On Wednesday, chancellor Rishi Sunak announced an increase in of £500,000 in the threshold for property stamp duty relief in England and Northern Ireland. The general reaction to the news among the mortgage industry was positive, with the hope that the decision will get the market moving quickly after months of struggles amid the Coronavirus…
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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…
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….