Barclays says it may have to limit applications again on some days in order to manage service. Barclays plc has warned brokers that is a British multinational investment bank and financial services company. The lender says it is facing challenges as a result of the volume of changes by other lenders. The director of Barclays…
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First-time buyers are facing a mortgage crunch as Britain’s biggest banks axe low deposit loans. The top lenders have axed loans for deposits of 10% or less for the first time ever. They took this step after receiving uncountable applications from wealthy families attempting to take advantage of the stamp duty holiday. Actually, wealthier people…
HSBC has cut the rates on its two and five year fixed rate mortgage deals at 60% loan-to-value (LTV). HSBC is one of the biggest mortgage lenders in the UK. Reducing rates will be welcome news to mortgage borrowers.The bank has cut rates on six products. These products include a mix of fixed and term…
The government is planning to extend the Help to Buy scheme due to purchase delays caused by the pandemic. Delays in UK housebuilding caused by the pandemic have forced the government to consider to extend its help-to-buy scheme. The chancellor is considering whether to back a proposal supported by the housing minister, Robert Jenrick and…