L&G sees equity release sales overtake annuities
Legal & General (L&G) has seen the number of equity release sales overtake annuities in the past six months, while the provider reported, “minimal disruption” from the uncertainty caused by the EU Referendum.
L&G sold equity release products worth more than £200m in the first half of 2016, amounting to more than its total sales of the products in the whole of last year when it entered the market. Continue reading →
Mortgages for a Woolaway Bungalows
Are you thinking of buying a Woolaway bungalow? but need finance, but worried you cannot get a mortgage as it is built with concrete panels. Continue reading →
Average house costs record 8.8 times earnings
The average property in England and Wales cost a record 8.8 times average local earnings last year, new official figures show. Continue reading →
Limited company mortgages beat buy-to-let tax crackdown
More than 100 mortgages are available for landlords who buy properties through a limited company, allowing them to retain current levels of tax relief. Continue reading →
A new day for bridging regulation
During the recession, bridging lenders stepped forward and provided real alternatives to struggling borrowers on whom the banks shut the door. Continue reading →
Bank of England Maintains Bank Rate at 0.5%
It’s become very difficult to gauge when the base rate will start to increase, and expectations from the experts tend to change each time the Bank of England makes an announcement or comments on this. Continue reading →
Coventry launches 90% LTV range from 3.95%
Coventry Intermediaries announces the launch of a 90% LTV residential range, with its Flexx for Term and fixed rate options and out today.
The range includes: Continue reading →
Can I find a better equity release deal ?
My mother took out an equity release loan in January 2005 for £200,000 at 7pc interest with Northern Rock (now Papillio). The property was valued at £900,000 and is now worth over £1m. The equity release value is now at £350,000 and going up all the time. Continue reading →
The cheap mortgage deals lenders don’t advertise
Forget two and five-year fixes – there’s now a cheaper option
Three-year fixed mortgage rates have fallen to new lows, making them cheaper than the typical two and five-year deals that are heavily promoted by lenders. Continue reading →
Buy-to-let profitability remains strong
Buy-to-let landlords continue to enjoy strong profitability thanks to rising property prices, figures from The Model Works have shown. Continue reading →