The Right Mortgage & Protection Network join the Equity Release Council

The Right Mortgage & Protection Network has announced that they have joined the Equity Release Council. The network recognises the increasing role equity release plays within the retirement landscape and the range of options available within the mortgage market. Martin Wilson, CEO of The Right Mortgage & Protection Network said, “We are delighted to join The Equity Release Council; this was a natural next step following the launch of our specialist later life lending proposition earlier this year. We recognise that equity release…

Longer term fixes reduced at Coventry

Coventry for intermediaries has announced that it has reduced rates across its five and ten-year fixed rates by up to 0.10%. According to the lender, new owner-occupier rates include five-year fixes from 1.89% up to 50% LTV with a £999 product fee and 2.39% up to 90% LTV with a £999 fee and £500 cashback. Ten-year fixed rates have been reduced from 2.39% to 2.35% at 50% LTV, with a £999 product fee. The lender has also reduced rates on its five-year…

Saffron BS announce ‘Self-Build Autumn Sale’

Saffron Building Society has announced that it will now offer self-builders a mortgage reduced from 4.45% to 4.20% (variable rate) for a limited period. Saffron’s self-build mortgages are designed for anyone thinking about building their dream home or converting or refurbishing an existing structure. This new mortgage is ideal for clients wanting to start a project before the end of the year and benefit from a new lower rate. The newly discounted product includes the following features: • Every application is manually…

Scottish housing market remains strong

The once thriving property markets of London and the South East are pretty downbeat at the moment. However, it’s quite a different picture when you look at the rest of the UK. Scotland and Northern Ireland in particular are showing a healthy market, with a positive outlook for sales activity. In Northern Ireland, sales growth was again solid in August and 48% more respondents to the RICS survey saw a rise in prices which marks 60 consecutive months of an increase. In Scotland, 36%…

Property transactions hit 2 year high

The latest data from estate agents, haart, has revealed that during August house prices across England and Wales fell by 1.9% and by 3.1% on the year with the average price of a home now sitting at £223,834. According to the figures, new buyer demand for homes fell by 4.5% on the month but is up 13% annually. The number of properties coming onto the market fell by 1.5% but has risen by 11.1% on the year. In August there were over 11 buyers…

How making home repairs at the wrong time of year could cost you thousands

The latest research by Direct Line Home Insurance has shown that seasonal surge charges are hitting the average homeowner for up to £3,600 a year on repair work that is carried out at the busiest times. According to the findings, costs for commonplace repairs such as; fixing roofs, repairing boilers and reinstating electrics can rise by as much as 350% when work is carried out in the winter vs. summer. These costs increase seasonally for a variety of factors, for example, the costs…