Hoskin Mortgages

Workers Struggle To Afford To Live In London

[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Workers Struggle To Afford To Live In London London workers pay up to 60% more on housing in order to live in the city they work than those living 1 hours travel away. Research by Lloyds Bank has found that for Londoners, living in the most central areas of the city adds […]

New Push To Grow The Interest-Only Mortgage Market

[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] New Push To Grow The Interest-Only Mortgage Market Leeds Building Society looks to widen the market for interest-only mortgages. The chief commercial officer of Leeds Building Society, Richard Fearon believes that mortgages that do not include repaying the capital value of a property have “become the domain of the wealthy”. He adds […]

Thousands trapped in Negative Equity

[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Hundreds Of Thousands Trapped In Negative Equity Due To Where They Live Homeowners in the north of England remain stuck with homes worth less than the value of their mortgage while London property prices surge ahead. According to the latest analysis by online estate agent House Simple, British homeowners are slowly escaping […]

A third of people expect to be paying mortgage into their retirement

[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] A third of people expect to be paying mortgage into their retirement A recent survey carried out by the Halifax has found that 1 in 3 people expect that they will have to work beyond the age of retirement to help pay off their mortgage. The survey interviewed over 8,100 people aged […]

Selling a Buy to Let Capital Gains Tax

[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Selling a Buy to Let Capital Gains Tax Selling an investment property triggers liability based on the increase in value of the asset during ownership, minus certain costs. Where you have lived in a property as your main home , for any point of your ownership, the period is discounted when calculating […]

Stress tests for buy-to-let mortgages

[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] The Bank of England is likely to introduce stress tests for buy-to-let mortgages, which will restrict the amount landlords can borrow, brokers have warned. It has been suggested that the Bank might look to use other tools other than interest rate rises to control the housing market without endangering growth in the […]

Could Mortgage Rates Fall Further???

[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Could Mortgage Rates Fall Further??? Mortgage rates could be set to fall further after the Bank of England suggested base rate could remain on hold throughout 2016. The BOE warned in its inflation report that the global growth outlook had weakened. The BOE indication that an increase in base rate may be […]

Say Goodbye to your Standard Variable Rate (SVR)

[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Say Goodbye to your Standard Variable Rate (SVR) Whilst many homeowners choose to re-mortgage as they reach the end of their current deal, many still opt for the flexibility of their lender’s Standard Variable Rate (SVR). Around 3.2 million residential mortgage accounts in the UK are on a SVR scheme – that’s […]

Older borrowers with interest-only loans

[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Older borrowers with interest-only loans using equity release to clear mortgage trebles The number of borrowers using equity release as a means of paying off an interest-only mortgage has trebled. Lenders have tightened up on their lending into retirement criteria over the past 2 years, possibly in prospect of the Mortgage Market […]

Interest Rates to Fix or Not To Fix

[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Interest Rates to Fix or Not To Fix The proportion of borrowers opting for fixed rate mortgages fell in September despite the market expecting base rate to increase within the next year. The proportion of purchase borrowers choosing to fix fell 2 per cent from September 2013’s average of 94 per cent. […]