More people are taking out home loans in later life, according to figures from UK Finance There has been a sharp increase in the number of people taking out mortgages in later life as more people continue to work after pension age, data has revealed. There were 35,840 new loans to people over the age
MANY homeowners aged 55 and over might find they have a high proportion of their wealth locked in the value of their property. For those looking to make their lifestyle more comfortable, accessing this value, known as equity release, could help. But could you access the cash tied up in your home? Read on to
Mortgage prisoners who have their mortgages with Landmark have been informed these will be sold on to Bloom Homeloans at the end of the week. In a letter sent to customers, seen by FT Adviser, Landmark Mortgages informed mortgage prisoners that it has agreed to transfer a portfolio of loans to Bloom Homeloans, a trading
It is widely expected that there will be a 0.25 percentage point cut at the Bank of England’s first Monetary Policy Committee of the year The Bank of England is expected to cut interest rates from 4.75 per cent to 4.5 per cent when its Monetary Policy Committee (MPC) meets on Thursday. The MPC can
Zoopla has named its ‘most promising’ property markets for 2025, with Scotland and the north of England dominating the list. The portal analysed prices, affordability and sale times across the UK, before naming the areas where it expects to see house prices rise this year. Read on to see if your town made the list,
A MAJOR shake up to mortgage rules could help first time buyers get on the property ladder more easily. Banks could be encouraged to offer more loans to people with smaller deposits and loosen limits on how much they can borrow. 1 It is understood that financial regulators are looking at ways to relax mortgage
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