Mortgage Advice Bureau, Landmark Information Group and Simplify issued a four-step plan to the government to get the housing sector operating after lifting the Covid-19 lockdown. The three firms have together written to the housing secretary, Robert Jenrick, to detail how the government can quickly get the sector operating again and critically, bridge the…
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Mortgage approvals for house purchase fell to 56,200 in March, says Bank of England. It is the lowest level since March 2013, according to the latest Money and Credit statistics from BoE. The analysis found that the rate on new variable-rate mortgage borrowing fell by 17 basis points in March. However, the cost of fixed-rate…
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…
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…