News

March 13th, 2013

This week a motion presented to the House of Commons by Labour MP’s, to introduce a mansion tax on high value UK properties, was defeated after voting concluded. The mooted plan to introduce a new levy on properties ... Read More

March 7th, 2013

The Bank of England have again maintained the base rate at 0.5%, now making it 4 years of record low rates in the UK.

Another positive trend that has continued in the mortgage ... Read More

March 6th, 2013

HM Revenue and Customs are to begin enforcing heavy tax fines on current and historically undeclared profits from the sales of second homes and buy to let properties. As part of the proposed penalties, HMRC will offer leni... Read More

February 27th, 2013

A market survey carried out by financial resource website Moneyfacts, states that fixed rates are at the lowest levels since the product type’s inception in 1989. On average, it is now possible to secure a fixed rate... Read More

February 21st, 2013

As part of new plans to be unveiled during the Liberal Democrats spring party conference, Vince Cable was questioned this week on the news that the party are considering championing a super tax on second property holders. ... Read More

February 12th, 2013

It has been revealed today that the Treasury is in initial talks with mortgage lenders and banking trade groups to try and implement an acceptable process for wide-spread lending at 95 per cent loan to value. The formation... Read More

February 7th, 2013

The Bank of England have again decided to maintain the status quo with the underlying rate of interest in the UK, as well as pausing with any further economic stimulus via quantitative easing. The economy continues to show... Read More

February 1st, 2013

New figures from the Bank of England show that UK mortgage approvals have risen to the highest level in almost one year, suggesting that the government’s Funding for Lending Scheme is fulfilling its goals of boosting... Read More

January 29th, 2013

Over the past 12 months, the introduction of the government and Bank of England’s Funding for Lending scheme has attributed to steady drops in mortgage rates across the market. It’s perhaps too early to say tha... Read More