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PMS launches two-year deals starting at 3.45%

PMS is launching two discounted rate deals through Hinckley & Rugby Building Society. The first is a two-year deal at 3.45% at up to 80% LTV and the second is a two-year deal at 3.95% at up to 85% LTV.

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Interest-only rules will exclude many quality borrowers

So Lloyds Banking Group is no longer offering borrowers an interest-only repayment method if they are borrowing more than £500,000. (Mortgage Strategy Online). Picture this scenario – a middle-aged couple with four children sell their current property and have £1.5m cash. They want a new property for £2m so they would like a £500,000 interest-only […]

Average UK rents up by 0.6% in April

The average rent in the UK rose by 0.6% to £663 per month in April, 2.2% higher than a year ago, according to the latest Buy-to-Let Index from LSL Property Services, which owns the UK’s largest lettings agent network, including national chains Your Move and Reeds Rains.

Seeing BoI pretend to be the Post Office makes me feel sick

Regarding your story that the Post Office is launching a new range of mortgages (Mortgage Strategy Online), every time I see Bank of Ireland pretending to be the Post Office I feel rather sick. This is the lender that claimed to be deleveraging from the UK when the market most needed funds and the one […]

Budget summary – March 2016

This week’s Budget looked as if it would be a difficult one for the Chancellor, with disappointing economic numbers and the need to avoid ruffling feathers ahead of June’s in/out referendum. Nevertheless, Mr Osborne did spring a few surprises, including some tax reductions. So how does this budget affect you? If you are – or […]

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