Get out of jail free card for mortgage prisoners?

Get out of jail free card for mortgage prisoners?

Thousands of UK mortgage prisoners may be handed a get out of jail free card as the country’s financial regulator unveils plans for a relaxation of switching rules which will allow them to get out of expensive deals. In a letter to government the Financial Conduct Authority (FCA) said it intends to take ‘immediate action’ …

Brexit uncertainty putting off first-time buyers

Brexit uncertainty putting off first-time buyers

Uncertainty about the effect of Brexit on the housing market is putting off first-time buyers claims a new report. Financial services provider One Family says would-be home owners are postponing their purchase in the belief that house prices will drop following the UK’s departure from the European Union at the end of March. Price growth …

FTB mortgages at the highest in more than a decade

FTB mortgages at the highest in more than a decade

First-time buyer mortgage approvals have hit their highest level in more than a decade according to figures published by Yorkshire Building Society. Using data from UK Finance, the Yorkshire estimates 367,038 new mortgages were taken out in 2018 – the highest number since 2006. Almost double The number exceeded the 2007 figure of 359,000 and …