Mortgages: Mortgage fees rise to record levels

New research from Moneyfacts has shown that mortgage fees have increased by 70% over the past three years. Borrowers have also been hit by a rise in Standard Variable Rates (SVR) during that time, despite the fact that Bank of England Base rate has remained at 0.5% for over three years. Rising mortgage fees Are you looking for mortgage advice?...

Mortgages: Claim that lenders are failing to support the NewBuy mortgage scheme

Even though it was only launched a few short weeks ago the government’s flagship scheme to help first time buyers seems to have run into trouble. The NewBuy mortgage scheme is supposed to help people with small deposits, particularly first time buyers, buy new build properties. However, the Home Builders Federation (HBF) have voiced concerns that the scheme has not been embraced by mortgage lenders as it should have been and that it is “not at all what was envisaged”. The Executive Chairman of HBF, Stewart Baseley has sent a letter to home builders in which he said that the NewBuy scheme ...