In the 2015 Summer Budget and Autumn Statement, the Chancellor introduced several changes that will affect anyone buying or owning a buy-to-let property in the UK. It is important that landlords understand these changes because they may affect the profitability of many buy-to-let portfolios, however small or large they are. From 1 April 2016, higher […]
0.5% – Gross Domestic Product growth slowed by 0.2% in the third quarter compared to queue to when it was 0.7%, according to estimates from the Office of National Statistics. 21.6% – Total number of approvals rose 21.6% year on year to 121983 in September, says the Bank of England. £2.3 billion – The size […]
22% – Annual fall in the number of mortgage complaints made to the FOS n Q3 2015, from 3333 in Q3 2014 to 2609 a year later. 48% – Proportion f renters who say they are unable to save even a penny towards a house deposit, according to a survey by Shelter. 11% – Amount […]
79 – The number of months the Bank of England’s monetary policy committee has kept rate at a record low 0.5%. 10 – Precise Mortgages has doubled the number of loans that landlords can hold with it to 10 and increased the maximum combined value of these loans from £2m to £5m. 8.6% – The […]
4.2% – House prices rose 4.2% year on year to an average of £184,682 in August, according to HM Land Registry. 71% – Brokers now have access to 71% of the total products on offer, according to new research from Mortgage Advice Bureau. £87,000 – The average cost of raising a child aged 11, according […]
2.83% – Mortgage rates fell to their lowest-ever level, with the average being 2.83% in the 2nd quarter, according to the Bank of England and FCA. 1 in 10 – Up to 10 percent of borrowers could benefit from taking out a 2nd charge over a remortgage or further advance says packager V Loans. 18.5% […]
£3.6bn – The amount paid out by insurers to protection policyholders in 2014. 39% – Business information provider Timetric says gross lending will grow by nearly 40% to £286bn by the end of 2019. 21% – More than one fifth of borrowers searching for a mortgage on comparison websites over the past year were looking […]
10% – HSBC posted a pre-tax pre-tax profit of £8.7 billion for the first six months of the year, 10% up from £7.9 billion in the same period a year earlier. 77 – The number of months that the base rate is being held at a record low of 0.5%. £14 billion – The Government […]
£20m – Payday lender Cash Genie has agreed to write of loans and refund payments worth more than £20m to 92,000 customers for unfair charges and taking payments without authorisation. 6 – The number of lenders that have signed up to offer the Government’s Help to Buy ISAs, which will launch in December. […]
186 – The number of times Barclays was visited by the regulator during 2014. £321,000 – The average price of a UK home in 2020 as forecast by the Centre for economic and business research. £3.2 million – Outgoing FCA chief executive Martin Wheatley described £3.2 million right off for software licenses and not used […]
Members of the Federation of Small Businesses.