The three groups that will be hit by the new inflation high

Inflation. It is enough to fill anybody with dread. Money only stretches so far, and it is even harder to stretch a pound when it is only worth 97.7 pence. Well, that is the reality after inflation was recently announced to have exceeded the Bank of England’s 2% target to a level of 2.3%. The Office for National Statistics released a bulletin on the 21st of March, revealing inflation to be much higher than previously thought. This news has come as a surprise to many, and will affect three ...

European Union agree tighter guidelines for mortgage lenders

European Union agree tighter guidelines for mortgage lendersThe European Union (EU) has agreed to a tighter set of guidelines for mortgage lenders, which after April 2014 will see borrowers having to pass a standard affordability assessment to get a mortgage. Whilst the new directive is designed to prevent a repeat of the runaway lending seen before the credit crunch, it will also contain provisions to make it easier for potential borrowers to shop around the mortgage market, to get the best deal....

Housing & Mortgage Round Up: Help to Buy unveiled, whilst first time buyers continue to struggle

Housing & mortgage round up_istockphotoA huge amount of housing and mortgage news to catch up on this week, with the main headlines being grabbed by the unveiling in the Budget of the Help to Buy scheme, designed to provide much needed help to people to get on and also move up the housing ladder. There is also news confirming just how negative many would-be first time buyers feel about the housing market, perhaps confirming the ...

Q & A: Everything you need to know about the ‘Help to Buy’ scheme

Everything you need to know about the ‘Help to Buy’ schemeSince the credit crunch both the Government and the Bank of England have taken significant steps to protect and kick-start the housing market. From keeping base rate at 0.5% for four years, to the NewBuy Scheme and then the Funding for Lending Scheme, both existing homeowners and prospective first time buyers have had significant help over the past few years. After an initial dip in house prices of ...