The FCA has set out new proposals to enhance support for mortgage borrowers affected by Covid-19. The regulator sets out new proposals due to increasing restrictions announced in recent weeks. The FCA is planning to extend the availability of payment deferrals to support borrowers experiencing payment difficulties. This will mean that those who: have not…
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Newcastle Intermediaries has extended its joint mortgage sole proprietor(JMSP) product. They have refreshed its Joint Mortgage Sole Proprietor range to include a five year fixed rate product. The product allows family members to help relative to own their home by allowing them to jointly apply for a mortgage to boost the occupying borrower’s income. Newcastle…
Newcastle Intermediaries has recently launched a range of 85% LTV mortgages. The deals have rates which start at 2.85% and there are no product fees on selected products. The products in the range are available to first-time buyers, home movers and remortgage customers. A two-year fix at 2.85% (5.3% APRC) is available at a max…
Boris Johnson has announced a 5% mortgage deposits plan for first-time buyers to transform “generation rent” into “generation buy”. Speaking at the Conservative Party Conference, he promised that the plan would create 2 million more owner-occupiers in the UK. The pledge was one of a series of ambitious promises in the prime minister’s speech to…