The suggestion that buying a house is one of the most stressful experiences in life is universally accepted. But brokers say stress levels are often being pushed to the extreme unnecessarily by overly forceful estate agents. Conditional selling is by no means a new concept. An estate agent tells a prospective
Getting on the property ladder remains challenging, with higher interest rates and the cost-of-living crisis affecting affordability for many. But recent market developments offer a glimmer of hope for hard-pressed first-time buyers (FTBs). Lenders are starting to offer higher loans-to-value (LTVs) again and at more
Broker UK Moneyman has partnered with LiveMore Mortgages to offer equity release loans to borrowers who have spray foam insulation although the client will need to have had a quote to remove the foam when they apply and undertake to have it removed within 90 days of the mortgage completing. Around 250,000 UK
UK Moneyman has received approval from the Financial Conduct Authority (FCA) to add home reversion plans to its permissions. Home reversion plans are a type of equity-release scheme that lets people use some of the money that's tied up in their homes. The lender says home reversion plans became “sidelined as a
Lloyds Banking Group is preparing itself for an increase in defaults amid rising mortgage rates. In its Q3 financial results, the UK’s biggest mortgage lender set aside £668m to protect itself against mortgage and loan defaults, due to a “deterioration in the economic outlook”. The group’s base case scenario