Breaking news
Mortgages needing 10 per cent deposits are continuing to return to the market, in a welcome move for first-time buyers. Lenders have launched 117 new products since the beginning of the year, and 29 in the first two weeks of February alone, according to information website Moneyfacts. These lower-deposit mortgages are popular with first-time buyers, … Read more
SpaceX is accepting pre-orders from the public for its Starlink satellite internet. The Elon Musk-owned firm announced potential customers can enter their service address on its website and place a $99 deposit, which covers the first month of usage. Users opting in have received messages saying SpaceX is ‘targeting coverage in your area in mid to … Read more
Metro Bank, Nationwide and Barclays have all dropped the interest rates on their 10 per cent deposit mortgages, which are popular with first-time buyers – but rates are still higher than pre-pandemic
Santander has become the latest lender to impose harsher restrictions on self-employed borrowers, excluding them from its lower-deposit mortgage deals. The bank has said that new self-employed customers will only be offered mortgages to cover a maximum of 60 per cent of a property’s value. That means self-employed first-time buyers and most home movers will … Read more
HSBC next to bring back 10% deposit mortgages, joining raft of other major lenders including Coventry and Lloyds The lender will reinstate its 90% loan-to-value deals as of next week It follows similar moves from other banks such as NatWest and Halifax HSBC is yet to announce rates, but its competitors have set them fairly … Read more
Venmo, the increasingly popular mobile payment app, has just announced a new check-cashing service. Offered to select US users on Monday, the Cash a Check option can be used to cash printed, payroll and U.S. government checks without visiting a bank, including the latest stimulus checks. There is a fee attached to the service, though … Read more
Aspiring homeowners with low deposits had a torrid year in 2020, as deals vanished from the market and rates shot up. However, experts have now said there are reasons for optimism in 2021 as lenders return to the market. According to figures released by comparison site Moneyfacts, there are now around 160 deals available for … Read more
Tony Hetherington is Financial Mail on Sunday’s ace investigator, fighting readers corners, revealing the truth that lies behind closed doors and winning victories for those who have been left out-of-pocket. Find out how to contact him below. Ms A.H. writes: My partner and I booked a wedding reception for 60 guests at Pembroke Lodge in … Read more
Age of the 20% deposit dawns: Misery for first-time buyers as mortgage firms demand a FIFTH of price of new home – while existing owners enjoy boom in sales thanks stamp duty freeze More than 300 mortgage deals for borrowers with 15 per cent deposit are axed Not one high street bank offered mortgages for … Read more
First-time buyers forced to scramble for mortgages as one bank launches a 90% mortgage this morning but says it will pull it at 5pm TODAY TSB is the latest bank to offer small deposit mortgages for a limited time The lender released a 90 per cent loan-to-value deal for one day only, before pulling it … Read more