HSBC sets aside £3 billion to help first time buyers in 2012

, 27 January 2012

People looking for a contractor mortgage may want to consider visiting HSBC after the bank announced it planned to make a minimum of £15 billion available to UK homeowners this year. £3 billion of this pot will be set aside specifically for first time buyers.

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More first time buyer mortgages but they have a short shelf life

, 26 January 2012

In the last 12 months, the number of available contractor mortgages has increased from 2,527 to 3,180. We’ve even seen some 95% LTV loans creeping into the market, but there are still not enough of them to satisfy first time buyer demand.

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HSBC’s lifetime tracker mortgage is among the best buys

, 25 January 2012

Although the Bank of England has held the base rate at a historic low of 0.5% for almost three years, contractor mortgage rates have been increasing recently as lenders fear a double dip recession.

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Scottish borrowers benefit from cheap contractor mortgages

, 24 January 2012

According to a new study, first time buyers in Scotland pay a lower proportion of their earnings towards their contractor mortgage repayments.

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Increasing number of people pessimistic about housing market

, 23 January 2012

Confidence in the British housing market is the lowest it has been for over a year as fewer contractor mortgage holders expect to see house prices increase in the next few months.

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Are contractor mortgage holders becoming reluctant landlords?

, 20 January 2012

According to ARLA, an increasing number of householders are putting their homes up for rent because they are unable to sell them.

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Sellers need to set realistic house prices and not be greedy

, 19 January 2012

According to the Royal Institution of Chartered Surveyors, house sellers are becoming greedy and asking unrealistic prices.

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Ireland is propping up the global house prices league table

, 18 January 2012

Contractor mortgage seekers will be aware that house prices throughout the world have been affected by the global economic crisis but while people in the UK may think they’re suffering badly, things are even worse in countries like Ireland and Spain.

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Are first time buyers going the way of the Dodo?

, 17 January 2012

Whilst first time buyers have not yet fared quite as badly as the Dodo, in some parts of the UK they are increasingly becoming an endangered species.

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Buy to let lenders are the winners in mortgage famine

, 16 January 2012

Buy to let residential property investors are emerging as winners as the mortgage famine forces more and more people into renting rather than buying.

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Contractor mortgage seekers may struggle this year

, 13 January 2012

The Bank of England had some distressing news for contractor mortgage seekers last week when it said that it was about to get harder to obtain a home loan.

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First time buyers reminded that stamp duty holiday ends on March 24th

, 12 January 2012

Bellway homes, the UK house builder, has reminded first time buyers that the stamp duty holiday on new homes is about to end.

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