Research from Linden Homes shows retirees are no longer downsizing purely for practical reasons, but rather to use the equity they have built up in their property to fund a new phase of life including holidays and college courses.
DB Mortgages has stepped up its presence in the sub-prime specialist market with several improvements to its lending criteria.The changes follow a review of criteria and feedback from the packager market. Mark Bergin, director of sales and marketing at DB Mortgages, says: We are rapidly becoming one of the main sub-prime lenders and implementing these […]
The Bank of England has indicated that interest rates do not need to rise significantly further in order to get inflation back inline with its 2% target. In its inflation report for November, the BoE predicted that although inflation is likely to continue to rise before the end of the year, the first half of […]
Around 10% of housing stock purchased at present is new-built and this is often bought prior to completion. This involves the purchaser assuming performance risk on both the contractor and developer.
The Liberal Democrat Party has warned that rising unemployment could result in more debt, arrears and repossessions. Recently published government figures show unemployment has reached a seven year high. Liberal Democrat shadow chancellor Vince Cable says: “These figures are seriously worrying and represent a trend of rising unemployment stretching back almost two years.“It means that […]
By Steve Webb, Director of Policy and External Communications Our latest policy paper reveals what the fall in the savings ratio does (and doesn’t) mean In June 2017, the Office for National Statistics published its estimates for the ‘savings ratio’ for the first quarter of 2017. This is essentially a measure of the percentage of […]
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