Mortgages

The new mortgage lending rules are coming

May 18, 2014 by TIna

As of 26 April 2014, lenders will be required to advance mortgages to their customers under new rules coming into effect as a result of the Mortgage Market Review (MMR). The rules, which introduce at least five key changes for borrowers, are being introduced to reinforce consumer protection. They will be overseen by the industry regulator, the Financial Conduct Authority (FCA), and apply across the whole industry.

Will the new mortgage rules affect what can be borrowed?

May 18, 2014 by TIna

Category: Mortgages & Uncategorized

Under new changes to the mortgage market, lenders will have to ask you, as the borrower, detailed questions about your spending. They will take into account any expenditure to which you are already committed and will need to know about credit card and loan repayments, hire purchase agreements and child maintenance or alimony payments. You will be asked to provide evidence to help the lender make a realistic assessment of your commitments.

A simple guide to the leasehold property market

November 06, 2013 by TIna

Category: Housing & Mortgages & Uncategorized

For the newcomer to the leasehold property market, here are some of the key terms and their meanings, as listed by the Royal Institute of Chartered Surveyors, that will help you find your way around property descriptions and leasing documents.

The new mortgage lending rules are coming

Will the new mortgage rules affect what can be borrowed?

A simple guide to the leasehold property market

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