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First Time Buyers Archive
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What the papers say – 24th – 25th March 2012
The Financial Times and Independent on Sunday reported this weekend on further restrictions to lending criteria. Nationwide and Coventry Building Societies have become the latest lenders to restrict interest-only borrowing to 50% of the property value, and experts suggested that it will be increasingly hard for other mortgage providers to keep their current policies. Borrowers [...] -
What the papers say – 17th – 18th March 2012
The Government NewBuy scheme was the talk of the financial press this weekend, and reaction was definitely mixed. Under NewBuy, the taxpayer and housebuilders provide security for new build properties worth up to £500k, which acts as an indemnity for the mortgage lender in case of future repossession. Borrowers require a deposit of as little [...] -
What the papers say – 10th – 14th March 2012
Last week marked the third anniversary of the Bank of England dropping base rate to 0.50%, but the financial press this week has turned to news of Clydesdale and Yorkshire Banks joining the list of lenders increasing their Standard Variable Rates. Brokers suggested that while these announcements will not necessarily result in a wave of [...]
