Lloyds breaks first time buyer mortgage deadlock
Lloyds is offering a new deal for first-time buyers that allows parents or friends to use their savings as a guarantee against a default. The bank is offering to lend…
Tag: borrowers
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Warning to buy-to-let borrowers
The (RLA) is warning buy-to-let investors that lenders may try to change their borrowing rates as property values fall. The RLA says some mortgage agreements allow lenders to alter their…
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The âticking timebombâ of repossession
Millions of homeowners with mortgages set to expire in the coming year will be forced on to standard variable rates, increasing the risk of a jump in repossessions, analysts warn.…
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Recession hits older borrowers hardest
Borrowers over 45 have been hit by rising unemployment and falling house prices, and declaring themselves bankrupt at the highest rate of any other age group. Accountants Wilkins Kennedy found…
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Some borrowers better off than others
Borrowers with tracker or variable rate mortgages have benefited from a 17 per cent fall in the cost of owning a home in the past year. However, everyone else including…
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First-time buyers offered new deal
Lender Britannia has boosted the mortgage market after introducing a new home loan offering 90 per cent loan to value. Available from today, the two-year fixed rate mortgage requires only…