Sub-prime mortgages return — for the affluent

  These are a more responsible and tightly regulated version of the sub-prime lenders that triggered the financial crisis that bankrupted Lehman Brothers in 2008 and went some way towards stopping banks and building societies from lending to people with …


More doors are closing for landlords

The crackdown on landlords continues. Santander this week announced that it is tightening the affordability criteria on its buy-to-let mortgages. Lenders are increasingly looking for rental income to cover 145 per cent of the repayments on a buy-to-let mortgage — …






Should friends help each other onto the housing ladder?

Lenders don’t normally differentiate between two friends or two people in a couple, which is why there is little data available on “sharer-buyers”. Many lenders will take into account only two people’s income, although Shaun Church, of the mortgage broker …


Track or fix? The new dilemma

Mortgage brokers are reporting an increase in borrowers applying to take out tracker mortgages since the Bank of England cut interest rates this month. Up until recently, only 9 per cent of mortgages were trackers, so-called because their rate of …