Tag: <span>Mortgages</span>

Home Mortgages
UK mortgage approvals at highest level in 13 years
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UK mortgage approvals at highest level in 13 years

UK mortgage approvals have risen to the highest level in 13 years, driven by the government’s stamp duty holiday and buyers reassessing their living situation during the coronavirus pandemic. Figures from the Bank of England showed the number of mortgages approved by banks and building societies for home purchases had leapt to 105,000 in November – the highest figure...

Bank of England explores easier options for getting a mortgage
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Bank of England explores easier options for getting a mortgage

The Bank of England is exploring options to make it easier to get a mortgage, on the back of concerns that many first-time buyers have been locked out of the property market during the coronavirus pandemic. Threadneedle Street said it was undertaking a review of its mortgage market recommendations – affordability criteria that set a cap on...