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Want a mortgage? Don’t eat steak!

12 May, 20140 Comments
It emerged last night that mortgage applicants are being asked ‘Spanish inquisition’ style questions, including whether they play golf or eat steak. Some interviews have lasted up to 3 hours where applicants have been quizzed over the price of haircuts, their plans for more children and even their hopes of a pay rise. These questions
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Lifestyle quiz to secure a mortgage comes into force today

26 April, 20140 Comments
From today, new rules come into force that mean borrowers across the EU will be refused a mortgage if they fail a standard affordability assessment. According the the Financial Conduct Authority (FCA) the Mortgage Market Review (MMR) will ‘put common sense at the heart of the mortgage market and prevent borrowers ending up with a
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Landlords can now generate money from generating renewable energy

10 April, 20140 Comments
A government-backed scheme, that was originally expected to launch in Autumn 2012, that will pay social and private landlords for the green heat generated from their homes has finally been launched this week. This offer is also open to homeowners and self-builders, where the Domestic Renewable Heat Incentive offers payments to offset the cost of
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Government says benefit claimants more responsible than workers

31 March, 20140 Comments
The majority of the Mortgage Market Review changes will come into effect on 26th April 2014, where new rules will mean that borrowers across the EU will be refused a mortgage if they fail a standard affordability assessment. Please read : Mortgage Market Review explained by the FCA. Please read : How will the Mortgage
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Budget 2013 | Helping hand or economic suicide?

21 March, 20130 Comments
Yesterday George Osborne delivered his fourth budget, calling his speech “a Budget for people who aspire to work hard and get on” for an “aspiration nation”. The key points : HOUSING A new “help-to-buy” scheme will include £3.5bn for shared equity loans, and a government interest-free loan worth 20% of the value of a new
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