Mortgage approvals at highest level in 13 years
Mortgage approvals at highest level in 13 yearsWith Bank of England figures showing that 97,500 home loans were approved by lenders in October, UK mortgage approvals are now at the highest level since 2007. The Bank said approvals for home loans were more than 5,000 higher than in September and a third higher than in […]
90% home loans trickle back
First-time buyers’ hopes of getting on to the property ladder have been boosted as banks have started to relaunch 90% mortgages. Moneyfacts analysis shows that the number of 90% loans available fell from 779 in March to 56 at the start of November but with smaller lenders testing the water in recent weeks, larger lenders […]
Lenders approve mortgage holiday plan
Banks and building societies have agreed to allow six month mortgage holidays up until July 31, 2021, with the industry agreeing the move with the Financial Conduct Authority. Applications can be made until March 31. Borrowers who have used up their six-month allowance can apply for “tailored support” such as reduced payments.The Times, Page: 48