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Britain’s interest-only mortgage time-bomb: 4million UK borrowers face losing homes when rates go back up – Her optimism is typical of many youngsters who sign up for interest-only loans. Mortgage brokers still believe these are an excellent way for those on low incomes to take their first steps on the.
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CBA planned to dump broker commissions – Australia’s largest bank had a plan to replace commissions to mortgage brokers with a flat fee, but abandoned it over fears they would lose customers. The Commonwealth Bank of Australia would have.
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Tangerine Summer 2017 promotion | Page 2 | Tangerine Bank. – · Well, it is about that time again – what will Tangerine offer to us for a summer 2017 promotion? If all goes according to past patterns, Tangerine will start making selective interest rate offers around July 5 or so. In preparation, I have already transfered the bulk of my cash.
First-time home buyers cannot afford 20 per cent deposit – The higher loans mean many were stuck paying LMI, but Mortgage Choice broker Bob Korver believes the option is not always a bad move. ‘Some buyers may choose to delay their property purchase in order.
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Banks bring in tough checks on buy-to-let mortgages over concerns landlords will struggle to cope when interest rates rise – In a letter to mortgage brokers the bank said it was being a responsible lender’, ensuring that our aspiring landlord customers can afford the increase in tax liability once these changes come into.
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How first-time buyers are flocking back: Number of mortgages approved in a single month reaches highest level since before the economic crisis – But mortgage brokers said first-time buyers must still be careful not to overstretch themselves, with many lenders still offering loans of more than four times people’s salaries. Jonathan Harris,
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