News & Insight

The mortgage lender Kensington recently conducted a survey of brokers to establish where they felt problems arise when placing a large mortgage case.  The results showed that the single biggest factor is lenders applying tighter credit scores to that type of borrower. So what is a credit score and what’s the impact?  It stands to reason that lenders will check a borrowers’ credit record with a credit reference agency in order to confirm the debts...

Despite not even reaching the end of May the figures from Nationwide’s house price index are already out.  It indicates that house prices have risen marginally month on month by 0.3%.  Clearly that’s not a large movement especially considering the fact that prices were down 0.2% in April. Nationwide itself points to the fact that the movement is not significant stating, “Overall, the modest pace of house price growth in May suggests that the pro...

The general consensus in the weekend money pages was that the cost of borrowing is coming down, following decisions made by several large mortgage lenders to cut some of their rates. The Independent on Sunday reported that Britannia, Halifax, Nationwide and Abbey have been among the major high street lenders to cut the price of their two-year fixed rate mortgage deals, prompting a surge of interest from homeowners.The Mail on Sunday also revealed...