moneymortgageshome

Metro Bank sells off a third of its mortgage book to NatWest: What’s behind the move and how does it affect customers? The challenger bank has sold a third of its residential mortgages to NatWest Around 13,000 loans will be transferred across in the next 18 months Metro Bank says ‘nothing changes at the moment’ … Read more

Almost a third of home buyers would abandon their purchase if they missed the 31 March deadline for taking advantage of the Government’s stamp duty holiday, according to a new survey. The survey asked 1,000 people who were currently in the process of buying a home whether they would continue with their purchase if the … Read more

Almost a third of home buyers would abandon their purchase if they missed the 31 March deadline for taking advantage of the Government’s stamp duty holiday, according to a new survey. The survey asked 1,000 people who were currently in the process of buying a home whether they would continue with their purchase if the … Read more

Can you get a mortgage on furlough? Lenders are tightening the screws but if you know where to look, it is possible Searches for furlough-friendly mortgages were up 230% in November  Many lenders shunning furloughed workers unless they have returned to work But there are still options available, say mortgage advisers  By Ed Magnus For … Read more

First-time buyer boost: NatWest joins growing list of lenders relaunching mortgages needing 10% deposits that were pulled in the Covid-19 pandemic Four new products available at NatWest and Royal Bank of Scotland  The two and five-year fixed term deals will require a 10% deposit  They are open to both first-time buyers and home movers   Yorkshire … Read more

The surge in house prices saw the average property in Britain reach a record high of £245,000 in October, as buyers race to complete transactions ahead of the stamp duty holiday on 31 March 2021. Property prices rose by 5.4 per cent, or £19,000, in the year to October, up from a 4.3 per cent … Read more

Mortgage lenders turn against self-employed workers even if they have healthy incomes By Miles Dilworth For The Daily Mail Published: 22:00 GMT, 15 December 2020 | Updated: 22:36 GMT, 15 December 2020 Self-employed workers with healthy incomes are having mortgage applications unfairly rejected, experts warn. Banks are imposing stricter checks on anyone who works for … Read more

Building society bosses plead with government to ‘taper’ stamp duty holiday for those with approved mortgages Government temporarily increased the nil rate band of residential stamp duty in England and Northern Ireland from £125,000 to £500,000 The ‘holiday’ is due to end on 31 March 2021 Building Society bosses say this will have a ‘damaging … Read more

Halifax will pay off the mortgage of 10 customers next month in a prize draw: What do you need to do to take part? Halifax offers a monthly prize draw that pays off a home loan The competition launched in November 2018 and relaunched in May this year In January, it will pay off 10 … Read more

House prices are forecast to keep on climbing next year in spite of Brexit, the Covid crisis and whether or not the Government extends the stamp duty holiday, a property portal has claimed.  Rightmove said asking prices rose almost 7 per cent this year and predicts a further 4 per cent increase in 2021. It … Read more