Alliance & Leicester has revealed that nearly a quarter of parents in the UK can’t afford to buy their own properties and instead rely on renting or living with their own parents.
- Top trends
Portman is offering its customers fast-track fixed-quote conveyancing services through direct access to London & European’s complete panel management solution for both purchases and remortgages.David Enoch, associate director, Portman Direct, says: “Our customers want to move into their new home or rearrange their mortgage as quickly as possible. “By using L&E’s COMPLETE panel management solution, […]
The Council of Mortgage Lenders says it is not surprised by the decision by the Bank of England to raise interest rates from 4.75% to 5%.Michael Coogan, director general CML, says: “Financial markets have been anticipating a rise in interest rates since the last one in August, so today’s news should come as no surprise […]
First-time buyers could be facing a grim future, as new research from Stroud & Swindon shows first-time buyers could be forced to pay £1m for their first home in just under 18 years. Worrying research from the society shows that if house prices and incomes continue to follow the current growth trend, first-time buyers will […]
MoneyExpert.com research shows that nearly a third of lenders offer maximum mortgage terms of 40 years or more. Lenders only offering maximum mortgage terms of 25 years are being replaced by long-term offers. Only 23% of the 126 mortgage lenders and products analysed by MoneyExpert.com limit maximum terms for mortgages to 25 years.Tesco is offering […]
Health Shield has strengthened its position in the cash plan market, according to the latest Laing & Buisson report, increasing its market share by income from £27m in 2012 to £29m in 2013. The Health Cover UK Market Report 2014 revealed that the non-profit-making Friendly Society was the only provider in the top four to have increased its market share by income over the past year. Health Shield was also the only cash plan provider in the top four to have increased its market share by income every year for the previous five years. This infographic presents the figures.
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