There were snippets of festive cheer in the mortgage news this weekend, with the FT highlighting the fact that the number of fee free mortgage deals on the market has increased by c38% since 2012. They were, however, quick to warn that these deals might still be more costly than deals with fees and advised borrowers to do their sums before proceeding.
The Times was keen to point out that more lenders were offering Buy to Let products for Limited companies. They predict that there could be an increase in demand, once landlords have completed their first tax return since the recent changes to tax relief for Buy to Let landlords.
The Sunday Telegraph considered what a Labour government might mean for borrowers, citing speculation that the uncertainty caused may undermine Britains financial stability. They suggested that borrowers could safeguard against this by fixing their mortgage rate now.
The Guardian highlighted what it described as a new cash cow for developers. It reports how homeowners on private estates are being forced to pay often escalating estate management fees for communal areas not maintained by the council such as pavements and green areas.