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New plans drawn up by the government include offering the option of a mortgages being switched, within seven days, to a new mortgage provider.
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New data released by Rightmove shows House Prices reached a record high in April. This has occurred despite the nee stamp duty kicking in.
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Nationwide has become the latest UK bank to raise its borrowing limit. Previously it had been set at 75.
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With the rush to beat stamp duty deadline, lending was returned to the peak levels seen before the financial crash of 2008.
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The Bank of England has recommended tougher rules for people seeking buy-to-let mortgages.
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It’s raining and cold and you don’t want to go out or simply (99% of us) are way too busy but we really need that mortgage or remortgage – no problem there is now a solution.
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HM Treasury has confirmed that mortgages owned by the British government will be completely sold off by 2017 to 2018. However the treasury has added that it would be subject to market conditions and ensuring tax payers get “value for money”.