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 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 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 Review (MMR) that was conducted by the Financial Conduct Authority (FCA) in April 2014, increased regulation and tougher lending criteria mean that