Brexit concerns outweigh Covid-19 for those looking to retire abroad

“Almost half (46%) of over 50s who are planning on moving abroad when they retire are reconsidering where they might retire to due to Brexit, with a further 44% claiming the uncertainty is making them reconsider their plans altogether. When it comes to Covid-19 concerns, these figures are 39% and 37% respectively.” https://www.financialreporter.co.uk/later-life/brexit-concerns-outweigh-covid-19-for-those-looking-to-retire-abroad.html read more

Mansfield Building Society launches in Scotland.

Mansfield Building Society has launched its residential mortgage proposition - including its prime residential, self-build, retirement interest-only and Versatility products - in Scotland. https://www.financialreporter.co.uk/mortgages/mansfield-bs-launches-in-scotland.html read more

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

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

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

Newly-built homes will have to last at least 2,000 years if the sluggish rate of house building continues

The LGA, which represents local authorities in England and Wales, said that the failure to build enough homes for decades meant existing properties will have to house more people and last for much longer. This has led to the country spending nearly as much on the repair and maintenance of existing homes as it does building new ones. Cllr Judith Blake, LGA Housing spokesperson, said: “Our country’s failure to build enough homes over the past few decades is putting huge pressure on our existing housing read more