Business is down for broker

Looks like a slightly lower business levels is explained in this article. Broker produce over 70% of the mortgage business so, why are people not moving? https://www.mortgagestrategy.co.uk/broker-business-volumes-lowest-in-over-two-years-imla/ read more

May will allow councils to build more house by raising cap

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?????? read more

Help to buy! Is it really helping???

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 read more

We became homeowners 12000 years ago

This a good article that talks about increased house prices and the need to look way back into our pass https://www.telegraph.co.uk/personal-banking/mortgages/humans-became-homeowners-12000-years-ago-time-return-nomadic/ 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

First time buyers outstrip home movers since 1995

This is a good article. http://www.financialreporter.co.uk/finance-news/first-time-buyers-outstrip-homemovers-for-first-time-since-1995.html I have noticed that home movers are reluctant to move until they have found the perfect home. In the past they would list there property and then go find a new house. Not anymore. This makes for a shortage in the house market. Perhaps people are choosing to stay put. read more

FCA preparing for risk of NO-DEAL BREXIT

This article (please read) states that it will be business as usual for all financial intuition to conduct transaction if we have a hard line approach with leaving the EU. http://www.financialreporter.co.uk/finance-news/fca-preparing-for-cliff-edge-risks-of-no-deal-brexit.html read more

Expert says “Bank of England base rate unlikely to raise over 2%”

Sir John Cunliffe stated that the Bank of England base could be below 2% for the next 30 years. http://www.mortgagesolutions.co.uk/news/2018/07/13/bank-england-base-rate-stay-2-30-years/?utm_source=customsell&utm_medium=email&utm_campaign=msol-mai-house-ad-1307-1531495622 Could this be true? With the amount of debit people are accumulating it makes since to keep rates low in order to avoid a financial collapse but what happens when the debit becomes to overwhelming? Something to ponder read more