May then went on to say that the cap on how much councils can borrow against their housing revenue account assets in order to build houses “doesn’t make sense,” before adding: “today I can announce that we are scrapping that cap.” https://www.mortgagestrategy.co.uk/may-announces-end-to-council-borrowing-cap/ Do we really have a housing shortage in Scotland? Rates are low, you only need a 5% deposit and there are plenty of terraces and flats on the market so, can someone tell me where the shortage is??????
This is news that all landlords need to know. Please read https://www.mortgagesolutions.co.uk/news/2018/09/25/landlords-income-1000-exempt-tax-return-obligation-hm-revenue-customs/?utm_source=customsell&utm_medium=email&utm_campaign=ms-house-advert-2509-final-send-1537892038
I have never been a fan of Help to Buy but the article below explain, eloquently, more reasons why it is not a good idea. https://www.mortgagesolutions.co.uk/news/2018/09/18/help-buy-skewed-housing-market-needs-targeted-cochrane/?utm_source=customsell&utm_medium=email&utm_campaign=ms-house-advert-1809-1537265992
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/