Bank demanding you payoff your interest only mortgage?

I always wondered what would happen to all those endowment mortgages were customers cashed in their policies with cash rewards and didn't apply them to the loan? Now we have an answer. https://www.telegraph.co.uk/personal-banking/mortgages/banks-turn-equity-release-providers-bail-problem-interest-only/ read more

Is it hard to get a mortgage from a bank?

Planning to buy a home, or switch your existing mortgage? Prepare to answer a litany of questions, spend hours at the bank and endure forensic analysis of your daily spending habits. Even after jumping through all those hoops, success is not guaranteed, as there are now strict affordability rules that force lenders to ensure borrowers will be able to afford to pay their mortgage in the future. The main bulk of the current rules surrounding lending came into force in 2014 through the Mortgage Market Review, which read more

State loans for First time Buyers

This article goes on to say that the government should provide state loans so young people do not need to rent. https://www.theguardian.com/society/2018/jul/29/housing-renting-mortgages-loans-home-ownership-first-time-buyers?CMP=fb_gu The purposely seems to run in the same manor as student loans. I am not sure if this is a good idea. Where is the government getting the money? read more

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

How will you pay for RENT or a MORTGAGE in retirement??

This is a must read for all http://www.mortgagesolutions.co.uk/news/2018/07/09/one-seven-homeowners-expect-mortgage-70/?utm_source=customsell&utm_medium=email&utm_campaign=msol-house-advert-mai-first-send-0907-1531129070 1 in 4 of us can expect to be paying for a mortgage after we retire. This is a scary prospect as most of us will be earning much less than we currently earn while working. What about people who rent??? I think it would be foolish for us to think that the Government will provided enough benefits read more

Help to Buy re-mortgage. The sting in the tail.

Please read http://www.mortgagesolutions.co.uk/your-community/2018/06/27/help-buy-remortgages-none-big-players-innovative-enough-marketwatch/?utm_source=customsell&utm_medium=email&utm_campaign=msol-market-watch-1530107885 Although the industry professional interview broadly like Help to Buy I can say that trying to re-mortgage people away from this is nothing short of a nightmare. Even if the client has the equity to re-mortgage and clear the Help to Buy debit, the legal process is very slow as the Help to read more

Brokers are fed up with lenders last minute declines

A must read !!! http://www.mortgagesolutions.co.uk/news/2018/06/26/brokers-vent-frustration-lenders-change-minds-deals/?utm_source=customsell&utm_medium=email&utm_campaign=msol-editorial-2606-first-send-1530007829 The article states that there is a break down between the Business Development Managers and the underwriters that results in a case being turn down and the broker looking foolish. read more