Chancellor introduces restrictions for buy to let mortgage

A recent announcement by George Osborne revealed that banks will be given new powers that may make it much harder for investors to obtain buy-to-let mortgages. In a bid to regulate mortgages for landlords, the chancellor has given the financial policy committee of the Bank of England the power to

Contractors struggle to secure mortgages

According to a study conducted by a specialist lender, contractors find it much more difficult to obtain a mortgage than employed staff. The research by Kensington indicates that more than a third of contractors have

Mortgage advice under review with FCA

An announcement by the Financial Conduct Authority (FCA) and the government has revealed that a financial advice review is soon to take place, which will also include mortgage advice. The Financial Advice https://www.beaconfinancialtraining.co.uk/wp-content/uploads/2020/06/cemap-online-and-classroom-training-uk.jpget review

Borrowers concerned over new lending rules

A recent study revealed that around 70% of people had worries over the new stringent and more specific affordability checks undertaken by lenders following the Mortgage https://www.beaconfinancialtraining.co.uk/wp-content/uploads/2020/06/cemap-online-and-classroom-training-uk.jpget Review (MMR). Specifically, how the new rules would affect how much they would

Lenders’ fear of reprisals means families are unable to change rate

Stemming from the Mortgage https://www.beaconfinancialtraining.co.uk/wp-content/uploads/2020/06/cemap-online-and-classroom-training-uk.jpget Review (MMR) that was conducted by the Financial Conduct Authority (FCA) in April 2014, increased regulation and tougher lending criteria mean that