Nationwide one of Britain’s biggest mortgage lenders has decided to triple the minimum deposit for first-time buyers. From Thursday it will withdraw all its new loan deals where the first-time buyer only puts up a 5% deposit and set a new minimum deposit of 15%. Nationwide revealed it was making the move to protect new…
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Halifax, HSBC, NatWest and Virgin Money have all updated their lending policies. They are changing their mortgage rates. Virgin Money has increased mortgage rates by up to 0.49% on 2, 3, and 5-year fixes to 90% LTV with a £995 fee, while there also increased to its 7-year and 10-year fixes. NatWest is also making…
The FCA has extended mortgage payment holidays further for three more months. The customers struggling to pay their mortgage due to coronavirus will be able to extend their payment holidays for three more months or start making reduced payments, the financial regulator has confirmed today. The firms will give support to mortgage customers who are…
UK residential property transactions in April hit their lowest monthly level since comparable records began in 2005, new figures showed on Thursday. There were 38,060 transactions in April, according to provisional numbers from HM Revenue and Customs (HMRC). This was less than half the level seen in the same month last year, the BBC reported….