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...Ashley Webb, economist at research company Capital Economics, said the central bank’s data provided “further evidence that the drag from high interest rates is starting to fade and supports our view that...
...That reverses the fall in mortgage rates from their peak last summer....
...On Reddit there are complaints about the company going back three years, many of which claim they paid the company $1,000 or more and never got a loan....
...Early last year, one in four new mortgages was a tracker, according to mortgage broker John Charcol....
...Scottish Mortgage’s public and private portfolio is delivering strong operational results, evidenced in part by free cashflow from the portfolio companies having more than doubled over the past year....
...“This provides further evidence that households are no longer searching for higher interest rates by tying up money in fixed-term accounts,” said Ashley Webb, economist at research company Capital Economics...
...Skipton’s Track Record mortgage allows borrowers to use evidence of paying regular rent when judging whether they can afford the mortgage....
...in credit conditions for secured lending is supporting the economic recovery, which may lead to stronger growth than the Monetary Policy Committee expects,” said Tomasz Wieladek, economist at investment company...
...Its bet on Scottish Mortgage is not Elliott’s only recent interest in London-listed companies....
...from the Bank — had added “stability” to the mortgage market....
...The company says it will lend up to six times the borrower’s income, far higher than the standard 4.5 times from high street banks....
...Mortgages for house purchases, or remortgages, were down 21 per cent, while new lifetime, or equity release, mortgages were down 40 per cent....
...The board of Scottish Mortgage Investment Trust has announced a £1bn share buyback in an attempt to prop up its share price, as high interest rates and complex regulations continue to weigh on the investment...
...Karen Noye, mortgage expert at wealth management company Quilter, said: “The large increase in mortgage rates seen over the last couple of years is really starting to bite for some borrowers and this is...
...Kevin Shaw, national sales managing director at the property services company Leaders Romans Group, said: “2024 is off to a good start with more properties coming on and more sales happening.”...
...Rocket Company, owner of Quicken Loans, the country’s largest non-bank mortgage lender, is up 66 per cent since November....
...Scottish Mortgage’s value surged during a pandemic-era tech stock rally, with shares rising 76 per cent between March and September 2020....
...The BoE said January’s “effective” interest rate — a measure of the weighted average cost — on newly drawn mortgages fell 9 basis points, to 5.19 per cent....
...Brexit and mortgage regulatory changes also played a role, according to Richard Donnell, executive director at property consultancy Houseful....
...UK mortgage approvals rose to a 17-month high in February. Mortgage rates have fallen from their peak last summer....
...That’s why they have to react so quickly,” said Simon Gammon, a mortgage broker at Knight Frank. At the end of 2023 there was a rally in bond markets that prompted lenders to lower mortgage rates....
...Total gross new mortgage lending fell to £5.2bn in the period, compared with £9.9bn a year earlier....
...This prompted some lenders to increase their mortgage rates in February....
...“Of course, every shareholder would like the company to pay 110 per cent as dividends, and we can afford it — but not for long . . . Our task is to develop the company....
...“You might be addressing the deposit affordability issue, but you’re still left with the mortgage affordability issue,” Cook said....
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