A ‘mortgage time bomb’ is looming for people aged over 50 with interest-only mortgages and who had hoped that an endowment would clear the lump sum, typically after 25 years.
Tag: mortgage lenders
First-time buyer activity jumps 20% in March
The number of first-time buyers increased 20 per cent in March, according to data published today by the Council of Mortgage Lenders.
High Street Price War Slashes Mortgage Rates by MoneyWeek
We are in the middle of a “high-street mortgage war”, reports the Financial Times. Headline mortgages currently being offered include a five-year fixed rate at 2.79% with the Co-operative Bank,…
