It's now easier to get a mortgage on a zero hours contract as HSBC becomes the latest lender to relax the rules for those not in full-time work
Lloyds Banking Group today splashed out £3.8 billion on Tesco Bank’s mortgage book in a big bet on the UK economy holding up in the face of Brexit.
Negativity abounds in certain areas of the lettings market as the tenant fee ban comes into force in a few days time, but lenders in the Buy to Let mortgage arena either haven’t heard about the ban or they don’t think it will affect their customers.
Regulation chief says stricter rules could be imposed as price war threatens stability
Supermarket giant and consumer body say existing customers will not be affected for the time being
Tesco Bank is stopping new mortgage lending and is looking for ways to sell its existing mortgage portfolio.
Property prices in the UK could fall by 1.2% this year with Brexit and high levels of stamp duty affecting the housing markets but it could pick up once the Brexit situation is sorted out.
Older borrowers stuck on interest-only mortgages have been offered what could become a lifeline by Britain's biggest building society Nationwide.
It has officially become easier for millions of people in England and Wales to remortgage one year after the introduction of the first digital mortgage in the countries.
The bank, which has been opening new branches as established rivals cut back, revealed that hundreds of millions of pounds of commercial property loans and loans to commercial buy-to-let operators had been wrongly classified in risk terms, and should have been among its “risk-weighted assets” (RWAs).
A mixture of competitive deals and schemes, including Help to Buy, has been helping more first time buyers get onto the housing ladder in the UK, according to the latest mortgage lending figures.
A house in Mayfair that was sold for £19.175m in 2014 and put on the market this year at £25m has been sold - for just £15m.
Landlords association tells government to persuade banks to end practice by lenders representing 90% of market
Housing market affected by affordability, Brexit and uncertainty over interest rates
Banks became more cautious in mortgage lending in the third quarter of this year, and believe they will tolerate even less risk in the next three months.
UK Asset Resolution (UKAR), the holding company for Bradford & Bingley and Northern Rock, has sold a portfolio of equity release loans to Rothesay Life for £860m.
Banks remain "too big to fail" a decade on from Lehman Brothers' collapse, according to one of the world's main policy makers, sounding a warning days after Gordon Brown said the world is “in danger of sleepwalking" into a crisis.
Mark Carney says he set out to cabinet worst-case scenarios used in bank stress tests
Regulators overseeing Islamic banking must revise guidance on real estate exposures to align with the post-financial crisis capital rules of Basel III, a global industry body said on Sunday.
The UK looks set to face another 20 years of rock-bottom interest rates, Bank of England policymaker Ian McCafferty has said, a week after the central bank took its first steps in returning rates back to pre-financial crisis levels.
Opt in here