Financial scams target the over 45s
Friday 2nd of June 2017 The rise in technology has caused more than 1 million over-45 year olds to fall victim to online scams and left one in five feeling vulnerable. Research by Aviva has shown that 70% of people aged 45-64 interviewed as part of this research are willing to embrace new technology, including […]
Government announces three-month mortgage holiday in Covid-19 package
Thursday 26th of March 2020 You may be aware that on March 17, Chancellor Rishi Sunak confirmed that anyone struggling financially as a result of the Coronavirus outbreak will be able to take a three-month mortgage repayment holiday. A number of lenders had already announced repayment holidays for those affected by Covid-19, but the Government’s […]
Self-employed? Prioritise your pension
Thursday 14th of May 2020 Since the introduction of automatic enrolment, over 10 million eligible employees have been signed up to a workplace pension scheme. But for self-employed people, no such scheme exists, meaning that many of those who work for themselves are struggling to prioritise their pension. While there are many benefits to being […]
Spring Budget 2020
Thursday 14th of May 2020 Newly appointed Chancellor of the Exchequer, Rishi Sunak, delivered his first Budget on 11 March, against a backdrop of uncertainty following the COVID-19 outbreak and subsequent financial losses. It was the first of two Budgets to be delivered in 2020, with the second to follow in the autumn. COVID-19 and […]
Roma Finance
Thursday 14th of May 2020 Roma Finance has relaunched its bridging proposition with the introduction ofdesktop and automated valuation models (AVMs). The lender is offering up to 60 per cent loan to value (LTV) with a maximum loan of£500,000 and rates starting at 0.80 per cent a month. Roma Finance temporarily stopped accepting new applications […]
Precise Mortgages relaunch bridging and second charge loans with AVMs
Thursday 14th of May 2020 Precise Mortgages has relaunched bridging and second charge mortgage ranges supported by automated valuation models (AVMs). Each range is available up to 50 per cent loan to value (LTV). In a message posted on its website today, Precise said: “Following government restrictions introduced to prevent the spread of Covid-19, we’ve […]
More than 85% of BTL lenders remain in market
Thursday 14th of May 2020 More than 85 per cent of BTL lenders remain in marketby: Samantha Partington More than 85 per cent of buy-to-let lenders that were active at the beginning of March remain in the market but product choice is restricted, analysis from Mortgages for Business shows. Of the 49 buy-to-let lenders operating […]
HMO mortgages
Friday 15th of May 2020 A HMO mortgage is a specialist form of mortgage that is applicable to properties housing a certain number of tenants. They can be seen as a more complex form of mortgage and as a result, they are typically only offered by specialist mortgage lenders. What is a HMO property? A […]
Barclays restarts valuations and cuts rates
Friday 29th of May 2020 Barclays has restarted physical valuations and cut rates on selected residential mortgage deals. The bank said valuers will adhering to strict safety guidelines on all property visits. It will prioritise carrying out valuations on applications that were paused over the lockdown period. Barclays has made rate reductions of up to […]
Furlough Scheme Changes
Friday 29th of May 2020 Furlough scheme changes expected this week as 8.4m claim The government is planning changes to the furlough scheme which could stop companies from furloughing any more staff, according to reports. The reports came as latest figures from HM Treasury showed that 8.4 million workers were included in the government’s furlough […]