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...In Canada and the US, lenders and mortgage brokers are required to be licensed with local financial authorities....
...Mexico’s government on Tuesday said it would not take back migrants deported under a new Texas law after the US Supreme Court allowed it to go into force....
...The next day, Mexico granted Glas asylum, and Ecuadorean authorities raided the embassy hours later. Lawyers for Glas have said the former official is on hunger strike....
...The BoE said the “effective” interest rate — the actual interest paid, which lags behind quoted rates by a couple of months — on new mortgages fell by 0.17 percentage points to 4.73 per cent in March, the...
...But if they moved now, they’d have to get a new mortgage at a higher rate. This discourages people from moving, in effect reduces housing supply, and helps support prices....
...Simon Gammon, managing partner at Knight Frank Finance, said: “Demand for mortgages to buy homes has been rising since the new year and momentum will continue to build into the summer.”...
...Early last year, one in four new mortgages was a tracker, according to mortgage broker John Charcol....
...The number of new mortgages taken out by older borrowers — aged over 55 — fell by 37 per cent year-on-year in October, November and December last year, according to data from trade body UK Finance....
...In June, Mexico will hold its largest elections, including for a new president and congress....
...Court rulings in the US and Mexico have also put limits on authorities....
...Then-president Donald Trump agreed to hand Cienfuegos back to Mexico, where authorities swiftly let him go and dropped the charges. But the damage was done....
...That reverses the fall in mortgage rates from their peak last summer....
...Accord has waived product or arrangement fees on its new deal. The loan is not available on an interest-only basis and no flats or new builds will qualify....
...Simon Gammon, managing partner at broker Knight Frank Finance, said: “The recovery in housing market activity is taking hold despite an uncertain start to the year for mortgage rates.”...
...“What it does is give those people who can get hold of mortgage finance a bit more confidence to be able to do so....
...Rightmove said the number of new properties coming on the market was up 12 per cent annually, with a similar increase for sales agreed....
...“It is casus belli, Mexico could declare war if it wants.”...
...The elections will be Mexico’s largest ever, with voters choosing a new president, both houses of congress, eight governors and thousands of local representatives....
...A mortgage broker suggested he try a new lender called Perenna....
...Simon Gammon, managing partner at broker Knight Frank Finance, said: “At 1.23 per cent, the proportion of loan balances in arrears is still very low, but the pace at which it is rising will be a source of...
...“The Prudential Regulation Authority could have concerns about banks’ exposure to 99 per cent loan-to-value mortgages, even if partially underwritten by government, and could look for additional capital...
...Instead of getting a new five-year fix, she gets a two-year fix.— In early 2025, she once again renews her mortgage....
...Over the past few years UK policymakers have explored the idea of mortgages with an interest rate locked in for the term of the loan, along the lines of long-term products offered in countries like the US...
...The real point to watch, says Beattie, is whether Chinese companies will be able to sneak autos into the US market via Mexico....
...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....
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