No more fears over JAPANESE Knotweed

Major university states that Japanese Knotweed does no more damage than trees http://www.mortgagesolutions.co.uk/news/2018/07/10/lenders-urged-overhaul-japanese-knotweed-policies-research-discovers-limited-structural-impact/?utm_source=customsell&utm_medium=email&utm_campaign=msol-house-advert-mai-first-send-1007-1531216353 The research confirms that banks need to drop the silly notion that this plant will cause major structural damage to a home that they have a mortgage on. Lets hope the lenders will change read more

Purple Brick looses a crap load of cash

Interested in online estate agency? Read this https://www.mortgagestrategy.co.uk/purplebricks-announces-further-losses-despite-revenue-growth/ Looks like Purple brick could be the next Amazon or could be another tragic on line business that could not pull a profit with cheap fee DIY estate agency. Time will tell. read more

An average of 12.2% of all UK property stays on the market for 6 months or more

An average of 12.2% of property that is for sale has been on the market for 6 months or more This is an interesting article https://www.mortgagestrategy.co.uk/survey-finds-12-5-uk-properties-market-6-months-longer/ It says that despite what we are experiencing in Lanarkshire some area of the market is still sluggish in sales. London is one of the worst with 22% of house still on the market for ½ a year or more. I would love to see a break down, flats vs house showing which type of property is on the market read more

Treasury keen to include rental payment on credit reports

I have just read an article saying that the treasury is keen to include rental payment on credit scoring websites like Experian, Call Credit and Equifax. The article goes on to say that minsters are discussing this issue and are keen to put through a motion for good tenets to increase their credit profile and possible be home owners in the future. Read here if you are interested in the article read more

80% of all mortgage business coming from Brokers

Intermediaries are growing their share of the mortgage market and improving the quality of cases submitted. However, lenders are increasing their investment in direct to consumer digital technology propositions despite these improvements in the broker market. And a growing number of lenders see making offers within one day as their “holy grail”. Branch sales drop According to research by IRESS, half of the 21 lenders it questioned offer, or are about to offer, a digital self-service proposition, where current read more

Bank are charging higher mortgage fees. SURPRISE SURPRISE!!!

Despite mortgage rates continuing to fall, fees on fixed rate mortgages are rapidly increasing and are now approaching a four-year high, according to Moneyfacts research. The average fixed rate fee now stands at £1,018, reaching its highest point since August 2013 when average fees then dipped to £1,005. Since the summer of 2013 fees steadily fell, averaging at £886 in July 2014 before climbing back to £929 in July 2015 and £986 in July last year. Charlotte Nelson, Finance Expert at Moneyfacts, said: “With read more

If you are renting out you home without permission READ THIS!

Bank and building societies are taking a keener interest in whether borrowers are renting out properties without their permission, Telegraph Money has learned. This involves further quizzing of borrowers at the mortgage application stage as well as on-going scrutiny to check, for instance, whether borrowers continue to live in the mortgaged property. Several lenders are reported to be going even further and adopting data-sifting techniques like those used by HMRC to spot tax-evasion. This involves trawling the read more

UK rents fall for the first time in over 8 years

UK rents fell by -0.3% in the year to May – the first time there has been an annual reduction in eight years, HomeLet’s May Rental Index has found. Rents in London have fallen by -3% in that time, followed by the North East (-2.3%) and Scotland (-1.9%). Rents have risen by the most in the East Midlands (3.3%), North West (2.2%) and the South West (2.1%). London rents fall for first time in eight years Martin Totty, chief executive officer of HomeLet, said: “May 2017 saw average rents nationally fall for the read more

House prices predicted to increase

The 6.1 per cent growth has been forecast by Barclays Bank, who also say buy to let investors and high net worth millennial investors will lead the boost. Barclays also predict property hotspots will emerge in the north of England thanks to employment opportunities and business start-up rates which will help close the gap on the current property hubs of London and the south-east. The report predicts the UK property market will remain buoyant with prices set to rise by an average of 6.1 per cent by 2021, despite an read more