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First-time buyers hit as HSBC pulls 90% mortgages amid worries that a surge in applications would ‘put property purchases at risk’ HSBC will temporarily suspend deals for borrowers with a 10 per cent deposit Most lenders pulled these deals earlier this year due to reduced staff numbers As of this morning there were just 62 … Read more
First-time buyers with a 10 per cent deposit have more mortgage options after Virgin Money unveiled four 90 per cent deals fixed for seven or 10 years. However, the deals have some restrictive elements. Firstly, buyers must fix for seven or 10 years – much longer than most fixed rates which last two or five years … Read more
Mortgage rates may be about to get more expensive despite unprecedented measures from the Bank of England designed to keep them low. Brokers say a ‘perfect storm’ of issues indicate that mortgage rates, which are currently still at historical lows, may soon rise as the coronavirus lockdown ravages many households’ finances. At the same time, … Read more
Boost for first-time buyers as lenders bring back mortgages for borrowers with a 10% deposit By Miles Dilworth For The Daily Mail Published: 22:01 BST, 21 July 2020 | Updated: 23:05 BST, 21 July 2020 Lenders are bringing back mortgages for borrowers with a 10 per cent deposit in a boost for first-time buyers. Nationwide … Read more
Mortgages plunge to cheapest on record: Average rates on two-year fixed deals fall below 2% By James Salmon for the Daily Mail Published: 21:50 BST, 13 July 2020 | Updated: 21:50 BST, 13 July 2020 Mortgages are at their cheapest on record with average rates on a popular two-year fix falling below 2 per cent. … Read more
Is the mortgage freeze starting to thaw? Nationwide and Coventry BS bring back small deposit deals after stamp duty cut gives the property market a boost Nationwide and Coventry set to reintroduce 90% loan-to-value deals Most low deposit deals were cut in the wake of the coronavirus lockdown This comes as experts predict housing market … Read more
Nationwide mortgage customers will now need minimum 15% deposits in bid to stop them slipping into negative equity if house prices plummet Step from building society applies to house purchase loans and re-mortgages It may come as a blow to first-time buyers, who often have small amounts saved Existing mortgage customers will still be able … Read more
Watchdog warns banks to treat their customers fairly as they hike the cost of mortgages but slash savings rates By Daily Mail City & Finance Reporter Published: 21:51 BST, 9 April 2020 | Updated: 22:04 BST, 9 April 2020 Interim FCA boss Chris Woolard said he is looking into concerns that banks are not passing … Read more
Banks pull half of their mortgages in just over three weeks in biggest cull since the last financial crisis By Miles Dilworth For The Daily Mail Published: 22:01 BST, 7 April 2020 | Updated: 22:01 BST, 7 April 2020 Banks have cut half of their mortgage products in just over three weeks in the biggest … Read more
Fury as Halifax stops offering mortgages to buyers without 40 per cent deposits and Government advises people to delay completion dates as housing market is ‘virtually suspended’ amid coronavirus crisis Buyers urged to postpone moving in as the Government says not to move house Banks had lobbied ministers for a full freeze on the property … Read more