Tens of thousands of first-time buyers have been forced to borrow cash from friends and family, or delay their house purchase, because of a major flaw with the Help To Buy Isa. The Government scheme allows people to make an initial deposit of £1,200 and save £200 a month thereafter. They then receive a 25 […]
Mortgage rates for borrowers who have previously suffered financial setbacks have fallen in the past six months. The average two-year fixed rate for a homeowner who has defaulted on a debt or received County Court Judgments (CCJ) is 4.36 per cent, down from 4.49 per cent in October, according to Moneyfacts. On a typical £150,000 […]
An auction house offering new consumer goods has seen a surge in popularity, as a new generation of younger bidders chases bargains going under the hammer online. John Pye Auctions is one of the biggest auction houses in Britain and has seen tremendous growth in the past couple of years as interest in online bidding has […]
Older borrowers stuck on interest-only mortgages have been offered what could become a lifeline by Britain’s biggest building society Nationwide. The lender is the first major mortgage provider in the UK to launch a retirement interest-only mortgage, initially allowing its existing customers to extend their interest-only loans well into retirement. Retirement interest-only mortgages are a […]
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