Category: Mortgages

What will an increase in the bank rate mean for borrowing?

This month, the Bank of England indicated that it may soon raise the interest rate. If this happens, it will affect people or businesses that borrow money. An increase in

How do the new affordability rules work?

New affordability rules come into force on September 30, and apply to landlords who already have four or more mortgaged properties when they apply for a new mortgage.

The new rules do not apply to

Could loophole save couples’ stamp duty charges?

If someone buys a second home, they normally have to pay 3% stamp duty, but a legal loophole may have been found that could save couples paying this. According to an

Number of buy-to-let mortgages surges

There are now 1,725 different buy-to-let commercial mortgages available from a large number of lenders. This is the highest number since late 2007, almost 10 years ago, when 1,942 buy-to-let mortgage products were available. These figures were announced by the website MoneyFacts in September 2017. At the beginning of 2017, there was a notable fall...

Commercial property market remains resilient

Though there have been many recent challenges, the commercial property market shows signs of being resilient, says an article published at iii.co.uk. Following the Brexit vote, funds that

Tropical hurricanes highlight the need for commercial insurance

The tropical storms that have devastated areas of the Caribbean, Texas, and Florida are affecting the US mortgage commercial mortgage market, a September 2017 FT.com article has suggested. Many of the

Demand for commercial property rises from buy-to-let landlords

The Royal Institute of Chartered Surveyors has reported that demand for commercial property in the UK has risen in 2017, according to an August 2017 article. Some of the increased demand for

Could we be set for a buy-to-let mortgage war?

Due to increased stamp duty and cuts to the tax relief on commercial mortgage interest payments, there has been less demand for buy-to-let mortgages, which has caused some lenders to

Over £11bn invested in London commercial property this year

Estate agents Savills has revealed that £2.3 billion was invested in the London commercial property market in July 2017, bringing the total invested this year to

Harvey storm puts commercial properties at risk

The Harvey tropical storm has highlighted the impact that flooding can have on commercial properties. Many commercial properties in