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Mortgages

Mortgage lending from parents up 30%

Bank of mum and dad now ninth largest homes lender

Property for sale

Parents have become the ninth biggest mortgage lender with expectations that they will provide their children..

More societies increase limit

Nationwide extends lending age limit to 85

Nationwide has become the latest lender to extend its time limit on mortgages to older applicants. Britain’s biggest building society is increasing the maximum lending age by 10 years to 85 fromRead More

As supermarket group profits fall...

Sainsbury’s Bank unveils plan to launch mortgages

Sainsbury's Bank hq

Sainsbury’s Bank is to introduce mortgages on the back of strong growth in the business, it emerged today. READ MORE

Bank of Mum and Dad ‘now a top ten lender’

Property for sale

The ‘Bank of Mum and Dad’ will this year lend more than £5 billion to help their children get on the housing ladder and become a top ten UK lender.. READ MORE

Property remains popular asset

Buy-to-let still seen as key investment option

To let

Purchasing a buy-to-let property is still a popular prospect for those looking to manage their finances, despite a new tax being introduced from 1 April, according to agents at ESPC. READ MORE

New ISA is a step forward but ‘more needed’

Help to Buy ISAs are a step in the right direction, but much more must be done to help ‘Generation Rent’ take their first step on the property ladder, saysRead More

FCA draws line under scandal

Regulator to impose deadline on PPI claims

Financial Conduct Authority

The financial services industry regulator intends to impose a 2018 deadline for borrowers to claim compensation for being mis-sold payment protection insurance (PPI). There have been calls for a time limitRead More

Regulators concern over prices

Buy-to-let landlords face tighter borrowing

To let

Buy-to-let landlords face restrictions on their borrowing ability amid concerns that they may be destabilising the economy. The Bank of England’s powerful finance policy committee said it is concerned about the rapidRead More

Crisis looming in years ahead

1m homebuyers struggling with interest-only mortgages

Almost a million homeowners will struggle to pay off their mortgages because they took out interest-only loans, according to Citizens Advice. It means they will be face a huge bill to payRead More

Buyers offered new cheap loans

Mortgage with less than 1% interest opens new price war

Homebuyers are benefiting from the cheapest mortgages on record as lenders battle for customers with rock bottom rates. Chelsea Building Society is now offering a mortgage with a 0.98% repayment,Read More

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