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In 2016, 42% of mortgage loans for homes were issued to first-time buyers
EFFECTIVE IMMEDIATELY!!! Stamp duty is being abolished for first time buyers on homes costing £300,000 or less or on the first £300,000 of purchases up to £500,000.
A figure by itself doesn’t tell you the full story but there is no denying that many people are happy to see mortgage approvals on the rise.
April 1st, 2018 should be a date circled on every landlord’s calendar. This is when the new minimum energy efficiency standards come into force.
It is tougher than ever to be a buy-to-let landlord these days – with a combination of draconian tax changes and increasing regulation making it an increasingly challenging landscape.
The Bank of England’s Monetary Policy Committee (MPC) today announced that the Bank of England base rate will remain unchanged at 0.5%. Over the past few weeks, expectation of an imminent rate hike had been dampened by poor economic growth and uncertainty over Brexit – culminating in this week’s decision to put off a rise for at least another month. Here, we explain how the base rate works, and look at how it affects your mortgage deal and savings accounts.
The Bank of England decide to lift base rate for only second time in a decade. How will interest rate rise affect mortgages, savings and property?