Archive | February, 2010

Price war could be good news for contractor mortgages

Could we be about to see a mortgage pricing war? Data provider Moneyfacts says that we can now choose from 2,003 mortgages, the largest amount available since the end of 2008.

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Contractors to literally go shopping for mortgages?

According to reports, Tesco is branching out into the real estate market, prompting questions whether they will also soon offer contractor mortgages.

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Fear of new slump in contractor mortgage market

The lack of recovery in the housing market in the UK is having a knock-on effect on developers and members of the RCIS.

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Urge to avoid damaging buy to let mortgage regulation

Over the coming months, the FSA will be setting its final rules for the mortgage market and the CML is hoping that this will not include regulations for the buy-to-let industry.

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Remove our support and the housing market may collapse, warn lenders

The Council of Mortgage Lenders is getting concerned that its members might run out of money.

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Movements in market, but no great new for contractors with mortgages

House prices in the United Kingdom rose by 0.6 percent in January, a seventh straight monthly gain, but are unlikely to increase much more this year according to the Halifax.

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Fears that funding gap could affect contractor mortgages

The Council of Mortgage Lenders is warning that Mortgage providers face a £300bn shortfall in the amount they will be able to lend which will not be filled by savers’ deposits. The funding gap is currently being filled by government schemes, but these will end in 2014.

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Mortgages for contractors must have fair regulations

The Building Societies Association has warned that borrowers could find it difficult to remortgage in the future if the FSA takes a heavy handed approach in the current mortgage market review.

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