Nationwide is extending mortgage lending up to 85% LTV and launches two remortgage products. Nationwide is increasing the rates on its two, three and five-year fixed rates at 80% and 85% LTV by up to 0.25%. The Building Society is extending its mortgage lending through brokers and online up to 85% LTV from today. Two-year…
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The government is considering extending the Help to Buy scheme. The scheme will enable more people to take advantage of an equity loan to support them onto the property ladder. The Help to Buy scheme offers an equity loan to the first-time buyers and existing homeowners money to buy a newly-built home. Help to…
Newcastle Intermediaries has launched two fee-free remortgage deals with the option of cashback or free standard legal fee. Newcastle commits to supporting this market. They have created a very competitive range of products to further support borrower’s re-mortgaging needs. The deals are for the: Borrowers only requiring 60% loan-to-value(LTV) it is offering a two-year…
The biggest property companies of London have warned the chancellor of the risk to financial stability if banks and lenders do not urge to show flexibility towards landlords no longer receiving rent. The London Property Alliance(LPA) represents more than 420 property companies with interests in central London. According to LPA, the “survival prospects” of…