Six-year interest rate low boosts equity release and housing market
Equity release products are still regarded as a bit dubious by many people but things are gradually changing. The main problem with any analysis like this is taking it seriously.
Very few economists firecast the financial crash, house price falls, economic problems, low interest rates or recovery and growth in employment. So attaching any great weight to any forecasts could be seen as a bit hopeful. Perhaps concentrating on the here and now and ensuring investments/business plans are viable now and onwards is the key. So don’t buy to let or even buy assuming interest rates will stay low and house prices continue to rise.
frangrlrun
Labour housing policy trashed by industry panel – BTL debate
Excuse my ignorance but surely landlords dictate the market rent and if all landlords are forced into ensuring that their initial rental is sufficient to cover both the 3 year period and the fees that agents cannot charge the tenant (and so will be passed to the landlord) then that in itself will drive market rent upwards.
sharky
Help to Buy 2 needs replacement, say mortgage lenders
The scheme has only used 4.5% of the guarantees available – £5.9bn mortgages versus £130bn over the life of the scheme – 57% of loans are at sub £150,000 average price. Why turn it off? – it could run for another 20 years at the current run rate.
Richard D
Saffron extends contractor mortgage to 90% LTV
This is great news for advisers like ourselves who focus on freelancers and contractors.
Although their criteria states a minimum of 6 months must be remaining on the contract, they’re flexible. For instance, we had a contractor with only one month remaining but he was able to provide evidence that his contract was going to be extended for a further 6 months. An exception was given.
Another great feature of Saffron is that they place no restrictions on minimum income/contract rate or type of contracting work.
Well done Saffron
John Yerou
Help to Buy 2 needs replacement, say mortgage lenders
You could equally argue that the take up has been so poor, do we actually need it anyway?
Good Mortgage Man
