What the papers say – 6th – 7th June 2015

What the papers say – 6th – 7th June 2015

The Times, Independent and Sunday Times reported this weekend on the latest launch of headline grabbing rates, following the release by a high street lender of a 2 year tracker below 1%. Experts agreed that it was sure to attract attention, but before applying borrowers must consider other factors including set up fees and minimum payable rates (collars).

The Independent on Sunday looked at the issues can arise when purchasing an ex-local authority property, and in particular a flat. These have increased in popularity over recent years due to their often central location, and value compared to similar-sized private properties. Experts warned however that securing a mortgage could be tricky depending on whether the property is a high-rise, or has non-standard construction.

Elsewhere the Mail on Sunday looked at the effect a shorter lease can have when it comes to selling or remortgaging a leasehold property.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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