Finance
Accord reveals details of new Help to Buy mortgages

Accord reveals details of new Help to Buy mortgages

The new deals will be available from Wednesday 16 December, which is when those getting onto the property ladder can sign up to the new Help to Buy 2021 to 2023 scheme. Accord said its new collection of two and five-year fixed rate products were previously available...

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Cost of borrowing at 90% LTV soars 28% year on year

Cost of borrowing at 90% LTV soars 28% year on year

The cost of borrowing at 90 per cent loan-to-value has jumped by 28 per cent over the past year, analysis by Mortgage Brain has revealed. Borrowers with a 10 per cent deposit who wish to fix for two years will now pay an average of £5.22 per £1,000, compared to £4.06...

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PRA urges buy-to-let lenders to toughen up rules

PRA urges buy-to-let lenders to toughen up rules

The Prudential Regulation Authority, part of the Bank of England, has warned buy-to-let lenders to take into account the reduction in mortgage interest tax relief when assessing applications. The phasing out of the tax relief was completed in April this year, which...

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