Almost all aspiring homeowners would redirect some of their student loan repayments into deposit savings if their debt was written off.
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Mortgage approvals fall as rates are rising
The mortgage market slumped during the summer with the number of approvals falling below the average for the previous six months, the Bank of England revealed today.
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5 hidden costs of buying a home
It’s not just the deposit you will need to consider when buying a home – there are other costs you will need to factor in too. Stephen Wards lists five likely – but often unexpected – expenses so you can budget ahead of time
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Remortgaging: Will I need another affordability check?
What’s involved in the remortgaging process and will you need to go through credit checks and other lender assessments? Darren Polson explains the options and what to expect
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Nationwide for Intermediaries to hike rates by up to 21bps
Nationwide for Intermediaries will increase fixed and tracker rates by up to 21bps from 30 September. This includes rates across the lender’s house purchase, existing customers, moving home, first-time buyer and remortgage products. Nationwide for Intermediaries will also increase rates on its switcher and additional…
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TSB and Virgin Money to raise rates again
TSB and Virgin Money are set to increase rates again. At TSB, the changes are to its product transfer rates and the biggest increase will be on its residential and buy-to-let one-year fixed rates, which will go up by 30bps on Thursday. Two and five-year…
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Seven in 10 young people say student loan stopping them from buying a home: OneFamily
Seven in 10 (70%) of young people aged 18 to 40 say their student loan makes it harder to save for a property deposit (equivalent to more than 1.5 million), OneFamily reveals. With both high rents and bills, as well as student loan repayments, OneFamily…
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Co-op cuts transfer window and Barclays tweaks charges
The Co-operative Bank for Intermediaries is shortening its product transfer window, while Barclays is improving the way it calculates fees for existing customers who are refinancing. Co-op says that from Friday, borrowers will be able to secure a new product transfer rate up to four…
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Almost nine in 10 landlords concerned about tax rises: Pegasus
The government should resist imposing further costs on landlords in the budget or risk adding to the financial pressure already facing tenants, says Pegasus Insight. With the Budget taking place on 28 October, the latest landlord trends research reveals widespread concern among landlords about the…
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Foundation and Kensington raise rates
Foundation and Kensington are the latest lenders to raise prices. The specialist lenders’ changes follow hikes of up to 30 basis points by Barclays, which took effect today. It comes as the average two-year fixed rate edged up to 5.93%, the highest point for more…
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