Buy to Let Mortgages
Bank of England will not follow suit following Fed rate cuts
The US Federal Reserve has slashed interest rates considerably over the past couple of weeks, taking them down the first time by 0.75% amidst fears of a recession, and then reducing them further to 3%. The move resulted in many homeowners in the United States flocking to try and refinance to a lower rate deal whilst rates were at such as low.
Popularity: 53% [?]
Average property prices plummeted in three months
According to a recent report the average UK property value plummeted between October of last year and January of this year, with around £11,000 being shaved off the average property value. The reports show that this has seen some properties fall in value by over £100 per day, and according to some industry officials things are going to continue getting worse for homeowners when it comes to falling property prices.
Popularity: 56% [?]
100% mortgage getting increasingly difficult to find
A recent report has indicated that finding a 100% mortgage deal has become increasingly difficult over recent months, as credit conditions have become tighter and tighter in the UK, and this situation is set to get worse over the course of the year according to some industry officials. The credit crunch that swept across the UK last year has had a number of repercussions, and many lenders have had to tighten their belts when it comes to lending in light of factors such as bad debt levels and difficulties with inter-bank lending.
Popularity: 50% [?]