What the papers say – 15th and 16th August 2015

With an interest rate increase on the horizon, it seems that borrowers are beginning to act. The Independent reported this weekend on recent figures from the Council of Mortgage Lenders, which reveal a 30% increase in remortgage activity in June.

The Financial Times suggested that February 2016 is currently the most popular prediction for the first increase to happen. While rates have begun to edge up in anticipation, lenders are still keen for business, and rates remain extremely competitive.

The Sunday Times looked at the Buy-to-Let market this weekend, with industry experts highlighting the big differences between lenders when it comes to criteria and maximum loan size. Rates are still very low for this area of the market, but a new EU Directive due next March as well as proposed tax changes could make it more difficult for investors.

Elsewhere, the Independent on Sunday looked at the pros and cons of investing in student accommodation, highlighting the above average rental yield, but also warning of the strict regulations and reduced mortgage availability for those looking to buy large properties.

 

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

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