Borrowers warned crypto-assets could make it harder to get a mortgage

By: ameer@trustedteam.com

Lenders are likely to look even more unfavourably towards cryptocurrency assets — after MPs called for these assets to be treated as a form of ‘gambling’ rather than retail...

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Mortgage arrears rise in tough climate – UK Finance

By: ameer@trustedteam.com

There were 76,630 homeowner mortgages in arrears of 2.5% or more of the outstanding balance in the first quarter of 2023, 2% greater than in the previous quarter, according...

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Economic pressures restrict growth in construction industry

By: ameer@trustedteam.com

Revenue generated from the construction contractor sector look set to shrink next year, despite an increase in the number of businesses working in this area. Latest data shows that the...

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Halifax Intermediaries improves affordability criteria for 5-year fixes 

By: ameer@trustedteam.com

Halifax Intermediaries has lifted its loan-to-value ratio from 75% to 90% to boost maximum loan amounts for purchase or remortgage borrowers who opt for five-year fixed-rate mortgages from today (18...

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Clydesdale Bank withdraws 6 products at 80% LTV   

By: ameer@trustedteam.com

Clydesdale Bank has withdrawn six 80% loan-to-value offers that cover exclusive remortgage deals and products for new customers.   Its exclusive remortgage deal withdrawals cover:   An 80% LTV two-year...

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Sharp rise in repossession activity: MoJ

By: ameer@trustedteam.com

Mortgage repossession claims increased by 40 per cent over the past year, as higher interest rates and rising living costs impact borrowers’ ability to service their home loans. This Ministry...

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Advisers concerned about negative impact of 100% mortgages

By: ameer@trustedteam.com

Six out of 10 financial advisers are concerned that the re-emergence of 100% mortgages could spark a repayment crisis for borrowers and leave some in negative equity. The research —...

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Strike agrees to buy Purplebricks for £1

By: ameer@trustedteam.com

Purplebricks is to be taken over by rival online estate agent Strike assuming its liabilities and paying a token consideration of £1. The announcement comes a week after Purplebricks said...

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Consumers who struggle to pay bills jump to 11 million: FCA 

By: ameer@trustedteam.com

The number of UK consumers who are struggling to meet bills and credit repayments has jumped 40%, or 3.1 million, to 10.9 million from a year ago, says the Financial...

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Strike snaps up Purplebricks for £1

By: ameer@trustedteam.com

Purplebricks is to be taken over by rival online estate agent Strike assuming its liabilities and paying a token consideration of £1. ...

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