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...Many state pupils attain the highest academic standards and go on to top universities....
...But for a couple with a joint income of £60,000, Perenna says it could offer a maximum mortgage of £307,489, giving the buyer an extra £72,000 compared with a loan on standard terms....
...Louise Baxter, a consumer protection expert and founder of the UK’s National Trading Standards Scams Team, said higher interest rates and other economic factors at the moment played into the hands of scammers...
...Delays in mortgage approvals could jeopardise purchases — especially as the market in some areas seems to be gathering steam — or result in borrowers slipping on to punitively high standard-variable rates...
...So I mean, if your mortgage deal just expires, you know, you’re not on it, let’s say. You don’t know your expiry date, you will move on to what’s known as the SVR, your lender’s standard variable rate....
...Sales of existing homes fell to levels not seen since the depths of the financial crisis as rates on the standard 30-year mortgage nearly tripled to around 8 per cent last autumn New listings tumbled, as...
...Canadian homeowners have the added worry of a big jump in their mortgage payments next year. In the US, the standard mortgage is a 30-year fixed-term loan....
...Green deals can often be beaten by bog standard offers from other banks....
...Simon Gammon, managing partner at Knight Frank Finance, noted that “repossessions are extremely low by historic standards and should remain so”....
...UK house prices unexpectedly fell in March, according to fresh data that suggests a pause in the housing market recovery as mortgage rates fluctuated in early 2024....
...Some economists pointed to the fact that banks reported the least amount of extra tightening of credit standards for over two years along with the fall in mortgage lending rates to argue that the tightening...
...“It will slow further in coming months, and likely well into 2024, as interest rates faced by firms and households have continued to rise, catching up to ECB monetary tightening, and credit standards remain...
...I am divorcing my husband and have found out he borrowed money, unbeknown to me, from his parents, to help pay our mortgage for the past few months, due to our rate going up significantly....
...According to the Green Finance Institute, the UK now has 60 “green” mortgage products....
...The FCA said its review found that “in many cases” sales of the products “did not meet the standards expected”....
...“The council and our members are undertaking significant work to reinforce advice standards and ensure clear customer communications,” he said....
...He also warned borrowing costs were “likely to reduce” income on savings in the year ahead “presenting a fresh living standards challenge in an election year”....
...The standard loan term is six to seven months, but interest is only accrued while the loan is outstanding....
...That is a useful addition, he says, to advisers’ standard test of “risk appetite”....
...“Living standards for most will have stagnated over the lifetime of the parliament,” said Charlie Bean, former chief economist at the BoE....
...“The bad news is that the living standards outlook is still dire.”...
...Mortgage lending fell 0.1 per cent, the first decline for nine years. Corporate lending also slowed to 0.2 per cent....
...The Mortgage Bankers Association said that the average interest rate for a standard 30-year fixed-rate mortgage reached 7.07 per cent last week from 6.85 per cent at the end of June....
...Who wants to sell a house when buying a new one means replacing a cheap fixed-rate mortgage with a far more expensive one?...
...But homeowners towards the bottom of the income distribution are set to see the bigger hit to living standards....
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