Mortgages.scot

Barclays buys Kensington Mortgages

Barclays have announced they are purchasing Specialist Lender Kensington Mortgages, subject to regulatory approval for a price around £2.3bn. It is one of the more interesting deals in the market of recent years.

News

Affordability Stress Test is going!

Following on from a previous post I wrote in March around a consultation being run by the Bank of England regarding the removal of the mortgage affordability stress test, the result is in. Surprisingly it is going to be removed from the 1st August 2022.

Regulation

Interest rates move to 1.25%

The Bank of England increased rates again today, from 1% to 1.25%. It was not unexpected and a further increase is anticipated next month. Whilst it does not have a significant impact for most it is adding up to a significant amount when you consider this is the 5th rise in recent months.

News

Interest rate moves to 1%

Another bleak day for borrowers, the interest rate is increased again to 1% following a 0.25% increase. As I have said before, there is more to come so act now to lock in a good rate if you are able.

News

Spray Foam Insulation & Mortgages

Most when thinking about loft insulation probably see those rolls of insulation you get at a DIY store. You roll them out between the joists on your loft floor and roof and it helps keep the heat in. There is another type. Spray foam is sometimes used instead. Unfortunately, issues with some types of spray foam are emerging.

Property

Is Klarna bad for your mortgage application?

Is Klarna bad for your mortgage application? I keep seeing a lot of focus is given to this. What is this really about and does Klarna negatively impact your mortgage application?

Views

Mortgage Complaints 2020/21

Mortgage Complaints made to the Financial Ombudsman Service are produced on a regular basis. For the most recent year figures have been released and it shows an increase.

Statistics

Great Property Valuation Podcast

If you work in the mortgage industry with an interest in valuations then Robert Cohen, Managing Director from MJ International has been giving a fantastic insight on his new podcast series.

Podcasts

Cladding three years after Grenfell

3 years after the Grenfell tragedy the property market is being clogged up by delays caused by red tape. Is there any progress actually being made in ensuring not only the safety of existing buildings but also those being built now and in future?

Views

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