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Banks get strict on interest-only loans
Santander’s move comes as part of a clampdown on interest-only lending by lenders, who are introducing stricter lending criteria
Homeowners hit by down-valuations
Homes in Northern Ireland and north-west England are more likely than those in the rest of the UK to have been marked down by surveyors
Santander overhauls interest-only loans
Bank has cut the maximum it will allow customers to borrow on an interest-only basis from 75 per cent to 50 per cent loan-to-value
Homeowners cut prices to achieve a sale
House sellers are discounting nearly £20,000 off their asking prices in a bid to attract more buyers – the biggest discount ever recorded
Too much house price information?
Should property indices use a national average?
Best mortgage rates go private
Some private banks will price their mortgage rates relative to overnight Libor, which is closer to Bank of England base rate at just under 0.6 per cent
Chelsea’s five-year fixed-rate mortgage
3.19 per cent deal comes with a fee of £1,495 and is available to borrowers with a deposit of 30 per cent or more
Warning over holiday lets for pensions
New schemes allow Sipp investors to gain exposure to property investments – but some administrators are refusing to hold them
Sale and rent back schemes halted
The financial regulator has cracked down on controversial sale and rent back deals that target distressed homeowners
Solar buyers in race to beat tariff deadline
Government deadline gives homeowners less than four weeks to install and register renewable energy systems to qualify for higher rate
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