe and its banks collapse (any time very soon), then this will have an impact on UK...
People ask us “how is business?” all the time. Our stock answer lately has been “Never a dull moment – but not necessarily for the right reasons!”. It seems like we might be saying this a bit more very soon.We don’t claim for a moment...