The staggering extra cost threatens to tear another hole in household budgets at a time when many families are struggling due to the cost-of-living crisis.
The staggering extra cost threatens to tear another hole in household budgets at a time when many families are struggling due to the cost-of-living crisis.
A host of lenders have announced product withdrawals today, with one of the most eye-catching being Halifax Intermediaries’ latest update. The lender says that by the end of Tuesday 27 September, all products in its homebuyer range that charge a fee - including shared equity and green products - will be removed.
Brokers are calling for new regulation to correct the new build and mortgage markets that are “chaotically out of sync”, putting buyers under pressure to exchange contracts within 28 days on homes that may not be completed for 12 months, exposing them to rates that have more than doubled in a year. Developers usually
Confirmation from Ofgem that the energy cap will be raised from £1,971 to £3,549 a year from October has been met with dismay by many in the mortgage industry. Outside of immediate concerns for staying warm this winter, brokers are concerned that affordability assessments with be significantly affected, making it