❌It seems @HSBC_UK will *still* require an EWS1 with some applications - so they are not following the new @RICSnews guidance
If you're affected by the building safety crisis and trying to sell or remortgage, do let us know your experience from Monday 👇
#EndOurCladdingScandal
@TheBrandAnalyst Not sure how helpful that is but I can’t give you specific advice because I’m not qualified to. Would be good to have a chat with your mortgage broker (if you plan to use a mortgage) and make the best decision you can with the information you have.
@TheBrandAnalyst …(flats and houses may fall at different rates). Another thing to consider is that if you are using a bigger mortgage to repay HTB, then the sooner you do it, the sooner you can start building equity in your home with mortgage repayments
The cheapest mortgage rates are now around five times the record lows of 0.79% recorded last October, when there were more than 100 fixed-rate mortgages with rates below 1%. More from @samaunder49 here; https://t.co/xFWrgRHKa9
This time last year a typical 2 yr fixed rate mortgage was 1.6%.
@AskNationwide cheapest two-year fix for new borrowers tomorrow, we're told will be 5.59%.
100k borrowers come to the end of their fixed rate deal every month.
Yikes! First @HalifaxBank temporarily withdraw all mortgage products that come with a fee. Now @VirginMoney have temporarily withdraw ALL their products for new customers from 20.00 tonight!
So Kwasi Kwarteng has made PERMANENT cuts to stamp duty
1. Stamp duty threshold doubled from 125k to 250k
2. First time buyer exemption has gone up from 300k to 425k
3. FTBs used to get some sort of exemption up until £500k, this has now moved to £625k
See what this means🧵
The ASA has ruled that ‘part buy, part rent’ terminology is misleading in exaggerating the level of ownership attained by shared owners (unless the assured tenancy nature of the tenure is clearly explained). 2/8
#SharedOwnership#ukhousing#consumerprotection#partbuypartrent