CASE STUDY: A race to possession when a borrower defaults on their financial obligations
Posted by: Westcor International
If the property is leasehold and the borrower ceases to make payments on their mortgage, not only is the lender affected, but the freeholder (or landlord) is too. This can mean a lender risks losing their security if they don't act quickly enough.
Buy-to-let considerations
Posted by: Westcor International
In an attempt to help first time buyers and boost home ownership, numerous policy changes since 2015 have made it clear that the government is targeting the buy-to-let market and the purchase of second homes.
Bank rate rise: duck for cover?
Posted by: Westcor International
The recent rise in the Bank of England?s base rate from 0.25% to 0.5% had been widely predicted. Some lenders had already raised their rates before the announcement, and others swiftly followed suit.
A valuable lesson
Posted by: Westcor International
Recent data from the Bank of England's Credit Conditions Review on Q4 of 2016 noted a return to "greater credit availability for borrowers with LTV ratios above 75%."
Searching for a release
Posted by: Westcor International
The UK's ageing population is increasingly turning to equity release mortgages to help ease its financial pressures.
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