October 17, 2024
Inflation falls to lowest level since 2021
The predicted 2.1% inflation figure for September was smashed as it fell to 1.7%. What matters to us on this site is whether interest rates will now fall?
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April 17, 2021
Half of UK adults dont understand mortgage process
Insurance provider PaymentShield carried out a survey recently that suggested 52% of adults aged between 18-34 said they did not understand the mortgage process. That is a worrying statistic for a society that has such a large reliance on being homeowners.
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June 20, 2022
Affordability Stress Test is going!
Following on from a previous post I wrote in March around a consultation being run by the Bank of England regarding the removal of the mortgage affordability stress test, the result is in. Surprisingly it is going to be removed from the 1st August 2022.
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August 14, 2022
Have lenders stopped using the interest stress test?
From the 1st of August 2022 lenders were able to stop stress testing mortgages. An affordability test that was introduced in 2014 to ensure borrowers could still cope with an interest rate shock. Although we are only 3 weeks on have any lenders dropped the test?
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February 12, 2023
Over 10,000 homes in Scotland worth £1m+
For the first time ever the number of properties in Scotland valued at £1m or more is over 10,000. Half of them are in Edinburgh.
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October 13, 2023
6,300 Council homes in Moray to be checked for RAAC
RAAC checks have been taking place across the country. Moray Council had previously declared there was none in the area then it was found in a High School, now all properties are being checked.
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