Nationwide to pass on interest rate rise to mortgage customers – The Guardian

The Nationwide Insurance company has announced that if the Bank of England lifts it’s base rate to 0.05% on Thursday that they will increase the variable rates for mortgages by 0.25%. If Nationwide raises its rates that could affect almost 5 million people that are on a variable rate mortgage. Although all is not lost […]

Nationwide to push up bills for mortgages customers by 0.25% if … – The Sun

When interest rates go up often times so does your mortgage. The company, Nationwide announces a rate hike of 0.25 rise onto to customers variable mortgage rates. The Bank of England is expected to make and announcement raising the rates, the very first time in ten years. Good news for fixed rate mortages though, Nationwide […]

UK house prices pick up but still under pressure, says Nationwide – The Guardian

House prices in the UK are going up. This is good for those who have invested in a home but things aren’t perfect. There is still pressure on the market which means things might not stay the way they are. The prices aren’t a sure thing. Real estate never is but tends to be safer […]

Homeowners ‘flock to remortgage as first interest rate hike in a decade looms’ – Express.co.uk

The interest rate for mortgages is going up so people are trying to refinance before it gets worse. Maybe they want some money out of it or maybe they just want to lock in a lower rate. Either way they usually end up with a different payment than they started with when they refinance. It’s […]

George Osborne’s tax raid on buy-to-let properties nets £2.7bn: Figure is twice as much as officials expected – Daily Mail

George Osborne’s tax increase for landlords that purchase property to rent out has generated controversy. This tax hike is called a tax raid, which seemed to to immediately influence the amount of homes being purchased by landlords. it was said that motivation for the tax rate increase, was to alleviate some of the pressure on […]

Surge in UK consumer borrowing fuels likely interest rate rise – The Guardian

Banking institutions are considering increasing interest rates on loans. They’re considering increasing interest rates for loans, because of the increase and the amount of loans being taken out by consumers. They believe that this increase and loans is possibly due to inflation; And because of this the banks are not sure whether or not the […]

Fewer first-time buyers around in the UK property market – Rentman Software

First time homeowners in the UK are getting older and less plentiful than previous years. This is mostly driven by higher prices as well as higher deposits needed to purchase a home for the first time. Other reasons include lack of suitable properties as well as difficulty security loans as well as assistance in purchasing. […]

New Zealand to ban foreign buyers snapping up existing homes – The Guardian

New Zealand does not want foreign buyers to buy all of the homes because it leaves fewer places for its own citizens to live, so they are cracking down on this practice. Thid country only has so much space for housing so this is a wise move. Many foreign buyers only want thr homes for […]

Meet the married couple who packed their life into a van and hit the road before their first wedding anniversary and … – Daily Mail

This couple hadn’t been married long when they decided to move, but they did it in a more dramatic way than most couples choose. The moving itself isn’t necessarily strange because people move for work all the time even if they are newly weds, but they don’t often just pack up and take off this […]

Buy-to-let mortgage rates start to creep up | This is Money – This is Money

Landlords with handfuls of mortgaged properties will likely have to update, and possibly trim, business practices, following a list of changes to the market — including a possible future rate increase by the Monetary Policy Committee. Besides increases in their mortgage rates, these individual landlords must also contend a shrinking market, based in new restrictive […]