Interest rates on the rise?

An emerging topic in today’s market is mortgage rates and their impeding rise. Undoubtedly, the Fed’s will hike short term rates this year. The million dollar question is— how many times? There are a litany of data points that go into the Fed’s decision and rate movements. For instance, the Consumer Price Index, Producer Price Index, Non-Farm Payroll report, Housing Starts, GDP, FOMC Meeting Minutes, Consumer Sentiment, Builder Sentiment, reports and speaking engagements. The bigger…

read more

New Tax Year brings changes for Landlords & Buy To Let Mortgages

The new tax year is underway and the first stage of changes to landlord’s income and tax regimes are now in effect. As a reminder below these are the changes that have been implemented so far :- April 2016 – 3% Stamp Duty Land Tax surcharge on additional properties – paid by anyone with more than one property January 2017 – Lenders tightened their criteria for Buy To Let properties which included minimum interest coverage…

read more

5 Year Fixed Priced at 2 Year Rates! Atom Bank Start Price Disruption

Atom bank is offering customers the chance to lock into a 5 year fixed rate mortgage at the same rates as their current 2 year products, starting at just 1.29%. This revolutionary move of aligning rates across short and longer term fixed rate mortgages will enable customers to fix one of their most significant monthly outgoings at a lower rate for longer. For a limited time from Wednesday 12th April, all new mortgage customers will…

read more

Election & Mortgage Rate Fever!

We laughed during the Scottish Referendum, we cried during the Brexit vote and now, just when you thought it was safe to walk past your local polling station without a second glance, that little booth where you put your crosses is back – and this time it’s personal. People care about this issue unless you’re on the level of Deion Sanders total worth or Nick Cannon career earnings, which most people do not of course. Yes, Theresa…

read more

Bank of Mum & Dad is 9th Biggest Lender!

The big news today is around a new report by Legal & General which found that the Bank of Mum and Dad contributes 26% of funds to the UK housing market. This is set to be a stunning £6.5 billion this year which, if the Bank of Mum & Dad were an actual bank, would make them the 9th biggest lender on a par with Yorkshire Building Society. To most of us active in the…

read more