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% – The value of buy-to-let lending rose by 18.5% year-on-year to 8.3Bn in Q2, according to BoE and FCA.
1Bn – The amount Nationwide has earmarked for its new range of 95% LTV mortgages.
78 – The BoE’s Monetary Policy Committee voted to keep base rate at a record low for the 78th consecutive month running.
9% – The amount by which house prices have grown year-on-year in the 3 months to August, according to Halifax.
78% Over three-quarters of borrowers on a variable rate are not budgeting for increased payments that would accompany a rate rise, an Equifax survey shows.
£12Bn – The Chancellor’s new bank tax on profits will raise almost twice the amount estimated by the Government, at £12Bn, accounts EY says.
