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E1 BTL FINANCE News |
Despite the fact that the UK mortgage market has been considered extremely challenging in the past 2 years, most borrowers simply do not realise that different lenders offer flexible approaches to mortgages loans; borrowers just need to decide what they... (Continue reading)
A report suggesting that Northern Rock’s business picked up followed formal government’s order to split the bank in two parts and sell its “good” assets. Bank’s management claimed that the restructuring proposed by the government is on the way and will... (Continue reading)
As the latest mortgage figures were published last week by the Bank of England, UK lenders faced severe criticism for profiteering from tracker rates. Mortgage brokers reported increased demand from borrowers for variable loans, while Bank of England’s data showed that... (Continue reading)
The latest overview of the British mortgage market revealed that most UK banks and building societies are starting to offer new deals for mortgage borrowers with low deposits. However, the increasing number of high loan-to-value mortgages does not mean that... (Continue reading)
According to the statement made yesterday by the House of Commons Treasury Select Committee, thousands of mortgage borrowers of the Northern Rock bank will have few or no financial options left as they will stay with the “bad bank” –... (Continue reading)
The Financial Services Authority (FSA) recently fined one of the largest lenders that came onto the UK mortgage market in 1998, GMAC-RFC, part of General Motors. The lender was ordered to pay £7.7 million plus interest to its borrowers and a... (Continue reading)
Today, on November 3rd, the Government will reveal the final details of the future of 3 UK banks that received state aid earlier this year: Northern Rock, Lloyds Banking Group, and Royal Bank of Scotland. Let us remind that the state... (Continue reading)
In its latest statement, one of the leading British building societies – Nationwide – reminded its potential borrowers and mortgage brokers that the deadline of the Stamp Duty Holiday is approaching, which means that those who still wish to benefit... (Continue reading)
Recently, the British Bankers Association (BBA) published its review of the UK mortgage market for September 2009, which revealed that the number of approved mortgage applications saw unprecedented rise. Having reached the level last seen in the beginning of 2008, the... (Continue reading)
Standard Life, Edinburgh-based asset management company that operates in various market segments such as insurance, investments, pensions, banking, etc. has recently announced that it sold its mortgage and savings division – Standard Life Bank – to Barclays. The deal was agreed... (Continue reading)
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