Money and Houses
May 03, 2016
On Friday, the UKs second largest buy to let lender severely restricted their policy for buy to let clients, increasing their minimum deposit requirements and rental coverage requirements. The move by The Mortgage Works, part of Nationwide Building Society, is in direct response to recent proposed...
Offset Mortgages
April 29, 2016
An offset mortgage is linked to one or several savings accounts set up by the lender. Each month, your mortgage lender calculates the interest you owe based on the total amount you have borrowed but with an offset mortgage , this total amount is reduced by the amount held in the linked accounts. So...
Halifax
April 26, 2016
Contractor friendly lender Halifax has announced the re-launch of its cash back incentive for first time buyers. In June 2015 our clients received £135,800 in just one month under a similar scheme, and the latest incarnation is set to be as lucrative for contractors. Under the new scheme...
Brexit
April 19, 2016
With the UK set to vote on its future involvement in the European Union, the Bank of England’s Monetary Policy Committee (the MPC) have raised concerns that an exit could lead to an increase in mortgage rates. An assessment published by the Treasury yesterday cited: “For mortgage rates, the...
London Property Prices
April 13, 2016
After making revisions to its data pertaining to UK property values, it appears that the Office for National Statistics had greatly overestimated the value of property in the capital. Property prices in London have now been dramatically reduced by as much as £27,000 over one month, as statistical...
Bluestone Mortgages
April 12, 2016
Contractor Financials are delighted to announce the launch of a new contractor friendly lender. Backed by Australian Macquaire Bank and the private equity arm of Lloyds Banking Group, the new lender Bluestone Mortgages, will provide a range of products to support contractors who don’t fit the...
Couple with Advisor
April 08, 2016
Mortgage products for two and three year fixed rates fell to an all-time low in February and brokers now have access to a larger than ever product section, according to new research. The Bank of England are now seemingly unlikely to adjust rates in the immediate future backed by a unanimous...
Relevant Life Insurance
April 06, 2016
For many contractors, the cost of paying yourselves is almost certain to increase from April 6th, with the new tax limits around dividends likely to effect the majority of the nation’s freelancers. That means the true cost of many goods and services is also going to increase, something that is...
Leeds Building Society
April 04, 2016
Contractor friendly lender Leeds Building Society have today loosened their interest only policy for contractors and launched a competitive range of products to compliment the new criteria in a bid to gain more traction within the contractor market. Under the new scheme, contractors will be able to...
House Prices
April 04, 2016
The average cost of a UK home surpassed the £200,000 mark in March, according to the latest Nationwide house price index. The report shows that house price growth rose to 5.7% in March, taking the average house price to £200,251. “This is the strongest pace since February 2015 up from 4.8% the...

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