CML

CML

Homeowners re-mortgaging ahead of rate rise

12 August, 20150 Comments
According to a report on the BBC the number of home-owners re-mortgaging increased by 30% in June – the highest level since September 2013, as borrowers locked in to new deals ahead of the rise in interest rates. The figures were provided from the Council of Mortgage Lenders (CML). During June; 31,600 households changed their
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Stress testing your buy to let portfolio

08 January, 20140 Comments
Every landlord, whether they own a couple of properties or a couple of hundred, is running a business. Like any business, it’s a numbers game – and the numbers can often be unpredictable. When Mark Carney took over from Mervyn King as the Governor of the Bank of England on 1 July 2013, the economy
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Extended tenancies could trigger rent arrears increase

28 January, 20130 Comments
In response to Labour’s call for longer tenancy agreements the Council of Mortgage Lenders have responded by warning that such agreements could lead to a rise in rent arrears. Labour argues that the private sector should give stability and financial certainty to private renters by offering predictable rents over a long period. Longer-term tenancies and
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