Buy-to-let the best area in the UK for 2018

Buy-to-let the best area in the UK for 2018 Manchester is currently the best place to. Buy-to-let the best area in the UK for 2018.  It ranked highest for rental yields (5.55 per cent) and rental price growth (5.76 per cent). Manchester took the top spot after a steady climb up LendInvest’s rankings throughout 2017. Colchester…

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Interest-only mortgages at risk of losing their homes, warns watchdog

Nearly one in five mortgage customers have an interest-only mortgage – around 1.67 million – the Financial Conduct Authority said. Borrowers on these type of loans only pay the interest on their mortgage each month, meaning the amount they owe stays the same. Over the next few years more homeowners with these types of loans…

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Open Banking hits the market tomorrow

Open Banking hits the market tomorrow – which will allow companies to access peoples’ bank or building society data once given permission by the customer. Nine of the biggest UK lenders – Lloyds, RBS, Barclays, HSBC, Santander, Danske, Allied Irish Bank, the Bank of Ireland and the Nationwide Building Society – must share transaction history…

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Buy-to-let mortgage rates are cheap as chips if lock for five years

Five-year buy-to-let mortgage rates available today are among the cheapest ever seen, so why aren’t more landlords locking in for longer? In fact when fees and monthly payments are taken into account, one mortgage broker argues five-year fixed rates have never been cheaper. We asked Jeni Browne, of the specialist buy-to-let mortgage broker Mortgages for Business,…

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How much your house prices are going to rise by in 2018

House prices are set to rise next year – though at a slower pace than previous years. The average house will increase by one per cent in 2018, driven by a shortage of homes for lower and middle income earners. The increase is a slowdown from this year, which saw house prices increase by 1.2…

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