It’s our fault. Just a few weeks after praising Santander for being a proactive, sensible, well thought through lender, this.With effect from midnight on Thursday, all Santander mortgages with a loan to value over 50% will HAVE to be set up on a repayment basis....
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...
Assessment of the mortgage market for buy to let going into the new year…...
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...
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...
According to this weekends FT, banks are now labelling as many as 2 million home owners as ‘mortgage prisoners’.Buyers who purchased a property during the mid-2000′s when high loan to value mortgages were offered to borrowers with minimal credit histories, are unable to refinance their...
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...
Post this morning from the Editor of City AM.http://www.cityam.com/news-and-analysis/allister-heath/why-buying-property-no-panaceaActually reveals some interesting data over extended period of time. Having said that sources showing how equities have outperformed other indices always tend to be Fund Mangers or the like.The author does eventually mention the power of...
The mind boggles. Big brother is watching you! Reminds me of a story about the national Pub chain (no names no names, but you can eat and drink and still have change from a fiver…) where it is apparently corporate policy to serve parents with...