Two more Buy to Let lenders in the firing line

Time concept: arrows in Hourglass target on wall backgroundFollowing a recent court ruling, which saw West Bromwich Building Society forced to refund over £27 million to Buy to Let investors, two other mortgage lenders are now facing legal action. Buy to let investors who have mortgages with Skipton Building Society and Bank of Ireland are set to mount a legal challenge, which if successful, could see large refunds, similar to those paid to customers of the West Bromwich Building Society. The action by investors follows he decision of both Skipton Building Society ...

Retirement: Six times when an Annuity is still the right answer

clouds in shape of figureFollowing last month’s Budget, many people, for journalists to so called industry experts have predicted the death of the Annuity. We don’t believe this is the case, in fact to paraphrase Mark Twain, “reports of the death of Annuities has been greatly exaggerated.” Don’t misunderstand us, we firmly welcome George Osborne’s proposals, to give people greater access to their pension pot. The increased flexibility will benefit many people when they come to retire and also encourage ...

Savings: Tie up your savings for 10 years? No thanks, but here’s five alternative options

Pound LandscapeWe all know savers have had it tough over the past few years. Low interest rates, pushed even lower by Government initiatives to help the mortgage market and relatively high inflation, have all combined to make it almost impossible for savers to get a ‘real return’ on their cash. It’s nearly always been the case that savers will get a better rate of interest the longer they are prepared to tie up their savings; a ...

Nationwide Building Society offers 95% mortgage for first time buyers

Desperate to get on to the housing ladder but just don't have the funds for the initial deposit? Nationwide Building Society could have the answer. From Friday the financial giant is offering customers the chance to apply for a mortgage with just a 5% deposit. The building society's new Save to Buy regular savings account pays 2.5% gross interest on balances up to £20,000 and after 6 months of saving at least £50 a month, allows customers to apply for one of its 95% loan-to-value ratio mortgages.