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One in 10 buy with cash

Just 13% of the three million people planning to buy property between February and July claim they won’t need a mortgage, research from mform.co.uk reveals. The vast majority will be downsizing and plan to spend or invest the remaining equity in their homes.

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Lib Dems slam Council Tax review

The Liberal Democrat Party has slammed the government after figures released showed that the average Council Tax for a band D property will increase by 4.2% next year.Andrew Stunell MP, shadow local government secretary of the Liberal Democrats, says: “Theres nothing stealthy about Council Tax, especially at a time when mortgage payments and the cost […]

Borrowers opt for shorter term deals, says IF

Term reduction has become a key aspiration for mortgage holders, research by Intelligent Finance shows.IF says almost three quarters of mortgage holders are wanting to reduce their mortgage term or increase their payments to reduce the balance over time.It also found that nearly a third of people say paying off their mortgage or monthly mortgage […]

New entrants must have new ideas

A number of high street lenders have recently publicised their intention to muscle in on the specialist and intermediary markets, launching product ranges and specialist divisions for this purpose.

Lib Dems slam equity release deals

The Liberal Democrats have slammed the equity release market as “not working” and called on the government to help create better products and standards.

Lifetime Isa – how it works

According to George Osborne “people like Isas – because they’re simple”. Fiona Tait is not convinced… Contributions & bonuses What he said: “From April 2017, anyone under the age of 40 will be able to open a Lifetime Isa and save up to £4,000 each year. And for every £4 you save, the Government will […]

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