2 minutes
UK ministers are considering the benefits of 40-year fixed mortgages for first-time buyers who can't afford short-term mortgages. Long-term fixed-rate mortgages offer borrowers the chance to pay at one interest rate for the entire term of the loan ensuring buyers can afford their mortgage payments d
1 minute
The Bank of England is likely to relax affordability checks for first-time buyers following a review of market restrictions, according to reports. The tighter checks were introduced in 2014 as part of a series of measures aimed at preventing a repeat of the global financial crisis.
3 minutes
The UK Government has extended the maximum loan size available through the Coronavirus Large Business Interruption Loan Scheme (CLBILS) from £50 million to £200m. The move aims to ensure those large firms which do not qualify for the Bank of England’s COVID Corporate Financing Faci
3 minutes
Bank of England figures have shown that mortgage deals are at a two-year high due to lower bank rates. The figures have shown that approvals increased to 67,306 from 65,506 in June, the highest level since July 2017. They also indicated that mortgage lending rose by £4.6 billion, the biggest i
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